HCL Technologies' quarterly profit beats estimates
- By Reuters |
- Jul 27, 2018
- Last Updated at 20:25 IST
MUMBAI - India's HCL Technologies Ltd beat analysts' estimates for quarterly profit on Friday as it added more high-net worth clients and generated strong growth at its software services business.
Net profit attributable to shareholders rose to 24.31 billion rupees ($353.73 million) in the quarter ended June 30, from 22.11 billion rupees, the IT company said on Friday. Analysts were expecting 22.96 billion rupees, as per Thomson Reuters I/B/E/S.
Revenue from operations rose 14.2 percent to 138.78 billion rupees led largely by a 15.6 percent jump in its software services unit, its main revenue generator.
In dollar terms, HCL became India's No. 3 IT firm on a quarterly basis as it posted a revenue of $2.05 billion, just ahead of rival Wipro's IT services revenue of 2.03 billion.
For the fiscal year ending in March 2018 though, Wipro was India's No. 3 IT services firm by revenue.
HCL said it expected revenues to grow between 9.5 percent to 11.5 percent in constant currency terms in the fiscal year to end-March 2019.
The outlook was more upbeat than Wipro's which, earlier this month said it expected its services segment revenues to growth between 0.3 percent and 2.3 percent from its current revenue of $2.03 billion.
RELATED NEWS
Posted at 17:32 PM
Posted at 11:19 AM
Posted on 20- Jul- 2019
Posted on 19- Jul- 2019
Posted on 19- Jul- 2019
Posted on 19- Jul- 2019
Posted on 18- Jul- 2019
Posted on 17- Jul- 2019
Posted on 17- Jul- 2019
Posted on 17- Jul- 2019
The Big Stories
.JPG)
LIVE ADVISORY
3M TEAM SECURIT...
TESTIMONIALS
SACHIN PATEL
Good performance services ..Keep up the good work!.
SACHIN PATEL
Good performance services ..Keep up the good work!!! Really appreciate your effort.
Dr. Ravindra Dhivare
Advisorymandi.com is really appreciable . As they.
Dr. Ravindra Dhivare
Advisorymandi.com is really appreciable . As they give proper calls & levels with proper SL. Advisorymandi,com teaches us, how to trade in share market in proper way. Personalized services also tell you about your services like, phone calls, reminders & other suggestions are really very appreciable with polite conversations. Outstanding team effort as they are very cooperative , polite and helps in sorting out problems and queries in best possible manner.
SHAKTI
Working with Advisorymandi.com was the best decisi.
SHAKTI
Working with Advisorymandi.com was the best decision of my life. The work is highly credible. A BIG THANKS for their virtuoso services.
ADITYA
ADVISORYMANI.COM is a platform where you can know .
ADITYA
ADVISORYMANI.COM is a platform where you can know everything about share market and how to trade?It is a best Platform for a beginner who has just started trading. Employee of advisorymandi are very friendly. They are always ready for you to help in any condition. From my opinion every beginner who wants to be a successful trader , they the should join "ADVISORYMANDI.COM"
MANDEEP
YOUR WORK SPEAKS VOLUMES OF THE KIND OF CONCEPTS I.
MANDEEP
YOUR WORK SPEAKS VOLUMES OF THE KIND OF CONCEPTS IT IS-EFFICIENT,ORGANIZED and RESULT ORIENTED. WELL DONE!! ADVISORYMANDI.COM AND TEAM
OPINION POLL
Will Gold sustain above Rs. 34,000 till expiry?
- Yes
- No
