HCL Tech second-quarter net profit rises, beats estimates
HCL Technologies Ltd, India`s fourth-largest software services exporter, posted a 9.5 percent rise in second-quarter net profit, helped by higher revenue from its software services sector.
Net profit attributable to shareholders rose to 22.07 billion rupees ($339.12 million) in the three months ended Sept. 30, from 20.15 billion rupees in the same period a year earlier, HCL Technologies said on Wednesday. http://bit.ly/2yNTaqs
Analysts on average expected the company to post a profit of 21.59 billion rupees, Thomson Reuters data showed.
Revenue from operations rose 8 percent to 124.33 billion rupees.
The company maintained its full-year revenue guidance for a growth between 10.5 percent and 12.5 percent in constant currency terms.($1 = 65.0800 Indian rupees)