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HCL Technologies fourth quarter consolidated profit jumps 28 percent, beats estimates
Highlights
HCL Technologies Ltd (HCLT.NS), India\'s fourth-biggest software services firm, reported a better-than-expected 28 percent rise in consolidated
HCL Technologies Ltd (HCLT.NS), India's fourth-biggest software services firm, reported a better-than-expected 28 percent rise in consolidated fourth-quarter profit, as it added more clients in the quarter and revenue from software services rose.
Consolidated profit rose to 24.75 billion rupees ($383.57 million) for the quarter ended March 31, from 19.39 billion rupees a year earlier, the company said on Thursday.
Analysts on average were expecting a profit of 20.91 billion rupees, according to Thomson Reuters data.
The company's fourth-quarter consolidated revenue from software services rose 23 percent to 77.43 billion rupees.
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