 "HCL Technologies posts lower-than-expected profit in third-quarter")
Don't want to miss the best from Business Standard?
HCL Technologies Ltd posted a marginal rise in quarterly profit on Friday, but missed estimates, hurt by higher expenses.
Profit attributable to shareholders rose to Rs 20.75 billion ($324.93 million) in the quarter ended Dec. 31, from Rs 20.62 billion a year earlier, the software services exporter said.
Analysts on average had expected a profit of Rs 21.57 billion, Thomson Reuters data showed.
Total expenses rose 11 per cent to Rs 104.72 billion in the quarter.
The company maintained its forecast for full-year revenue growth in a range of 10.5 per cent-12.5 per cent in constant currency terms.
Also Read
($1 = 63.8600 Indian rupees)
