HCL Infosystems announces quarterly results

BANGALORE, INDIA: HCL Infosystems today announced that the company has made a profit after tax (PAT) of Rs. 66.1 crore for the quarter ended September 30, 2008.

The company’s consolidated revenue for the quarter was posted at Rs. 3125.8 crore, said a press release. Consolidated services revenue for the quarter was Rs. 142.1 crore, a growth of 47 per cent over the corresponding quarter of the previous year.

Revenue from Computer Systems business for the quarter was Rs. 875.9 crore as against Rs. 761.4 crore in the corresponding quarter of the previous year, a growth of 15 per cent.

Revenue from Telecommunication and Office Automation business for the quarter was Rs. 2257.1 crore. Consolidated EPS for the year ended September 30 2008 was Rs. 3.9 per share.

The Board of Directors has declared quarterly Dividend of Rs. 2- per share. The company has declared 100 per cent quarterly dividend in last 14 quarters, the release added.

According to  Ajai Chowdhry, chairman and CEO, HCL Infosystems Ltd, “ICT infrastructure is no more an optional automation or efficiency enhancement device for enterprises. Today it has become an infrastructure that business and enterprises cannot do without.”

He said information technology is playing a much larger role in economic development. “Going forward, our hardware business, distribution business and the system Integration business will provide resilience to the organization. We have built our system integration capabilities and have grown the business in diverse sectors. This will help in steady growth,” he added.

This quarter, HCL announced the launch of its exclusive, by invitation retail program the ‘HCL PREMIER LEAGUE’. This program aims to strengthen the relationship with retailers by working closely with them in promoting HCL Leaptops and by offering a wide spectrum of benefits and advantages, the release added.

The company bagged over Rs. 700 crores worth of orders, during the first quarter.