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
Written By: Reuters
Updated: Thu, Jul 27, 2017
08:56 am
Reuters
RELATED NEWS
HCL Technologies Q3 FY21 Review - Strong Results; Guidance Raised; Maintain Buy rating by Jefferies HCL Technologies Q3 FY21 Review - Strong Results; Guidance Raised; Maintain Buy rating by Jefferies
HCL Technologies share price: Sharekhan maintains Buy rating with a revised price target of Rs 1250 HCL Technologies share price: Sharekhan maintains Buy rating with a revised price target of Rs 1250
HCL Technologies Q3 FY21 results | Key guidance, Revenue to key numbers - all EXPLAINED HCL Technologies Q3 FY21 results | Key guidance, Revenue to key numbers - all EXPLAINED

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.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.