Companies net profit fell to 22.28 billion rupees ($333.58 million) in the three months ended March 31.
According to industry reports, the cloud storage market size is estimated to grow from USD 23.76 Billion in 2016 to USD 74.94 Billion by 2021, at a CAGR of 25.8 percent from 2016 to 2021.
Indian software services exporter HCL Technologies Ltd posted a 9.9 per cent fall in its fourth-quarter net profit on Wednesday, hurt by higher expenses.
Net profit fell to 22.28 billion rupees ($333.58 million) in the three months ended March 31, from 24.73 billion rupees in the same period a year earlier, HCL said.
Analysts on average had expected the company to post a net profit of 22.60 billion rupees, according to Thomson Reuters data.
Revenue from operations rose 2.2 per cent to 131.78 billion rupees.
The company said it expected revenue in the current year to rise 9.5 per cent-11.5 per cent in constant currency terms.
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