Diabytes
HCL shares News
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India's fourth largest software services firm HCL Technologies on Wednesday said it will buyback shares at Rs 1,000 apiece, a 17 per cent premium over current trading price.
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In a regulatory filing to the Bombay Stock Exchange (BSE), the outsourcing firm said revenue for the fiscal increased 12.6 percent YoY to Rs 37,061 crore.
Shares of HCL Technologies fell sharply by nearly 10 percent on Tuesday as company's March quarter earnings came in below market expectations.
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The city-based firm, which follows July-June fiscal year, had posted a net profit of Rs 1,496 crore in the year-ago period, it said in a BSE filing.
The Noida-based company had posted net profit of Rs 1,416 crore in the year-ago period.
For most IT services companies, analysts and investors track the dollar sales numbers as clients oversees get billed in that currency.
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