HCL Technologies Q3 profit rises to Rs2,075 crore, misses estimates


Bengaluru: HCL Technologies Ltd posted a marginal rise in quarterly profit on Friday, but missed estimates, hurt by higher expenses.

Profit attributable to shareholders rose to Rs2,075 crore ($324.93 million) in the quarter ended 31 December, from Rs2,062 crore a year earlier, the software services exporter said.

Analysts on average had expected a profit of Rs2,157 crore, Thomson Reuters data showed.

Total expenses rose 11% to Rs10,472 crore in the quarter.

The company maintained its forecast for full-year revenue growth in a range of 10.5%-12.5% in constant currency terms. livemint