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HCL Technologies fourth quarter consolidated profit jumps 28 percent, beats estimates
May 11, 2017 / 4:22 AM / 4 months ago

HCL Technologies fourth quarter consolidated profit jumps 28 percent, beats estimates

People walk in front of the HCL Technologies Ltd office at Noida, on the outskirts of New Delhi April 17, 2013. REUTERS/Mansi Thapliyal/Files

REUTERS - HCL Technologies Ltd (HCLT.NS), India’s fourth-biggest software services firm, reported a better-than-expected 28 percent rise in consolidated fourth-quarter profit, as it added more clients in the quarter and revenue from software services rose.

Consolidated profit rose to 24.75 billion rupees ($383.57 million) for the quarter ended March 31, from 19.39 billion rupees a year earlier, the company said on Thursday. (bit.ly/2qu5yZc)

Analysts on average were expecting a profit of 20.91 billion rupees, according to Thomson Reuters data.

The company’s fourth-quarter consolidated revenue from software services rose 23 percent to 77.43 billion rupees.

($1 = 64.5260 Indian rupees)

Reporting by Samantha Kareen Nair in Bengaluru; Editing by Sunil Nair

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