HCL profit up by 28 p.c.

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.


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.