HCL Technologies first-quarter consolidated profit rises about 8 percent, beats estimates

Reuters 

- Technologies Ltd posted about 8 percent growth in first-quarter consolidated profit, beating analysts' forecasts, helped by higher revenues from its software services segment and client additions.

Consolidated profit came in at 22.11 billion rupees ($343.79 million) for the three months ended June 30, while total income rose about 7 percent to 124.62 billion rupees, the country's fourth-largest software services exporter said on Thursday. http://bit.ly/2uyP42M

Analysts on an average had expected a consolidated profit of 20.54 billion rupees, according to Thomson data.

Consolidated revenue from software services rose about 11 pct to 70.28 billion rupees.

The company added five clients in the $50-million-plus category and one client in the $100-million-plus category.

($1 = 64.3131 Indian rupees)

(Reporting By Arnab Paul in Bengaluru; Editing by Subhranshu Sahu)

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