Declared Third Interim Dividend of Rs. 2/- per share, 100% on an equity share of par value of Rs. 2/- each.
HCL Infosystems Ltd, India’s premier Information enabling company today announced its un-audited results for the quarter ended March 31, 2007.
The company has reported consolidated revenues of Rs. 2954.3 crores (USD 673.1 Mn) during the quarter ended March 31, 2007, taking the YTD 9 months consolidated revenues to Rs. 8747.1 crores (USD 1993.0 Mn), a growth of 5 % over the corresponding period of the previous year.
Consolidated profit before tax for the quarter was Rs. 106.7 crores (USD 24.3 Mn), taking the YTD 9 months consolidated profit before tax to Rs. 305.1 crores (USD 69.5 Mn), a growth of 7 % over the corresponding period of the previous year.
Consolidated profit after tax for the quarter was Rs. 88.0 crores (USD 20.0 Mn), taking the consolidated profit after tax for the YTD 9 months to Rs. 231.1 crores (USD 52.6 Mn), a growth of 10 % over the corresponding period of the previous year.
Computer Systems business revenues during the quarter were Rs. 724.4 crores (USD 165.0 Mn), taking the YTD 9 months revenues to Rs. 1940.8 crores (USD 442.2 Mn), a growth of 12 % over the corresponding period of the previous year.
PBIT of Computer Systems business for the quarter was Rs. 42.9 crores (USD 9.8 Mn) and the YTD 9 months PBIT was Rs. 118.0 crores (USD 26.9 Mn), up 29 % Y-o-Y.
Telecommunication & Office Automation business revenues during the quarter were Rs. 2226.1 crores (USD 507.2 Mn), taking the YTD 9 months revenues to Rs. 6790.0 crores (USD 1547.0 Mn), a growth of 4 % over previous period.
PBIT of Telecommunication & Office Automation business for the quarter was Rs. 69.1 crores (USD 15.7 Mn) and the YTD 9 months PBIT was Rs. 192.9 crores (USD 44.0 Mn), up 7 % Y-o-Y.
Consolidated EPS for the YTD 9 months was Rs. 13.7 per share as against Rs. 12.5 per share in the corresponding period of the previous year, a growth of 9 %.
The Board of Directors has declared quarterly Third Interim Dividend of Rs. 2/- per share (100 % on an equity share of par value of Rs. 2/- each)
Consequent to the Scheme of arrangement becoming effective, the accounts of the Company on Standalone basis for the quarter and nine months ended March 31, 2007 include the results of Telecommunication and Office Automation business for nine months ended March 31, 2007 and hence are not comparable.
Conversion rate: 1 USD= 43.89 INR
Mr. Ajai Chowdhry, Chairman and CEO, HCL Infosystems Limited, commenting on the results for the quarter ending March 31, 2007 said, “HCL’s initiatives in tapping the strong underlying potential of the domestic IT market continued to yield results this quarter too. The quarter also marked HCL stepping into high-end ICT education &training domain with the opening of HCL Career Development Centers in seven cities.”
“Demonstrating once again its commitment to introduce the latest computing technology in India, simultaneous to its global launch, HCL shipped out the first shipment of Windows Vista-loaded desktops and notebooks and became the first PC vendor to do so in India. HCL also expanded its range in Notebooks by introducing HCL’s ‘Non-Stop Series’ Leaptops equipped with the unique ‘Embedded Control & Continuity ‘ (EC2) technology.”
In the last quarter, HCL announced its venture in to high-end ICT education & training with the launch of seven new HCL Career Development Centres in Agra, Meerut, Chandigarh, Barielly, Delhi, Kolkatta, & Chennai. The key differentiation that HCL CDCs provide are the specially designed courses in high-end Software, Hardware and Networking integration to groom and transform students into industry-ready ICT professionals. With large-scale deployment of mission critical ICT networks, there will be a paucity of professionals and hence the company has ventured into the field of IT career development with an objective to meet the increasing demand for skilled professionals from organizations across the country.
Achieving a major milestone in introducing environment-friendly computers in India, HCL the largest manufacturer of personal computers in the country, this quarter announced the introduction of a complete lineup of eco-efficient consumer and business notebooks that are compliant with the RoHS (Restriction of Hazardous Substances) directive.
The quarter witnessed setting up of eight new HCL Digilife stores at Ahmedabad, Panipat, Kolkata, Varanasi, Pune, Vijaywada, Jalandhar and Delhi.
HCL achieved a global first by exclusively launching the soundtrack from Oscar-nominated film ‘Water’ on Apple iPod for the first time anywhere in the world.
Adding glamour to the notebooks, HCL recently launched a wide range of notebook ‘Skinns’, with various designs like cars, abstract designs, nature, landscapes etc., which are available directly at HCL stores and even be ordered online athttp://talk2hcl.in/skinns/ourcollection.asp These ‘Skinns’ can also be customized according to individual requirements.
In a promotional endeavor to strengthen its relationship with the channel partners HCL offered some very exciting promotional schemes like ‘Sona Chandi Dhamaka’, where partners are entitled to gold & silver based on volumes of sales. It also launched a partner portal for them http://www.talk2hcl.in/channelpartner.htm which could give them an online update of their claims.
HCL extended its range of notebook computers with a new series aptly named HCL ‘Non-Stop Series’ Leaptops, equipped with the unique HCL EC2 technology i.e. the ultra-swift self-healing PC technology. Under its ‘Value beyond GHz’ campaign, the company announced the wide availability of its new notebook range featuring this revolutionary ‘Embedded Control & Continuity’ technology (EC2) in the heartland of India, including towns in Uttar Pradesh and Gujarat.
In the Corporate space major orders were received from leading names across industry verticals including corporates, government, BFSI segments. A large project enabling computerization of village panchayats in 2600 villages across Tamil Nadu from Electronic Corporation of Tamil Nadu Ltd. (ELCOT) was rolled out successfully this quarter.
The assignment for computerization of 700 branches and managing the Network Operating Centre of a leading Insurance company has been bagged by HCL. Also HCL has won the order for computerizing 400 + branches & 100+ extension counters of a leading bank in the quarter gone by.
In the retail segment HCL introduced innovative ‘Prepaid Concepts Through Smart Cards’ for one of the leading retail shopping malls of the country. This automated solution is a step towards the making shopping a hassle – free cashless transaction experience. Through this solution the end user is given access to a smart card, which is pre-loaded with some cash value, and the amount gets deducted from the card based on the transactions done. Smart cards are more secure than the typical credit or debit cards, which normally have magnetic stripes, making them easy for duplication. The secured smart cards are also easy-to-handle for both the customers as well as the sellers.
During this quarter, the imaging segment achieved excellent growth across all its offerings. HCL bagged large orders for Multi-function products and Printers from government departments such as Judiciary, Police and Education departments. It also won a large order for Projectors and copiers to be installed in Navodaya Vidyalayas across India. HCL bagged orders for its Audio Video System Integration from leading corporates & its latest new initiative, Document Management Solutions has been very well received by PSUs and corporates. Launching a new initiative this quarter, HCL introduced an array of complete end-to-end networked signage solutions called the Digital Dynamic Signage Solutions.
HCL launched the PALOMINO, a SIP based virtual IP PBX. A Virtual PBX in the form of a software component can help an enterprise eliminate investments in proprietary equipment. This state of the art SIP IPBX Voice Server brings in new IP Telephony benefits for an enterprise along with all legacy PBX features. It offers interoperability with any type of SIP equipments in the market & also offers media gateway support to all types of connections to the external world.
The telecom segment continued to do well and bagged orders for its Video Conferencing & Broadcasting initiatives from corporates, govt. and the education segments. For a leading global MNC, HCL created a complete online tele-education broadcast centre for training purposes. The broadcast studio comprised of Sony cameras, Video tape recorders, microphones, professional display monitors etc. This enabled the trainer at Bangalore to address the employees at his own office and other offices nationwide, simultaneously. Also HCL has designed a studio comprising of Sony high-end multicamera set-up, editing stations etc., for tele-education through distance learning where the studio is connected online to all participating universities nationwide.
In the mobile handset business, Nokia carried on its dominance in this quarter also. This quarter was heavy on high-powered retail and trade promotions of various types as also a variety of new product launches.
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