HCL Tech reports muted earnings; quarterly net profit dips 18%

Wednesday, October 17, 2012, 08:44:33 (IST)
NEWS FLASH HCL Tech, India's fourth largest software services exporter, has reported a dip in net profit for the July to September quarter at Rs 700 crore, slightly below expectations. A brokers' poll conducted by NDTV Profit estimates net profit to decline to Rs. 736 crore against Rs. 854 crore. In dollar terms, sales rose to $1110 million against $1080 million in the June quarter. It was expected to rise 4 per cent to $1123 million. The company has announced an interim dividend of Rs 2 per share.   Unsubscribe   News updates @ www.ndtv.com

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