New Delhi, Feb. 1 : HCL Infosystems, one of India's premier IT Services, Distribution and Digital Solutions Company, has announced its financial results for the third quarter ended December 31, 2016.
â€¢ Overall Revenue of Rs. 765 Crore in Q3
â€¢ Enterprise Business continues to grow with revenue of Rs. 490 Crore in Q3 (+5% YoY) on the back of strong order book growth
â€¢ Progress made towards project completion and receivables in the System Integration (SI) business with a collection of Rs. 200 Crore from a major Defence Project
â€¢ Consolidated Profit / (Loss) before Tax at Rs. (65.8) Cr in Q3
â€¢ Consumer Business readies for Multi-Brand Telecom Distribution
The board of directors of the HCL Infosystems has given its approval for business restructuring of the hardware and systems integration company.
The board approved the restricting plan on Friday that was recommended by the Finance Committee. The company said that the restructuring was aimed at making sure that the management has specific focus on each of the growth areas. The restructuring will also return in a leaner organization for the company's hardware solutions business.
HCL Infosystems has announced the launch of its first Ultrasmart ME Ultrabook for the Indian market called the HCL Ultrasmart ME Series 3074.
The HCL Ultrasmart ME Series 3074 features a metal casing and a 14-inch LED-backlit display that offers a resolution of 1,366 by 768 pixels. It is less than 18mm in thickness and 1.7kg in weight.
As per fresh reports, HCL Infosystems Ltd., the country’s Premier hardware, services and ICT systems integration and distribution firm has declared its National Partnership with Cisco WebEx, for the Indian market.
The SaaS (Software as a Service) offering brought to the market by HCL Info, will be operationalized by Cisco.
HCL Infosystems has a sturdy attendance in India and will offer up Cisco WebEx via its widespread distribution channel, addressing over 500 company’s possessed touch points in addition to clients in more than 4000 towns crosswise the country.
New Delhi, Oct 27 : HCL Infosystems Wednesday reported a 19.5 percent decline in consolidated net profit at Rs. 47.46 crore for the first quarter ended Sep 30 from Rs. 58.97 crore in the year-ago quarter.
The consolidated revenue for the quarter under review stood at Rs. 2,990.7 crore.
While the revenue from computer systems business remained at Rs. 898.9 crore, the earnings from telecommunication and office automation business for the quarter stood at Rs. 53.7 crore.
HCL Infosystems recently launched O’zone – an end-to-end cloud-based computing solution service which is chiefly targeted at big enterprises, mediocre organizations and professionals. It is designed to provide the advantages of reduced capital expenses and increased data security among many other features.
It also has the benefits of green computing and a disaster or crash recovery. There will also be a 24x7 service to provide technical support and performance guidance whenever required.
HCL Infosystems declared that it has purchased a 60% equity stake in NTS Group, a leading Dubai-based IT services and solutions company.
Though HCL Infosystems did not reveal the size of the deal, according to market analysts, it was around $6.5 million.
The acquirement of NTS will now assist HCL Infosystems strengthen its attendance in the Middle East and African markets.
HCL Infosystems will establish its first unit in Kerala at the Technopark campus in Thiruvananthapuram.
Mervin Alexander, Technopark Chief Executive stated that the company will set up a research and development centre, which will cover up a two-acre plot in the Technopark campus.
The third stage of the Technopark, dedicated to IT ventures, is coming up in a region of 92 acres, out of which 22 acres would be given out to those who want their own campuses.
HCL Infosystems introduces its new range of Beanstalk Desktops on Thursday.
HCL Infosystems Executive Vice-President George Paul said that, the new series of desktops provide power-packed features, expediency in connectivity and it turnout to share enjoyable computing experience. The price quoted by the company for these desktops lies between Rs. 39, 990 and Rs. 85, 000.
Launch of this desktop is a breakthrough in home computing frontage.
Incorporated in April 86, HCL Infosystems previously known as HCL Hewlett-Packard is promoted by group of technocrats. In 86 company took over, Hindustan Computers, Hindustan Reprographics, Hindustan Instruments and Indian Computer Software Co. In 1991, the company entered into a joint venture with Hewlett-Packard Co, US, for combining the computer manufacturing, marketing and servicing activities of the company and Hewlett Packard India Pvt Ltd.
India's fastest growing healthcare chain Fortis Healthcare has signed a five-year outsourcing deal with IT major HCL Infosystems for implementing software solutions at all its facilities.
Under the arrangement, HCL will undertake complete outsourcing of IT systems and processes of Fortis Healthcare Ltd., and install software solutions at all Fortis hospitals.
The company stated in a communiqué that IT platform for all the hospitals in Fortis network will be standardized through the IT system installed by HCL within a period of twelve months, and the first hospital will go live by the end of February 2010.
HCL Infosystems, leading IT major, has decided to pump Rs 50 crore over the coming 2-3 years.
The company is making the proposed investment for re-branding its laptops as well as netbooks series under 'ME' brand.
The sources informed that HCL will put up its laptops and netbooks for sale under the 'ME' brand replacing the previous 'MiLeap' series of portable products.
The sources further informed that the conglomerate is eyeing at increasing its present 7% share to 20% over the coming 2-3 years. The new range includes seven models and can be availed in a price range between Rs 19,000-65,000.
HCL Infosystems, India's premier information enabler and leading ICT System Integrator, has registered a consolidated net profit of Rs 60.41 crore for the fourth quarter ended June 30, 2009, down by 7.26 per cent over the corresponding period a year-ago.
However, the company registered a growth of 1% in its total income, which grew to Rs 3106.33 crore during the June quarter from Rs 3090.28 crore in the same period last fiscal.
HCL Infosystems, India's premier information enabling company, is planning to raise Rs 825 crore through the issue of securities.
The company officials has notified that it would raise Rs 500 crore through the issue of securities in domestic or international markets, while another Rs 325 crore will be raised through the allotment of warrants to the company's promoters.
The various means of securities for raising funds will include equity shares, American depository receipts, global depository receipts, foreign currency convertible bonds and bonds with share warrants attached.
HCL Infosystems, India's premier information enabler and leading ICT System Integrator, has received an order worth Rs 40 crore from public sector bank State Bank of India (SBI) and associated banks to deploy, maintain and service their ATMs.
As per the agreement, HCL will deploy over 1,000 ATMs and cash dispensers with enhanced features such as Braille and support for multi-lingual content.
Many market experts are now-a-days are recommending a buy call in HCL Infosystems from a short-term perspective.