Wednesday, April 18, 2012

HCL Q4 net rises 28% to Rs 6 billion

HCL Technologies Ltd, India's fourth-largest software services exporter, reported a 28 percent rise in quarterly net profit, helped by a surge in outsourcing orders despite global economic uncertainties.

In the January-March period, the software exporter's consolidated net profit surged to Rs 6.03 billion from Rs 4.68 billion a year earlier, according to US accounting standards.

Profit grew 5.2 percent from the previous three months.

Consolidated sales swelled nearly 26 percent to Rs 52.16 billion from Rs 41.38 billion. On a sequential basis, revenue fell less than 1 percent.

The company's foreign exchange losses widened to Rs 363 million from Rs 112 million a year earlier.

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