HCL Tech Q4 net jumps 42% at Rs 854 crore, beats estimates
By Prashant R Nair | Published On: July 25, 2012 09:10 (IST) | Duration: 2 min, 42 sec
HCL Tech, India's fourth largest software services exporter, has surpassed Street expectations in the June quarter. Consolidated net profits rose 41.6 per cent sequentially to Rs 854 crore over Rs 602.5 crore in the March quarter, significantly higher than estimates of Rs 711 crore. The Noida-based company managed to beat estimates despite reporting a forex loss of Rs 34.63 crore.