January 19, 2018 / 3:08 AM / 4 months ago

HCL Technologies posts lower-than-expected third-quarter profit

(Reuters) - HCL Technologies Ltd posted a marginal rise in quarterly profit on Friday, but missed estimates, hurt by higher expenses.

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

Profit attributable to shareholders rose to 20.75 billion rupees ($324.93 million) in the quarter ended Dec. 31, from 20.62 billion rupees a year earlier, the software services exporter said. bit.ly/2FSLVyE

Analysts on average had expected a profit of 21.57 billion rupees, Thomson Reuters data showed.

Total expenses rose 11 percent to 104.72 billion rupees in the quarter.

The company maintained its forecast for full-year revenue growth in a range of 10.5 percent-12.5 percent in constant currency terms.

($1 = 63.8600 Indian rupees)

Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Sunil Nair

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