HCL Infosystems Ltd, India’s premier Information enabling company today announced its un-audited results for the quarter ended December 31, 2006.
The company has reported consolidated revenue of Rs. 2968.9 crores (USD 664.5 Mn) during the quarter ended December 31, 2006 as against Rs. 2807.1 crores (USD 628.3 Mn) in the corresponding quarter of the previous year.
Profit before tax for the quarter was Rs. 104.9 crores (USD 23.5 Mn) as against Rs. 88.0 crores (USD 19.7 Mn) in the corresponding quarter of the previous year. Profit after tax was Rs. 76.0 crores (USD 17.0 Mn).
Revenue from the Computer Systems business was Rs. 652.8 crores (USD 146.1 Mn) as against Rs. 557.0 crores (USD 124.7 Mn) in the corresponding quarter of the previous year, a growth of 17%. Profit before interest and taxes was Rs. 43.9 crores (USD 9.8 Mn) as against Rs. 25.8 crores (USD 5.8 Mn) in the corresponding quarter of the previous year, a growth of 70%.
Revenue from the Telecommunication and Office Automation business was Rs. 2309.5 crores (USD 516.9 Mn) as against Rs. 2243.7 crores (USD 502.2 Mn) in the corresponding quarter of the previous year. Profit before interest and taxes was Rs. 61.5 crores (USD 13.8 Mn) as against Rs. 61.7 crores (USD 13.8 Mn) in the corresponding quarter of the previous year.
Consolidated EPS for the quarter was Rs 4.5 per share as against Rs. 3.8 per share in the corresponding quarter of the previous year, a growth of 18%.
The Board of Directors has declared quarterly Interim dividend of Rs. 2/- per share (100 % on an equity share of par value of Rs. 2/- each)
Conversion rate: 1 USD= 44.68 INR
Mr. Ajai Chowdhry, Chairman and CEO, HCL Infosystems Limited, commenting on the results for the quarter ending December 31, 2006 said, “In the last quarter, HCL consolidated its position on two key frontiers. We commissioned our second state-of-the-art integrated ICT manufacturing facility at Uttranchal, which not only makes us India’s leading PC manufacturer, but also puts HCL in a strong position to capitalize on the growing opportunities in the Indian PC market. Reaffirming our focus on PCs as center of the digital lifestyle, we launched four new desktop models with truly innovative features for the Indian market. The distribution arm also sustained its forward momentum by expanding its retail presence to 29 HCL Digilife outlets across the nation.”
This quarter saw HCL the leading PC manufacturer of India, announce its commercial production in North India at Rudrapur, Uttaranchal. This has enhanced the overall capacity of HCL. Beginning with the production of desktop computers and LCD monitors, the plant has the capability to manufacture an entire spectrum of IT products – including notebooks, servers as well as thin clients.
The new HCL manufacturing base, which was completed in record eight months, has already received its ISO 14001, ISO 9001:2000 certifications – ensuring that all HCL products manufactured here, comply with global quality standards. The facility has also boosted the development of regional economy with recruitment of more than 200 local employees.
The new HCL facility is equipped with several state-of-the-art processes as well as advanced testing techniques. These ensure that the various products coming out from HCL assembly line are uniquely equipped to face the challenging weather & extreme operating conditions in India. The unique ‘Build-to-order’ (BTO) capabilities of the manufacturing plant pioneered by HCL thirty years ago – enables HCL to manufacture ICT products with specific configurations – customized to suit the needs of particular customers, in a matter of just few hours!
Reinforcing its leadership positioning, HCL launched the future generation of digital lifestyle enablers – HCL Beanstalk 2007 Collection, this quarter. An exquisite range of four new sleek and ultra-portable PCs that promise to spearhead the transition of desktop PCs from workstations to epicenters of ‘digital entertainment’. The range includes:
- HCL Beanstalk Nano – the smallest, ultra-portable premium home PC in India with height of 42 mm and weight of 1.3 kg.
- HCL Beanstalk Lyfestyle – the first ever desktop PC to feature digital user interface on its casing, with revolutionary multi-media access features.
- HCL Beanstalk Dominator – Certified India’s most powerful gaming PC.
- HCL Beanstalk Slim – the ultra-slim, ultra-portable desktop.
All HCL Beanstalk PCs in this range are ready for Windows Vista – the new generation software standard, soon to be launched. This new range of PCs from HCL uses Intel’s Core 2 Extreme processors to deliver immense speed and responsiveness for digital media creation, high-end gaming and is aimed at market segments, which crave absolute performance.
With this range – HCL Infosystems Ltd., created marketing history in the Indian hardware sector – by becoming the first-ever PC brand to be pre-launched on select websites – before hitting the shelves of various stores nationwide.
HCL increased its stronghold in the growing Indian retail industry by emerging as the number one vendor of ‘Point of Sales ‘(PoS) solutions in India. HCL PoS offerings saw a boost with launch of 4 new models, including HCL Ambience (XP, XL & Light) and an Electronic Cash Register for low-end single shop owners.
In partnership with Toshiba, HCL introduced in India the world’s first range of eco-efficient consumer and business notebooks that are compliant with European Union (EU) RoHS (Restriction of Hazardous Substances) directive.
Redefining standards of digital lifestyle retailing, HCL has expanded its chain of exclusive Digital Lifestyle showrooms to Delhi, Ahmedabad, Hyderabad, Ambala, Kanpur, Palwal this quarter, taking the total number of outlets to 29, all over the nation.
HCL, besides being the “country’s first” for concurrent global launches of the latest computing technologies for the Indian Enterprise, launched its innovative & groundbreaking 60-second PC restoration technology EC2 this quarter.
EC2 is a technology primarily designed to minimize a system’s downtime by protecting it from unwanted and unpredictable changes & vulnerabilities of the system’s configuration, operating system, software settings, parameter settings etc. caused by viruses, user’s error, system crashes etc. The new ‘non-stop series’ of HCL ‘Leaptop’ notebooks are being shipped out with EC2 technology, a tremendous value-addition for notebook buyers.
In the enterprise segment HCL continued to win orders from leading players across major industry verticals, enabling them to leverage ICT to enhance their efficiencies & concentrate on their core business and serve their customers better.
Large projects completed include Andaman & Nicobar computerization of schools across 40 locations & 20 islands, Project for a leading bank involving implementation of core banking hardware & servers in branches across 18 islands and computerization in all departments of Andaman & Nicobar administration.
In the SMB segment, HCL partnered with ICICI to provide complete ICT solutions to small & medium enterprises, with an array of customized finance options. HCL organized an activity called SME knowledge series to reach out to the SME segment. Several such events are planned in the next few months.
In the office automation space, HCL continued to bag several orders for MFDs, copiers & printers from leading Corporates, Govt. & Hospitality segments. HCL announced a tie-up with Nipson for high-end digital production printers, with application in book printing, transactional printing and security printing this quarter.
The overall telecommunication segment witnessed a healthy growth over the corresponding quarter last year. The quarter saw some of the major wins for Voice, Video Conferencing & Broadcast solutions from new customers across diverse verticals coupled with good repeat business from existing customers.
HCL launched new Apple iPod models in the country this quarter; including iPod Shuffle 1GB in new shapes & sizes, iPod nano with colour variants in 2GB, 4GB and 8GB memory capacity and iPods in 30GB, 80GB. Apple also released the iPod shuffle 512MB exclusively through HCL at attractive price.
Awards and Recognitions:
- HCL among the Top 50 Fastest Growing Technology Companies in India & ‘Top 500 Fastest Growing Technology Companies in Asia Pacific by ‘Deloitte & Touche’.
- HCL was adjudged & awarded as the ‘Best Distributor Partner in India’ for its performance in the last six months, at the Apple Partners Meet. This speaks volumes of HCL’s expertise & distribution strength, having bagged this award in the first year of its partnership with Apple.
- ‘Best Thin Clients Technology’, Best Projector (for Infocus), Best A-3 Multifunctional Device (for Toshiba) Awards from VAR India Channel Publication.
- HCL Infosystems Ltd was adjudged and awarded as the winner by ‘`Dun & Bradstreet’ in the computer hardware and peripherals sector for the year 2006.
- HCL Infosystems Ltd was recognized as Top PC Vendor 05-06′ by Dataquest in their DQ Top 20 Annual Survey.
- HCL Infosystems Ltd. received ELCINA Quality Award 2005-06 for Technology Leadership and Innovation for India.
- HCL Infosystems Ltd was awarded the ‘Star Retailer Award’ at the Franchise India Holdings Limited Award Ceremony.
About HCL Infosystems
HCL Infosystems, with revenue (TTM) of US$ 2.7 billion (Rs. 12,155 crores), is India’s premier information enabling and system integration company. HCL offers products and infrastructure solutions in the fields of computing, communication, networking, office automation, broadcasting and imaging. It has partnerships with leading global players like Intel, AMD, Toshiba, Bull, Ericsson, Cisco, Microsoft, Nokia, Apple, Computer Associates, Casio, Symantec and Konica Minolta among others.
HCL has a direct sales, channel sales and retail sales network pan India. HCL has a support of 360+ customer service centers and four ISO 9001 certified state-of-the-art manufacturing facilities. HCL Infosystems has pan India presence across metros and non-metros. With a mission to provide world-class information technology solutions and services to enable its customers to serve their customers better, HCL Infosystems is forever setting new standards of IT in the country. For more information please visit us at www.hclinfosystems.in
About HCL Enterprise:
HCL Enterprise is a leading global technology and IT enterprise with revenues (TTM) of US $ 3.8 billion (Rs. 17,376 crores). The HCL Enterprise comprises two companies listed in India – HCL Technologies & HCL Infosystems. The 3-decade-old enterprise, founded in 1976, is India’s original IT garage start-up. Its range of offerings span Product Engineering, Technology and Application Services, BPO, Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. The HCL team comprises 43,000 professionals of diverse nationalities, who operate from 16 countries including 360 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information please visit us at www.hcl.in