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HCL Technologies' quarterly profit beats Street

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Reuters

(Reuters) - India's HCL Technologies Ltd beat analysts' estimates for quarterly profit on Friday as it added more high-net worth clients and clocked strong growth at its software services business.

Net profit attributable to shareholders rose to 24.31 billion rupees ($353.73 million) in the quarter ended June 30, from 22.11 billion rupees, India's fourth largest IT company said http://bit.ly/2mPnQAq. Analysts were expecting 22.96 billion rupees, as per Thomson Reuters I/B/E/S.

Revenue from operations rose 14.2 percent to 138.78 billion rupees led largely by a 15.6 percent jump in its software services unit, its main revenue generator.

($1 = 68.7250 Indian rupees)

(Reporting By Aparajita Saxena in Bengaluru; Editing by Vyas Mohan)

 

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First Published: Jul 27 2018 | 4:22 PM IST

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