Quarter on Quarter Business Highlights
- Q1 FY18 revenue was Rs. 685 Crore vs. Rs. 823 Crore in Q4 FY17
- Enterprise Business revenue grew from Rs. 566 Crore in Q4 FY 17 to Rs. 582 Crore in Q1 FY 18
- Consumer
Business recorded revenue of Rs. 69 Crore in Q1, decline due to
transition from single brand to multi brand business model
- Loss before interest, tax & exceptional items is Rs. (22.9) Crore vs. Rs. (22.0) Crore in the preceding quarter
- Loss before tax and after exceptional items reduced to Rs. (66.5) Cr vs. Rs. (131.9) Cr in the preceding quarter
HCL
Infosystems, India’s pioneer IT Services, Solutions & Distribution
Company, today announced its financial results for the quarter ended
June 30, 2017.
Mr. Premkumar, Executive Vice-Chairman and Managing Director, HCL Infosystems Ltd., commenting on the results said, “
The
planned focus on the Enterprise Business has been maintaining its
growth course while in the Consumer Business we are steadfast in our
transition from single-brand to a multi-brand business model. Both are
integral to the company’s onward transformation journey.” Enterprise BusinessThe
core Enterprise Business (consisting of Enterprise Products
Distribution, Domestic Enterprise Services, Global Enterprise Services
and Care Services) continued on its positive growth track. The focus of
the company in building capabilities in emerging technologies resulted
in further strengthening of its portfolio in this segment through
partnerships such as with Parablu to offer Cloud data protection and
management solutions to enterprises across the country. The Enterprise
Products Distribution business continued its consistently robust
performance with 10% growth in QoQ and 11% in YoY revenue. In the
quarter, the business launched a comprehensive Channel Partner program
to provide promotional and financial incentives to its partners. Higher
sales were also achieved from channel partners. The Enterprise Services
business (comprising Domestic Services, Global Services and Care
Services) clocked revenue of Rs. 212 crore in Q1 FY18 with a revenue
decline of 8% QoQ. The decline in revenue can be partly attributed to
the Office Automation Consumables business being regrouped with the
Enterprise Distribution business due to better business synergies. Also
ongoing contract rationalization for profitability improvement impacted
revenues in this business.
Consumer DistributionThe
Consumer Distribution business is focused on new tie-ups with leading
telecom OEMs as part of its Multi-Brand Telecom Distribution strategy.
Though there have been ongoing discussions with OEMs, the ongoing
transition from a single-brand into a multi- brand distribution has
impacted revenues. Revenue declined 58% from Rs. 163 Crore in Q4 FY17 to
Rs. 69 Crore in Q1 FY18.
System Integration (SI) & SolutionsThe
SI and Solutions business registered revenue of Rs. 40 Crore during the
first quarter of FY18. The total order book size stood at Rs. 715 Crore
as on 30
th June 2017. The focus remained on completion of
major projects and collection of receivables even as projects valued at
Rs. 60 crore were billed in this quarter. The flagship UIDAI project
crossed the milestone of enrollment of more than 115 crore Aadhaar
cards.
Other Highlights (AMJ Q1 FY2018)
- HCL Insys
Pte Ltd. (the Singapore based Global Services arm of HCL Infosystems)
won Quality Excellence Award for ‘Best Customer Service Results’ at the
Golden Globe Tigers Awards held in Malaysia. The company was felicitated
internationally for its improvement initiatives on Customer
Satisfaction.
- HCL Infosystems was named as one of the ‘Most
Admired Brand in Indian ICT Industries’ at the INFOTECH FORUM 2017 held
in New Delhi.
About HCL Infosystems HCL
Infosystems is India’s pioneer IT Services, Solutions &
Distribution Company providing the choice of multi-brand global
technology products and the capability of best-in-class,
business-aligned IT services and solutions. Our offerings portfolio
spans IT and System Integration services, value-added distribution of
enterprise technology and consumer mobility products by helping our
clients across industries to attain and sustain competitive business
edge we aim to be ‘Your Technology Lifecycle Partner’. For more information, please visit us at www.hclinfosystems.in; follow HCL Infosystems on Twitter at @HCLScribes About HCL 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 three companies - HCL Infosystems,
HCL Technologies and HCL Healthcare. The enterprise generates annual
revenues of over US $7.5 billion with more than 120,000 employees from
140 nationalities operating across 32 countries, including over 500
points of presence in India. For further information, visit www.hcl.com
