HCL Technologies profit rises 42% on orders

HCL Technologies Ltd, India's No. 4 IT services exporter, beat expectations with a 41.6 percent rise in quarterly profit, after order wins boosted earnings.

Consolidated net profit for the fiscal fourth quarter ended June 30 rose to 12.1 billion rupees from 8.54 billion rupees a year earlier, HCL Technologies said on Wednesday.

That compares with the 10.6 billion rupee average of 24 analysts estimates according to Thomson Reuters I/B/E/S for the company, whose customers include Nokia Oyj, Xerox Corp and AstraZeneca Plc. HCL Technologies follows a July-June fiscal year.

Bigger rivals Tata Consultancy Services, Infosys and Wipro beat expectations and provided brighter-than-expected outlooks earlier this month.

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