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 govt must get more citizens into the tax net to curb black money

    Prime minister Narendra Modi’s mild warning to black money hoarders to come clean by September is timely, but not enough.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

The shame of rejecting our women

Recently, three young women broke into the elite male basti­on ...

Rajgopal Nidamboor

The rainbow fusion of our being

Our mind isn’t a metaph­or. It is part of a ...

Dharmendra Khandal

The unfortunate death of a tigress & its repercussions

In nature it is not easy to gather investigative evidences, ...