HCL Infosystems Reports Consolidated Revenue of Rs. 2,606 Crores

HCL Infosystems reported a consolidated revenue of Rs. 2,606 crores for the fourth quarter of 2012.

Revenue from hardware products and solutions was Rs. 1,092 crores, a growth of 57 percent. Services business revenue was Rs 136, only seven percent growth. Learning business revenue was Rs. 14 crores and distribution business was Rs. 1421 crores.

Consolidated losses after taxes were only Rs. 38 crores, mainly due to unfavorable exchange rate fluctuation.

“We had some positive developments this quarter with our enterprise PC business and tablet business registering healthy growth,” Harsh Chitale said, the CEO of HCL Infosystems Ltd.

“Our services business including infrastructure management services, facility management services and enterprise application services continued to witness positive traction in the market. Also I am happy to note that our UIDAI engagement as the managed service provider has got off to a good start. Our learning business too notched up focused growth with the addition of a number of Digischool classrooms as well as with the foray into the B2C space.”

The fourth quarter saw a positive showing for HCL Infosystems. Profitability was impacted due to receivable impairment and unfavorable exchange rates, though most of the business grew by 44 percent. Multiple areas grew as they gained new contracts, such as infrastructure management services, facility management services and enterprise application services contracts. Cloud computing grew with new engagements in mobility, field force automation and intranet space.

HCL Infosystems’ product and service portfolio grew as well, focusing on digital entertainment distribution and IT distribution due to deals with Dell, Huawei, Edgecore, De Longhi and “a leading tablet brand.”

HCL Infosystems Ltd, founded in 1976, is an Indian hardware, services and ICT systems integration company offering computing, storage, networking, security, telecom, imaging and retail products and services.