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)

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Changes to FDI investment norms for housing look cosmetic

    The policy measures announced on Wednesday for facilitating greater participation of foreign direct investment (FDI) in the real estate sector do not

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Energy conservation through feedback

In households across the world, people use electric energy not ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture