HCL Tech Q3 profit beat estimates; company maintains full year guidance

Performance best among top IT firms

HCL Technologies’ third quarter results not only beat Street expectations but were also the best so far among the top information technology (IT) players.  HCL Technologies Q3 FY17 dollar revenue growth was much ahead of what the markets had estimated, and it maintained its full-year guidance. 

The Q3 net profit at Rs 2,070 crore grew 7.8 per cent year-on-year and 2.8 per cent on a sequential basis. Revenue increased 14.2 per cent year-on-year (y-o-y) at Rs 11,814 crore and was up 2.6 per cent. In dollar terms, revenue grew 1.3 per cent at $1,745 million. 

HCL Tech's numbers were better