HCL Technologies Q1 profit grows nearly 8%, beats estimates

HCL Technologies Q1 profit grows nearly 8%, beats estimates
People walk in front of the HCL Technologies Ltd office at Noida. Image Source: Reuters
By Reuters
Updated: Thu, Jul 27, 2017
08:56 am
Reuters
RELATED NEWS
Top 5 stocks in focus on September 18: Bank of Baroda, Vijaya Bank and Dena Bank to HCL Tech, here are the newsmakers of the day Top 5 stocks in focus on September 18: Bank of Baroda, Vijaya Bank and Dena Bank to HCL Tech, here are the newsmakers of the day
Recruitment 2018: 1000 jobs on offer by HCL Technologies; this is where Recruitment 2018: 1000 jobs on offer by HCL Technologies; this is where
HCL Tech topples Wipro to become India's third biggest IT services firm HCL Tech topples Wipro to become India's third biggest IT services firm

HCL Technologies Ltd posted about 8 percent growth in first-quarter consolidated profit, beating analysts` forecasts, helped by higher revenues from its software services segment and client additions.

Consolidated profit came in at 22.11 billion rupees ($343.79 million) for the three months ended June 30, while total income rose about 7 percent to 124.62 billion rupees, the country`s fourth-largest software services exporter said on Thursday.

Analysts on an average had expected a consolidated profit of 20.54 billion rupees, according to Thomson Reuters data.

Consolidated revenue from software services rose about 11 pct to 70.28 billion rupees.

The company added five clients in the $50-million-plus category and one client in the $100-million-plus category.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)