HCL Technologies plans capex of $230m for FY12

Chief Financial Officer of HCL Technologies, Anil Chanana told reporters that the company has a capex plan of USD 230 million for its current fiscal year ending June.

October 18, 2011 / 12:55 IST

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HCL Technologies, India's fourth largest software services firm, has a capex plan of USD 230 million for its current fiscal year ending June, its Chief Financial Officer Anil Chanana told reporters on Tuesday.

Earlier in the day, the company reported a 50% jump in quarterly profit, but shares fell as much as 7% on a cloudy outlook for the sector amid slowing global growth.

first published: Oct 18, 2011 11:50 am

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