HCL Technologies Wednesday reported strong third quarter earnings that beat analysts forecast by a wide margin. However, some analysts remain cautious given the inconsistent earnings performance and inadequate conversion of profit into cashflow in the past.
HCL Tech reported a January-March quarter net profit of Rs 468.2 crore, up 33% year-on-year, while revenue for the period rose Rs 4,138.2 crore, up 31.5%.
This was well ahead of analysts
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