HCL Infosystems Posts Revenue of Rs. 1,002 Crore in Q2FY17

NEW DELHI, October 28, 2016 /PRNewswire/ --

Enterprise Focus Continues to Support Growth and Profitability Improvement 

Quarter Highlights 

• 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.

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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."

Enterprise Business 

Domestic Business 

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.

Global Business 

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.

Consumer Business 

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,

Awards & Recognitions 

• HCL Infosystems won CMO Asia Award for Brand Excellence in the 'Telecom Service Category'
• HCL Infosystems recertified as Cisco 'Gold Certified Partner'

Media Contact:
Tanay Gogoi
[email protected]
+91-9971179400
HCL Infosystems