HCL Technologies net profit up 54% for quarter 4, beats estimates

HCL Technologies net profit up 54% for quarter 4, beats estimates

IT services exporter HCL Technologies Ltd reported a 54 per cent rise in quarterly net profit, as a global economic recovery helped demand for outsourcing services. The company exhibited the consolidated net income for the fiscal year fourth quarter ended was rose to 18.34 billion rupees ($305.4 million) from 11.93 billion rupees in the same fiscal year. Financial analysts have expected that the company will get net profit of 16.15 billion rupees.

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