HCL Technologies Ltd. (532281.BY) Wednesday posted a better-than-expected 58% rise in fiscal third-quarter consolidated net profit as the software exporter gained from new outsourcing contracts and a narrower foreign-exchange loss.
HCL Technologies is the third major Indian technology company to report better-than-expected net profit for January-March, indicating a revival of fortunes for the country’s outsourcing industry as technology spending in developed markets rebounds.
Over the past two weeks, larger rivals Tata Consultancy Services Ltd. and Infosys Technologies …
Source:http://online.wsj.com/article/BT-CO-20100421-704241.html?mod=WSJ_latestheadlines
