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 analystsDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
