 "HCL Tech Q1 profit rises about 8 percent, beats estimates")
HCL Technologies 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 Rs 2211 crore ($343.79 million) for the three months ended June 30, while total income rose about 7 percent to Rs 12462 crore, the country's fourth-largest software services exporter said on Thursday.
Analysts on an average had expected a consolidated profit of Rs 2054 crore, according to Thomson Reuters data.
Consolidated revenue from software services rose about 11 percent to Rs 7028 crore.
The company added five clients in the $50-million-plus category and one client in the $100-million-plus category.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%