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HCL Info posts Q2 profit at Rs81.4cr

HCL Info posts Q2 profit at Rs81.4cr
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First Published: Tue, Jan 29 2008. 12 21 AM IST
Updated: Tue, Jan 29 2008. 12 21 AM IST
New Delhi: Noida-based HCL Infosystems Ltd, a hardware, distribution and system integration firm, on Monday posted net profit of Rs81.4 crore, up 7% sequentially, for its second quarter ended 31 December. Revenues for the period were Rs3,306 crore, up 11% over the previous quarter, driven by its system integration and personal computer business,
The firm does system integration work across nine areas and bagged new orders this quarter worth over Rs300 crore across telecom, railways, banks, power and airports. ”These new system integration orders will add to our revenues in the future. Telecom is another area that will continue to grow,” said Ajai Chowdhry, chairman and chief executive officer of the firm.
Revenue from telecom and office automation business was Rs2,395 crore this quarter. In 2006, HCL, which was the exclusive distributor of Nokia in India, agreed to give half the Indian distribution area to Nokia. The division became effective this quarter. ”Telecom will grow faster, going ahead, now that we have completed the integration of territory,” Chowdhry said.
Reuters contributed to this story.
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First Published: Tue, Jan 29 2008. 12 21 AM IST