HCL Tech gains after earnings beat estimates

Last Updated: Wed, Jul 31, 2013 04:57 hrs

Shares in India's HCL Technologies Ltd gain 1.5 percent after India's No. 4 IT services exporter beat expectations with a 41.6 percent rise in April-June earnings.

Consolidated net profit for the fiscal fourth quarter ended June 30 rose to 12.1 billion rupees ($200 million) from 8.54 billion rupees a year earlier on the back of order wins, HCL Technologies said on Wednesday.

Analysts on average had expected the company to post a net profit of 10.6 billion rupee, according to Thomson Reuters I/B/E/S.

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