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India's HCL Technologies Profit Fall Miserably due to Forex Loss

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Angsuman Chakraborty

Posts: 19816
Nickname: angsuman
Registered: Dec, 2003

Angsuman Chakraborty is the CEO and Chief Architect at Taragana
India's HCL Technologies Profit Fall Miserably due to Forex Loss Posted: Apr 22, 2009 3:43 AM
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Original Post: India's HCL Technologies Profit Fall Miserably due to Forex Loss
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HCL Technologies profit down by half on forex loss Indian software services firm HCL Technologies Ltd. said quarterly profits plunged by nearly half as the company battled foreign exchange losses and declining demand from financial services and telecom customers. The company said Wednesday that it earned $43.0 million in net income during the quarter ended March [...]

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