Published on January 28, 2011
New Delhi: HCL Infosystems India’s premier Hardware, services and ICT Systems Integration, Hardware and Distribution Company today announced financial results for its second quarter ended December 31, 2010.
Mr. Ajai Chowdhry, Chairman, HCL Infosystems Limited, commenting on the results said – “We are clearly investing in the future and as we do so a new face of HCL Infosystems is unraveling with each day. This steady transformation has led the company reinvent itself, consistently winning various prestigious projects that are going to play an integral role in fueling our country’s growth engine. Where we continue to focus and carry the baton of the need of Made in India, Made For India Product Engineering, R&D and manufacturing with creating IPs, today the company has emerged as a leading System Integrator with a host of solutions catering to areas like eGovernance, power, telecom, education & learning and security etc. As we’re growing business, there are investments being made for capacity building along with seeking opportunities to both grow organically and inorganically. We recently did another strategic acquisition in Middle East and are actively looking at inorganic growth with a focus to expand both the geographical presence and further enhance our IT services capability”
“With sustainability an important pillar of our growth we have been very particular about the way we do business. HCL Infosystems was recently conferred one of the top Green Companies globally by Greenpeace and I am proud to say that this quarter HCL Infosystems achieved India’s First LEED IC Platinum certification for HCL Green Data Center”
Mr. Harsh Chitale, Chief Executive Officer, HCL Infosystems Limited, commenting on the results said – “This quarter has witnessed our growth programs kicking in with us ending it with an all time high order book. There have been some key wins in the System Integration space across sectors further strengthening our order pipeline and on the other hand our computer hardware business has also recorded good growth. We have also taken some portfolio decisions like disinvestment in HCL Infinet which are intended to not only further consolidate our offerings but to also increase focus on the indentified strategic growth areas.”
“Talking about our education business, HCL Learning has opened a big market for us, responding well with recording good growth during the quarter and also showing healthy signs with rapid order bookings. I am confident with renewed focus and consistent investment in these growth areas the organisation will soon be on the growth trajectory it has set for itself”
The company’s charter of expansion led by transformation in the Services and System Integration business has resulted in the introduction of new practices, new products through IP creation for diverse System Integration solutions. The expansion strategy also involves tapping emerging sectors and aggressively augments services, exports and inorganic growth through possible mergers and acquisition.
Investing in the future
Key developments and growth programs
System Integration
HCL Learning (Education & Learning division of HCL Infosystems)
Enhancing PC adoption
Expansion of Overseas Business with HCL Infosystems MEA
Digital lifestyle – New products added to the portfolio
Awards and Accolades
Results Highlights
Rs. Crores | Unaudited | Unaudited | |||||
Q2 FY10 | Q2 FY11 | Y-o-Y % | H1 FY10 | H1 FY11 | Y-o-Y % | ||
Consolidated Revenue | 3,054 | 3,154 | 3% | 6,082 | 6,144 | 1% | |
Consolidated PBT | 78 | 80 | 3% | 161 | 154 | -4% | |
Consolidated PAT | 56 | 56 | 0% | 115 | 103 | -10% | |
Consolidated Services | 179 | 227 | 27% | 324 | 409 | 27% | |
Segment Information | |||||||
Computer Systems & Other Related Products and Services | |||||||
Rs. Crores | Unaudited | Unaudited | |||||
Revenue | Q2 FY10 | Q2 FY11 | Y-o-Y % | H1 FY10 | H1 FY11 | Y-o-Y % | |
Systems Integration | 107 | 222 | 107% | 247 | 415 | 68% | |
Learning | 6 | 24 | 323% | 14 | 35 | 152% | |
Overseas Operations | 0 | 95 | 0 | 182 | |||
Computing Business | 619 | 705 | 14% | 1,287 | 1,330 | 3% | |
Intersegment / Adjustments | -10 | -6 | -9 | -23 | |||
Computer Systems & Other Related Products and Services | 722 | 1,040 | 44% | 1,539 | 1,939 | 26% | |
PBIT | Q2 FY10 | Q2 FY11 | Y-o-Y % | H1 FY10 | H1 FY11 | Y-o-Y % | |
Computer Systems & Other Related Products and Services | 28 | 45 | 60% | 76 | 81 | 6% | |
Telecommunication & Office Automation | |||||||
Rs. Crores | Unaudited | Unaudited | |||||
Revenue | Q2 FY10 | Q2 FY11 | Y-o-Y % | H1 FY10 | H1 FY11 | Y-o-Y % | |
Telecom Distribution | 2,012 | 1,726 | -14% | 3,960 | 3,476 | -12% | |
Digital Entertainment | 187 | 202 | 8% | 343 | 354 | 3% | |
Office Automation | 116 | 174 | 50% | 231 | 331 | 43% | |
HCL Security | 8 | 8 | 4% | 13 | 20 | 52% | |
Intersegment / Adjustments | 6 | -7 | 3 | 0 | |||
Telecommunication & Office Automation (Net) | 2,329 | 2,104 | -10% | 4,550 | 4,181 | -8% | |
PBIT | Q2 FY10 | Q2 FY11 | Y-o-Y % | H1 FY10 | H1 FY11 | Y-o-Y % | |
Telecommunication & Office Automation | 57 | 57 | 0% | 113 | 111 | -2% |
The Board of Directors has declared 100% quarterly Interim dividend. This is the 30th continuous quarter for dividends. (100% on an equity share of par value of Rs. 2/- each)
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