HCL Technologies falls 5% as Q4 profit misses estimates

The stock dipped 5% to Rs 1,002 on the BSE in early morning trade. HCL Technologies dipped 5% to Rs 1,002 on the BSE in early morning trade after the IT company reported a lower than expected 1.5% quarter on quarter rise in its net profit at Rs 22.27 billion in March quarter (Q4FY18). Revenue grew 2.9% at Rs 131.79 billion over the previous quarter. Analysts on an average had expected profit of Rs 22.88 billion on revenue of Rs 132.19 billion for the quarter.

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