Enterprise focus continues to support growth and profitability improvement
- Overall revenue declined from Rs. 1,148 Cr in Q1 to Rs. 1,002 Cr in Q2
- Enterprise business revenue grew 8% Y-o-Y and sequentially reduced PBIT Loss from Rs 28 Cr in Q1 to Rs. 18.5 Cr in Q2
- Marginally improved consolidated Profit / (Loss) before interest and tax to Rs. (3.3) Cr in Q2 from Rs (4.5) Cr in Q1
- Consolidated Profit / (Loss) before Tax at Rs. (49.1) Cr in Q2 vs Rs. (45.8) Cr in Q1 primarily due to higher finance cost
HCL Infosystems, one of India’s premier IT Services, Distribution and Digital Solutions Company, today announced its financial results for the second quarter ended September 30, 2016.
Mr. Premkumar, Executive Vice-Chairman and Managing Director, HCL Infosystems Ltd., commenting on the results said, “Our thrust on the Enterprise Business continues to deliver and despite headwinds from our Consumer Business, the contraction of loss is aligned to our turnaround journey. Augmented emphasis around SI project execution and commercial enablement for payment realization is a critical focus area ahead.”
We have aligned a strong GTM across emerging technology areas and the same is seeing positive client traction. Our investment in a state of the art remote support center is also completed. We are well poised to leverage these investments as the muted environment improves.
The Global Services business in this quarter continued its positive momentum with a steady profitable business in Singapore and good traction in the Middle East. We have reached a critical milestone in a security & surveillance SI project for a utility company.
In Singapore, our customers continue to repose their confidence in us and we have renewed the contracts successfully for an extended period of time. Our customer satisfaction is best among peers and clearly eliciting further positive traction with our customers.
The headwinds in the Consumer business due to portfolio gaps and product availability have impacted significantly (6% Q-o-Q decline in revenue).
System Integration (SI) & Solutions
The SI & Solutions business registered revenue of INR 76 Cr in Q2 FY2017, with orders worth Rs. 90 Cr executed during the quarter. During the quarter, HCL Infotech completed implementation of e-PDS Solution in Andamans, issuing smart ration cards.
Awards & Recognitions
- HCL Infosystems won CMO Asia Award for Brand Excellence in the ‘Telecom Service Category’
- HCL Infosystems recertified as Cisco ‘Gold Certified Partner’
About HCL Infosystems
HCL Infosystems is one of India’s premier IT Services, Distribution and Digital Solutions Company, enabling organizations attain and sustain competitive advantage by leveraging Information and Communication Technologies. It offers a comprehensive portfolio of capabilities spanning IT & System Integration services, digitally-enabled learning to value-added distribution of technology, mobility and consumer products. For more information, please visit us at www.hclinfosystems.in; follow HCL Infosystems on Twitter at @HCLScribes
Founded in 1976 as one of India’s original IT garage start-ups, HCL is a pioneer of modern computing with many firsts to its credit, including the introduction of the 8-bit microprocessor-based computer in 1978 well before its global peers. Today, the HCL enterprise has a presence across varied sectors that include technology, healthcare and talent management solutions and comprises four companies – HCL Infosystems, HCL Technologies, HCL Healthcare and HCL TalentCare. The enterprise generates annual revenues of over US$ 7 billion with more than 105,000 employees from 100 nationalities operating across 31 countries, including over 500 points of presence in India. For further information, visit www.hcl.com