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  Business   Companies  02 May 2018  HCL Tech fourth-quarter profit falls nearly 10 per cent

HCL Tech fourth-quarter profit falls nearly 10 per cent

REUTERS
Published : May 2, 2018, 9:15 am IST
Updated : May 2, 2018, 9:15 am IST

Companies net profit fell to 22.28 billion rupees ($333.58 million) in the three months ended March 31.

Company said it expected revenue in current year to rise 9.5 per cent-11.5 per cent in constant currency terms.
 Company said it expected revenue in current year to rise 9.5 per cent-11.5 per cent in constant currency terms.

Indian software services exporter HCL Technologies Ltd posted a 9.9 per cent fall in its fourth-quarter net profit on Wednesday, hurt by higher expenses.

Net profit fell to 22.28 billion rupees ($333.58 million) in the three months ended March 31, from 24.73 billion rupees in the same period a year earlier, HCL said. 

Analysts on average had expected the company to post a net profit of 22.60 billion rupees, according to Thomson Reuters data.

Revenue from operations rose 2.2 per cent to 131.78 billion rupees.

The company said it expected revenue in the current year to rise 9.5 per cent-11.5 per cent in constant currency terms.

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