HCL Technologies reports 5.58 per cent jump in net profits for October-December quarter

HCL Technologies on Monday met Street estimates when it posted a 5.58 per cent rise in consolidated net profits for the quarter ended December 31. The IT firm reported a net profit of ₹4,594 crore against ₹4,351 crore in the corresponding period of the previous year.

A consensus estimate of analysts tracked by Bloomberg had pegged the net profit at ₹4,614 crore. Revenues were up 5.07 per cent over the previous year period at ₹29,890 crore against ₹28,446 crore. On a sequential basis, it showed a rise of 3.56 per cent.