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    HomeNewsBusinessEarningsHCL Tech Q3 profit rises 28%, beats forecast

    HCL Tech Q3 profit rises 28%, beats forecast

    HCL Technologies Ltd, India's fourth-largest software services exporter, reported a 28% rise in quarterly net profit, beating expectations.

    April 18, 2012 / 09:16 IST

    HCL Technologies Ltd, India's fourth-largest software services exporter, reported a 28% rise in quarterly net profit, beating expectations, after customers boosted orders to cut operational costs amid the global economic uncertainty.

    Consolidated net profit for the fiscal third quarter ended March 31 rose to Rs 600 crore from Rs 468 crore a year earlier, the company said on Wednesday.

    HCL follows a July-June fiscal year. Sales rose 26% to Rs 5216 crore.

    Analysts had forecast a net profit of Rs 574 crore for the company, whose customers include Xerox Corp and Readers Digest Association Inc, according to Thomson Reuters Starmine data.

    first published: Apr 18, 2012 09:00 am

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