NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News  » Business » HCL Tech Q4 net up 42% at Rs 1,210 cr

HCL Tech Q4 net up 42% at Rs 1,210 cr

July 31, 2013 09:21 IST

HCL Technologies Ltd, India's No. 4 IT services exporter, beat expectations with a 41.6 percent rise in quarterly profit, after order wins boosted earnings.

Consolidated net profit for the fiscal fourth quarter ended June 30 rose to Rs 1,210 crore (Rs 12.1 billion) from Rs 854 crore (Rs 8.54 billion) a year earlier, HCL Technologies said on Wednesday.

That compares with the 10.6 billion rupee average of 24 analysts estimates according to Thomson Reuters I/B/E/S for the company, whose customers include Nokia Oyj, Xerox Corp and AstraZeneca Plc. 

HCL Technologies follows a July-June fiscal year.

Bigger rivals Tata Consultancy Services, Infosys and Wipro beat expectations and provided brighter-than-expected outlooks earlier this month.

(Reporting by Harichandan Arakali; Editing by Anand Basu)

© Copyright 2018 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.