India's HCLTech beats first-quarter revenue view, narrows forecast

FILE PHOTO: Employees of HCLTech walk inside the office premises on the outskirts of Lucknow, India, March 20, 2024. REUTERS/Pawan Kumar/File Photo

BENGALURU (Reuters) -HCLTech, India's third-largest software services provider, reported better-than-expected quarterly revenue on Monday, aided by growth in Europe and "rest of world" geographies.

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.