HCL Tech Q4 net profit up 54 per cent, beats estimates

IT services exporter HCL Technologies Ltd reported a 54 per cent rise in quarterly net profit, as a global economic recovery helped demand for outsourcing services.

Consolidated net income for the company's fiscal fourth-quarter ended June 30 rose to Rs 18.34 billion ($305.4 million) from Rs 11.93 billion in the same period a year earlier, HCL Technologies said on Thursday.

Analysts, on average, had expected the company to report a net profit of Rs 16.15 billion.

($1 = Rs 60.0600)

EDITORIAL OF THE DAY

  • The rich are showing interest, artie folks don’t seem enthused

    On the face of it, Pichvai, the 400-year-old dying art, has got a new patron in Nita Ambani.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Urs Schoettli

North Korea shakes up Manchuria

North Korea, officially the Democratic People’s Republic of Korea (DPRK), ...

Zehra Naqvi

Tree of life

Stories of trees that think, learn and speak are safely ...

Dharmendra Khandal

Let's leave bird songs to birds

The questions floating amongst wildlife enthusiasts these days are: Should ...