The company had posted a net profit of Rs 1,193 crore in the year-ago period, it said in a statement.
Its consolidated revenues rose 20.7 per cent to Rs 8,424 crore in the April-June quarter as against Rs 6,980 crore in the same period last year.
The firm follows July-June as the fiscal year.
Commenting on the performance, HCL Technologies CEO Anant Gupta said: "HCL has posted a robust financial year performance, which emphatically demonstrates the continued success and relevance of our overall strategy."
In FY14, the company crossed the USD 5 billion revenue milestone and further evolved the key building blocks to deliver next generation propositions to customers, he added.
Gupta further said that backed by the solid performance, HCL remains confident in its ability to continue delivering industry leading growth.
For the full year ended June 30, 2014, its net profit moved up 58.3 per cent to Rs 6,369 crore as against Rs 4,023 crore in the previous fiscal. Revenues rose 27.8 per cent to Rs 32,917 crore during the year as compared with Rs 25,758 crore in FY 2012-13.
In US dollar terms, HCL Technologies reported a 44.2 per cent rise in net profit for the June quarter to USD 305.4 million as against USD 211.7 million in the corresponding period a year earlier. Its revenues rose 14.6 per cent to USD 1.4 billion from USD 1.22 billion.
"The superior operating performance has been accompanied by efficient working capital management including DSO (days sales outstanding), high conversion of profits into cash and return on equity at historic high of 36 per cent," HCL Technologies CFO Anil Chanana said.
HCL's cash and cash equivalents, investments and borrowings at the end of June 2014 stood at Rs 1,020.6 crore. Its total headcount recorded at 91,691.
HCL said it has signed over 50 transformational engagements with more than USD 5-billion Total Contract Value (TCV) during FY 2013-14.
"These engagements were well distributed across all service lines and geographies. In verticals, the wins were led by Gen 2.0 propositions in momentum markets of financial services and manufacturing," it added.
The firm said it added one client in USD 100-million plus (deal size) category, four clients in the over USD 50-million and 16 clients in more than USD 20 million segment.
Americas accounted for 57 per cent of the company's revenues, followed by Europe at 30.5 per cent and Rest of World (RoW) at 12.5 per cent.
The company announced dividend of Rs 12 per share, its 46th consecutive quarter of dividend payout.
HCL Tech Q4 dollar revenue disappoints investors, shares fall
(Reuters) HCL Technologies Ltd, India's fourth-largest IT services exporter, reported on Thursday quarterly growth in its dollar-denominated revenue that missed analyst estimates, sending the company's shares down by as much as 2.5 per cent.
For most IT services companies, analysts and investors track the dollar sales numbers as clients oversees get billed in that currency. For the quarter ended June, HCL posted a 3.4 per cent rise from March to $1.4 billion, below industry leader Tata Consultancy Services' (TCS) 5.5 per cent increase.
"We were expecting it to grow about 4 percent. In the past HCL has been able to keep at about the same dollar revenue growth as TCS," said Ankita Somani, analyst at brokerage MSFL Research.
HCL is part of a $108 billion Indian outsourcing sector that generate the lion's part of their sales by providing services like IT network installation and development of software applications to Western clients.
Revenue from the Americas, HCL's largest markat, saw a rise of 12 percent in the quarter, while sales in Europe, where the company's clients include a British government agency and a Swiss pharmaceutical company, rose 25 percent.
Consolidated net profit in its fiscal fourth-quarter ended June 30 rose 54 percent to 18.34 billion rupees ($305.4 million) from 11.93 billion rupees a year earlier, the company said.
Analysts, on average, had expected the company to report a net profit of 16.15 billion rupees.
HCL shares were trading 2.5 percent lower at 1,558.20 rupees at 0437 GMT, while the main Mumbai market index was down 0.1 percent.
Research firm Gartner says global IT spending is expected to total $3.7 trillion in 2014, up 2.1 percent from a year earlier.