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BENGALURU (Reuters) – HCLTech, India’s third-largest IT services provider, beat quarterly profit estimates on Friday, helped by its deal with U.S. telecom company Verizon and strength in its products and platforms business.
The Noida-based company’s net profit rose 6.2% to 43.50 billion rupees ($524.80 million) for the quarter ended Dec. 31 from a year earlier. Analysts, on average, expected profit of 41.51 billion rupees, according to LSEG data.
($1 = 82.8890 Indian rupees)
(Reporting by Haripriya Suresh in Bengaluru, writing by Varun Vyas; Editing by Eileen Soreng)
Copyright 2024 Thomson Reuters.
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