India's HCL Technologies Q4 net profit up 54 pct, beats estimates

MUMBAI, July 31 Wed Jul 30, 2014 11:23pm EDT

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MUMBAI, July 31 (Reuters) - Indian IT services exporter HCL Technologies Ltd reported a 54 percent rise in quarterly net profit, as a global economic recovery helped demand for outsourcing services.

Consolidated net income for the company's fiscal fourth-quarter ended June 30 rose to 18.34 billion rupees ($305.4 million) from 11.93 billion rupees in the same period a year earlier, HCL Technologies said on Thursday.

Analysts, on average, had expected the company to report a net profit of 16.15 billion rupees. ($1 = 60.0600 Indian Rupees) (Reporting by Devidutta Tripathy and Nivedita Bhattacharjee; Editing by Prateek Chatterjee)

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