India's HCLTech beats first-quarter revenue view

HCLTech HCLTECH, India's third-largest software services provider, reported better-than-expected quarterly revenue on Monday, aided by growth in its IT and business services segment as well as in its engineering, research and development segment.

It posted an 8.16% rise in consolidated revenue to 303.49 billion rupees ($3.53 billion) in the June quarter.

Analysts, on average, had expected revenue of 302.92 billion rupees, as per data compiled by LSEG.

($1 = 85.9700 Indian rupees)