HCL Technologies posts lower-than-expected third-quarter profit

Profit attributable to shareholders rose to 20.75 billion rupees ($324.93 million) in the quarter ended Dec. 31, from 20.62 billion rupees a year earlier, the software services exporter said.

Analysts on average had expected a profit of 21.57 billion rupees, Thomson Reuters data showed.

Total expenses rose 11 percent to 104.72 billion rupees in the quarter.

The company maintained its forecast for full-year revenue growth in a range of 10.5 percent-12.5 percent in constant currency terms.