Friday, January 28, 2011

BWI: HCL Infosystems on a growth path, Net profit up by 18% QoQ

Press release from Business Wire India
Source: HCL Infosystems Ltd
Friday, January 28, 2011 06:18 PM IST (12:48 PM GMT)
Editors: General: Economy; Business: Financial Analyst, Information technology, Major diversified industrial groups, Stock exchanges; Technology
--------------------------------------------------
HCL Infosystems on a growth path, Net profit up by 18% QoQ


Noida, Delhi, India, Friday, January 28, 2011 -- (Business Wire India) -- . Bagged Systems Integration Orders of over Rs. 455 crores during the quarter
. Revenue from Computer Systems business for the quarter was Rs. 1040 crores; up 44% Y-o-Y & 16% sequentially
. Revenue from Telecommunication and Office Automation business for the quarter was Rs. 2104 crores; down 10% Y-o-Y & up 1% sequentially
. Revenue from Office Automation and Digital Entertainment business for the quarter was Rs. 376 crores; up 24% Y-o-Y & 22% sequentially
. Revenue from Telecom Distribution business for the quarter was Rs. 1726 crores; down 14% Y-o-Y & 1% sequentially
. Board of Directors declared 100% quarterly Interim dividend. This is the 30th continuous quarter for dividends.

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
. Employee strength grew to 7260 professionals as on December 31, 2010
. Overseas expansion through inorganic growth in high potential emerging markets
. Acquired 20% equity stake in a Dubai-based Telecom company for distribution of Nokia smartphones in Middle East and Africa
. Consolidated service offerings, SPA signed for subsidiary Infinet with an increased focus on strengthening its core business areas and expand into identified growth areas
. Expansion of existing Software Development Centre at Jaipur
. Achieved India's First LEED IC Platinum certification for HCL Green Data Center
. Forayed in the kids entertainment market with ME gaming consoles and ME Kids Educational Computers
. Committed to sustainability, further invested in the development of green products

Key developments and growth programs

System Integration
. Bagged an order from a leading telecom company for consolidating bill delivery mechanism in North & West zone
. Bagged an order for design, installation and maintenance of border check post and central control room infrastructure for a state government
. Other orders included ERP order from a state government under Directorate of Technical Education for the implementation of MIS in 100 colleges, an order from Indian Railways for providing Converged Solutions, order to implement an emergency response system for a state police etc.

HCL Learning (Education & Learning division of HCL Infosystems)
. HCL Learning further strengthened and recorded good growth
. Bagged HP Sarva Sikhsha Aviyaan project worth Rs. 40 Cr approximately
. Signed over 100 schools and 1000 classrooms under its HCL Learning Digischool program

. Various programs were launched like ' Xcelerate', to provide Live Video Learning for various competitive examinations, Project Kaushal to provide vocational IT training for Indian Army, an order from a State Electronics Corporation for setting up 788 Language Lab and licenses for language labs to conduct the courses in Govt. Schools etc.

Enhancing PC adoption
. Bagged an order from
. Kerala State Electronics Development Corporation Ltd. for IT@School Project by the Government of Kerala to provide over 6500 laptops and netbooks
. Assam Electronics Development Corporation Ltd. by the Government of Assam to provide over 7000 laptops and netbooks.
. Alliance with Ernakulam District Co-operative Bank to provide interest free Computer Loans
. New desktop based on Intel H55 and Intel Q57 chipsets were rolled out
. Launched HCL ME Laptop 75 and HCL ME Series 08, 3G capable netbook

Expansion of Overseas Business with HCL Infosystems MEA

. HCL Infosystems MEA signed a multi-million dollar agreement with Mercator, to manage IT infrastructure for flydubai
Digital lifestyle - New products added to the portfolio
. Digital Lifestyle business added new products to its portfolio of consumer electronics and mobile accessories - Signed distribution agreement with HP PSG India for the HP DreamScreen400
. Launch of Nokia C7 and much awaited Nokia N8 was well received

Awards and Accolades
. Mr. Ajai Chowdhry conferred Padma Bhushan by the President of India for his outstanding contribution to the industry
. Mr. Ajai Chowdhry awarded with 'CNBC Asia Business Leader Viewer's Choice Award 2010'
. Mr. Ajai Chowdhry honoured with 'India Innovator of the Year Award' at the 6th edition of the CNBC TV 18 India Business Leader Awards 2010
. Mr. Ajai Chowdhry, Chairman, conferred with Honoris Causa Doctorate of Science (D. Sc.) by IIT Roorkee
. HCL Infosystems achieved India's First LEED IC Platinum certification for HCL Green Data Center
. Received ELCINA-EFY Award 2009-10 for Environmental Management
. Hcl Infosystems awarded CXO Award 2010 - The IT Chapter in the category of Indian Hardware Brand of the Year 2010
. Gained world-wide 2nd rank in the latest Green Peace rankings with a rating of 7.1

About HCL Infosystems

HCL Infosystems Ltd, with revenue (LTM) of US$ 2.6 billion (Rs.12,221 crores) is India's premier hardware, services and ICT systems integration company offering a wide spectrum of ICT products that includes Computing, Storage, Networking, Security, Telecom, Imaging and Retail. HCL is a one-stop-shop for all the ICT requirements of an organisation. India's leading System Integration and Infrastructure Management Services Organisation, HCL has specialised expertise across verticals including Telecom, BFSI, eGovernance & Power. HCL has India's largest distribution and retail network, taking to market a range of Digital Lifestyle products in partnership with leading global ICT brands, including Apple, Cisco, Ericsson, Kingston, Kodak, Konica Minolta, Microsoft, Nokia, Toshiba, and many more. HCL today has India's largest vertically integrated computer manufacturing facility with over three decades of electronic manufacturing experience & HCL desktops is the largest selling brand into the enterprise space. With India's largest ICT services network that reaches to every corner of India, HCL's award winning Support Services makes it the preferred choice of enterprise and consumers, alike. HCL Infosystems has a 100% subsidiary that addresses the physical security technology system integration market. The subsidiary leverages technology to build a security framework called 'Safe State' that safe guard's life, infrastructure & society. For more information please visit us at www.hclinfosystems.in

Result Highlights

About HCL

HCL is a $ 5.5 billion leading global technology and IT enterprise comprising two companies listed in India - HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups. A pioneer of modern computing, HCL is a global transformational enterprise today. Its range of offerings includes product engineering, custom & package applications, BPO, IT infrastructure services, IT hardware, systems integration, and distribution of information and communications technology (ICT) products across a wide range of focused industry verticals. The HCL team consists of over 71,000 professionals of diverse nationalities, who operate from 29 countries including over 500 points of presence in India. HCL has partnerships with several leading Global 1000 firms, including leading IT and technology firms. For more information, please visit www.hcl.com

Please click on the link mentioned below to view the HCL Q2 FY 11 Results:

HCL Q2 FY 11 Results
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Result Highlights.doc
Result Highlights.doc
http://www.BusinessWireIndia.com/attachments/HCL Q2 FY 11 Results.xls
HCL Q2 FY 11 Results.xls


CONTACT DETAILS
Ashutosh Bhattacharya, HCL Infosystems Ltd, + 919811920415, ashutosh.bhattacharya@hcl.in
Rashi Mehrotra, Hanmer, +919958594111, rashi.mehrotra@hanmermsl.com
Richa Chauhan, Hanmer, +919999492599, richachauhan@hanmermsl.com

KEYWORDS
ECONOMY, Financial Analyst, IT, GROUPS, STOCK EXCHANGES, TECHNOLOGY

If you wish to change your Business Wire India selection please click on this link http://www.businesswireindia.com/media/news.asp and use your personal username and password to login.

Submit your press release at http://www.businesswireindia.com

No comments:

Post a Comment