Telecom and PC pull down HCL Infosystems’ revenue by 20%, net loss at Rs 12 crore

Infotech Lead India: Telecom distribution and PC businesses have pulled down HCL Infosystems’ Q3 FY 2013 revenue by 19.8 percent to Rs 2,095 crore from Rs 2,612 crore.

The telecom distribution business registered a decline of 26 percent q-o-q. The IT and DE Distribution revenue grew by 87 percent y-o-y.

HCL Infosystems’ net loss during the third quarter was Rs 12.1 crore against net profit of Rs 23 crore in the same quarter previous fiscal.

HCL Infosystems distributes Nokia handsets in India.

HCL Infosystems CEO Harsh Chitale said: “The decline in revenues this quarter was primarily due to a dip in our telecom distribution business as also a stagnant personal computer industry.”

Its PC business has won large bids from CHiPS (Chhattisgarh Infotech and Biotech Promotion Society), Punjab Education Society and SBI (State Bank of India).

HCL has also won CHiPs for the Government of Chhattisgarh project for free distribution of laptops to final year engineering and medical students of Government-aided and private colleges across the state. This is the first phase of the project, where HCL Infosystems is supplying 14,000 laptops.

Enterprise services rose by 11 percent, non-telecom distribution grew by 34 percent, mobility numbers rose by 50 percent and learning by 33 percent q-o-q.

Full result

HCL Infosystems’ revenue from hardware products and solutions business was Rs 816 crore.

Revenue from services business was Rs 147 crore.

Revenue from learning business was Rs 18 crore.

Revenue from distribution business for the quarter was Rs. 1,149 crore.

Its mobility business won a substantial order from Worldvision for Mobile Device Management (MDM) along with ME Tablets.

Its office automation (OA) business signed Interactive Whiteboard (IWB) order from Himachal Pradesh- Higher Education Board, Audio-Video Systems Integration (AVSI) orders from Securities and Exchange Board of India and Larsen &Toubro, Multi Function Display (MFD) order from Reliance Communications among others.

The infrastructure solutions (ISS) business achieved 30 percent revenue growth. The business won Security Solution (Anti DDoS – Distributed Denial of Service) order from a department under the MoC&IT (Ministry of Communications and Information Technology, Government of India).

The company’s financial inclusion business bagged orders from leading institutions such as Central Bank of India (RRB), Punjab National Bank, Dena Bank (RRB), Sarv UP Gramin Bank and Gurgaon Gramin Bank.

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