HCL Infosystems Reports Revenue of Rs 1,084 Crore in Q2 FY 2019
Deepthi | Myequity news | Date : 25-10-2018 16:50:00 IST
HCL Infosystems, India’s premier Distribution, IT Services & Solutions Company, today announced its financial results for the quarter ended September 30th, 2018.
Business Highlights of Continuing Operations
∙Q2 FY19 revenue at Rs. 1,084 Crore vs. Rs. 1,129 Crore in Q1 FY19 and Rs. 754 Crore in Q2 FY18
∙Distribution business revenue at Rs. 936 Crore in Q2FY19 vs. Rs. 986 Crore in Q1FY18
∙Enterprise Distribution revenue was at Rs. 414 Crore in Q2FY19 vs Rs. 457 Crore in Q1FY19
∙Consumer Distribution revenue was at Rs. 522 Crore in Q2FY19 vs. Rs.529 Crore in Q1FY19
∙Loss before interest, tax and exceptional items was Rs. 2.8 Crore in Q2FY19 vs. Rs. 6.4 Crore in Q1FY19
∙Revenue from discontinued operations in Q2FY19 was Rs. 9 Crore and Profit before tax was Rs. 0.7 Crore.
Mr. Rangarajan Raghavan, Managing Director, HCL Infosystems Ltd., commenting on the results said, “Our Distribution business continues to maintain its steady journey in this quarter. The overseas services business in Singapore did well this quarter also. We are moving forward as per our roadmap of focusing on our core businesses of Enterprise & Consumer Distribution.”
The Board of Directors on 15th October, 2018 approved the decision to sell most of the company’s operations in the Middle East. These include operations in Dubai, Abu Dhabi and Qatar. About HCL Infosystems:
HCL Infosystems is a Distribution, IT Services, and Solutions Company, enabling organizations attain and sustain competitive advantage by leveraging Information and Communication Technologies. It offers a portfolio of capabilities spanning IT & System Integration services to value-added distribution of technology, mobility and consumer products.
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.