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HCL profit up by 28 p.c.

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CIOL Bureau
New Update

BANGALORE , INDIA: HCL Technologies Ltd, India's fourth-largest software services exporter, reported a 28 percent rise in quarterly net profit, beating expectations, after customers boosted orders to cut operational costs amid the global economic uncertainty.

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Consolidated net profit for the fiscal third quarter ended March 31 rose to 6 billion Indian rupees from 4.68 billion rupees a year earlier, the company said on Wednesday.

HCL follows a July-June fiscal year. Sales rose 26 percent to 52.16 billion rupees.

Analysts had forecast a net profit of 5.74 billion rupees for the company, whose customers include Xerox Corp and Readers Digest Association Inc, according to Thomson Reuters Starmine data.

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