India’s fourth largest software services provider HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.
“HCL’s performance has exceeded the market expectations. It’s showing signs of healthy growth but not industry leading as yet,” Greyhound Research Chief Analyst and Group CEO Sanchit Vir Gogia said.
The company holds a strong foothold in infrastructure management which has been generating a steady stream of revenue for the company, he added.
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