HCL Technologies' Third-Quarter Net Profit Fell 14% on Higher Expenses and Taxes

By Justina Lee

HCL Technologies Ltd.' s third-quarter net profit fell 14% from a year earlier, weighed by higher expenses and taxes.

The Indian information-technology services provider said late Friday that net profit for the quarter ended Dec. 31 fell 14% to 34.42 billion Indian rupees ($463.7 million). That was below the estimate of INR39.75 billion from a FactSet poll of analysts.

Third-quarter revenue however increased 16% to INR223.31 billion, supported by higher overall contributions from its business segments.

Write to Justina Lee at [e-mail]

(END) Dow Jones Newswires

01-16-22 2127ET