Wednesday, July 25, 2012

HCL Technology Q4 profit rises over 42%; Latest Stock Price


HCL Technology Q4 profit rises over 42%; Latest Stock Price



HCL Technologies said on Wednesday consolidated net profit for the fiscal fourth quarter ended June 30 rose to Rs 854 crore from Rs 603 crore a year earlier.

Analysts had forecast a net profit of Rs 675 crore for the company, whose customers include Xerox Corp and Readers Digest Association Inc, according to Thomson Reuters data.

HCL's dollar revenue went up 3% at USD 1,079.6 million versus USD 1,047.9 million QoQ. The rupee revenue is up 13.5% at Rs 5,919 crore.

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