HCL Technologies Q4 Results: Record Deal Wins, Profit Tumble

HCL Technologies Q4 Results: Record Deal Wins, Profit Tumbles 72% On Higher Tax Expense


Apr 23 2021, 8:28 PM
April 23 2021, 6:51 PM
April 23 2021, 8:28 PM
HCL Technologies Ltd.’s revenue rose and it won record new deals in the fourth quarter even as profit tumbled on a higher tax expense.Net profit declined 72.1% quarter-on-quarter to Rs 1,111 crore, the software services provider said in an exchange filing. That compares with the Rs 3,230-crore consensus estimate of analysts tracked by Bloomberg. HCL Tech’s tax expense surged to Rs 2,256 crore from Rs 502 crore in the December quarter...
HCL Technologies Ltd.’s revenue rose and it won record new deals in the fourth quarter even as profit tumbled on a higher tax expense.

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