Wednesday, 17 October 2012

India’s HCL Technologies profit beats view, shares hit 12-yr high

BANGALORE, Oct 17 - HCL Technologies, India’s fourth-largest software services provider, posted a 78 percent jump in quarterly profit on large contract wins, beating expectations and sending its shares to their highest levels in more than 12 years.

Shares of the company, valued at about $7.9 billion, rose as much as 3.83 percent to 606.9 rupees in early Mumbai trading, their highest since March 2000. The shares were up 1.8 percent at 0507 GMT.

Consolidated net profit for the fiscal

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