HCL Technolgies net profit drops 10% to Rs 22.30 bn for March quarter

HCL expects its revenues to grow in the range of 9.5-11.5 per cent on constant currency basis in 2018-19

Information technology firm HCL Technologies on Wednesday posted a 9.8 per cent decline in consolidated net profit at Rs 22.30 billion for the March quarter compared to the year-ago period. The country's fourth largest software services firm had registered Rs 24.74 billion net profit in the year-ago period, according to Indian Accounting Standards (Ind AS), HCL said.

Total income was up 2.2 per cent to Rs 134.80 billion from Rs 131.83 billion in the corresponding quarter last year, it added. For 2017-18, net profit was up 1.3 per cent to Rs 87.22 billion, while total income grew 6.4 per cent to