HCL Infosystems Q2 net down 11 p.c. YoY

NEW DELHI, INDIA: India's information enabling and ICT System Integration company HCL Infosystems Ltd has reported a consolidated revenue of Rs.. 3027.5 crore for the quarter ended September 30, 2009, against Rs. 3,098.45 crore in the corresponding period a year ago.

The company's consolidated net profit was at Rs. 58.97 crore for the quarter, 10.77 per cent down, compared to the same period a year ago. The company reported services revenue of Rs.. 146.7 crore for the quarter, a Y-o-Y growth of 12 per cent.

The board of the company has declared an interim dividend of 75 per cent at the rate of Rs. 1.5 a piece, on shares of face value of Rs. two, the company said in a press release.

While profit before tax for the quarter stood at Rs.. 83.0 crore, consolidated profit after tax for the quarter was Rs.. 59.0 crore.

Commenting at the results announcement Ajai Chowdhry, chairman & CEO, HCL Infosystems Ltd said that the year gone by had witnessed a major turmoil in the global economic scenario across the globe as well as in India.

“The ICT market in India has since de-grown due to a host of reasons including global slowdown, currency fluctuation and the political situation. However, with improving sentiments across the world, we have seen the Indian ICT market picking up sequentially over the last two quarters.”

The quarter also witnessed HCL unveiling initiatives like ‘Bharat PC’, new youth centric ‘ME’ campaign, which the company intends to continue to invest in.

The company was also ranked No.1 by DQ –IDC ‘Best Employers 2008 -09', the release said.

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