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India's HCL Tech shares gain 2.7 pct at pre-open on better earnings

Source : REUTERS
Last Updated: Thu, Apr 17, 2014 03:50 hrs

MUMBAI, April 17 (Reuters) - Shares in India's 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. ($1 = 60.3550 rupees) (Reporting by Indulal PM; Editing by Sunil Nair)




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