Thursday 27 July 2017

India's HCL Tech Q1 Consol Profit Rises About 8 pct

India's HCL Technologies Ltd HCLT.NS posted about 8 percent growth in first-quarter consolidated profit, beating analysts' forecasts, helped by higher revenues from its software services segment and client additions.
Consolidated profit came in at 22.11 billion rupees ($343.79 million) for the three months ended June 30, while total income rose about 7 percent to 124.62 billion rupees, the country's fourth-largest software services exporter said on Thursday. on an average had expected a consolidated profit of 20.54 billion rupees, according to Thomson Reuters data.
Consolidated revenue from software services rose about 11 pct to 70.28 billion rupees.
The company added five clients in the $50-million-plus category and one client in the $100-million-plus category. ($1 = 64.3131 Indian rupees) 
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