HCL Tech Q2 profit up 15%, beats estimates

NEW DELHI: Software services and products exporter HCL Technologies Ltd posted a 14.8 according to cent rise in second-quarter net benefit, beating analysts' estimates, helped by higher income from its device services and products industry.


Net benefit attributable to shareholders rose to Rs 2,534 crore ($344.43 million) in the quarter ended September 30, from Rs 2,207 crore a yr ago.


Analysts on reasonable had expected a consolidated benefit of Rs 2,450 crore, consistent with Refinitiv information.


Revenue from operations jumped 19.5 according to cent to Rs 14,860 crore, while income from the device services and products industry rose about 21 according to cent to Rs 8,711 crore.
HCL Tech Q2 profit up 15%, beats estimates HCL Tech Q2 profit up 15%, beats estimates Reviewed by kailash soni on October 24, 2018 Rating: 5
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