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HCL Tech shares plunge nearly 9% post earnings announcement

2014-10-17 12:48:46| IT Services - Topix.net

Shares of software services provider HCL Technologies plunged nearly 9 per cent today after the company reported 32.3 per cent rise in consolidated net profit for the first quarter ended September 30, which is below market expectations. HCL Technologies today reported 32.3 per cent rise in consolidated net profit at Rs 1,873 crore for the first quarter ended September 30 on the back of strong growth in Europe and business services.

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