HCL Technologies posts 9.5% rise in July-Sept net profit to Rs 2,207 cr, 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.

Representational image. Reuters

Representational image. Reuters

Net profit attributable to shareholders rose to Rs 2,207 crore ($339.12 million) in the three months ended 30 September, from Rs20.15 billion rupees in the same period a year earlier, HCL Technologies said on Wednesday.

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.

Published Date: Oct 25, 2017 09:47 AM | Updated Date: Oct 25, 2017 09:47 AM