HCL Info Q1 net down by 19.5 p.c YoY

NEW DELHI, INDIA: HCL Infosystems on Wednesday reported a 19.5 percent decline in consolidated net profit at Rs.47.46 crore for the first quarter ended September 30 from Rs.58.97 crore in the year-ago quarter. In the previous quarter it had a profit of Rs 67.23 crore.

The consolidated revenue for the quarter under review stood at Rs.2,990.7 crore.

While the revenue from computer systems business remained at Rs.898.9 crore, the earnings from telecommunication and office automation business for the quarter stood at Rs.53.7 crore.

HCL Info wins Rs 400 mn govt deal

The company added 295 people with over 100 in research and development, taking the headcount to 7,000.

HCL is planning to invest over Rs.40 crore in a project to upgrade solutions and applications across the organisation.

The company also declared an interim dividend of Rs.2 per equity share of Rs.2 each for the financial year 2010-11.

At the Bombay Stock Exchange, the shares of the company were trading 2.87 percent down at Rs.115.25.