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