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HCL Technologies shares gain 2.7 pct at pre-open on better earnings

Apr 18 2014, 09:12 IST
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The Indian IT services exporter beat market expectations with a 59 percent rise in consolidated net profit in the January-March quarter to 16.24 billion rupees ($269.07 million) from 10.2 billion rupees in the same period a year earlier.  (HCL) The Indian IT services exporter beat market expectations with a 59 percent rise in consolidated net profit in the January-March quarter to 16.24 billion rupees ($269.07 million) from 10.2 billion rupees in the same period a year earlier. (HCL)
SummaryHCL Technologies' results follow stronger-than-expected profits at Tata Consultancy Services...

Shares in HCL Technologies gained 2.73 percent at pre-open trade after the company reported a better-than-expected net profit for January-March quarter on the back of increasing demand for outsourcing services.

The Indian IT services exporter beat market expectations with a 59 percent rise in consolidated net profit in the January-March quarter to 16.24 billion rupees ($269.07 million) from 10.2 billion rupees in the same period a year earlier.

TCS

(Also read: Tata Consultancy Services to hire 55K employees this fiscal)

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