Reports standalone revenue for the quarter at Rs. 1317 crores
HCL Infosystems non-telecom distribution business achieved a 12% Q-o-Q and 25% Y-o-Y growth, revealed its financial results for the third quarter ended March 31st, 2014.
Harsh Chitale, MD and CEO, HCL Infosystems Limited, commented, “Distribution and Services, our focused growth areas have registered healthy traction. Our portfolio diversification strategy in Distribution continues to yield results as our non-telecom distribution business achieved a 12% Q-o-Q and 25% Y-o-Y growth.”
“Though our Telecom Distribution business did register a decline in topline, the gross margin expanded on account of increase in scope of engagement. As part of a new initiative, the Telecom Distribution business enrolled 88 new rural distributors in JFM Quarter that will further strengthen its footprint in the country,” he added.
Its Enterprise Services also grew by 8% Q-o-Q and 9% Y-o-Y on account of growth in its order book across India, MEA and South-East Asia. While its Break fix Services gained positive traction as a provider of multi-vendor technology support services, the Managed Services expanded its overseas foothold with a large contract in South East Asia.
HCL’s hardware-solutions businesses on which it has decided to reduce focus on, are transitioning as per plan. However, business model transitions for these businesses led to repositioning charges in the current quarter and may impact next quarter as well.
HCL Care, which provides after-sales and support services to end consumers and OEMs in Telecom, consumer electronics and appliances space, continued its expansion with near doubling of revenues of a Y-o-Y basis and 13% Q-o-Q growth. The business, with one of the most extensive service networks across the country, has expanded scope of OEM relationships with Delonghi, Lenovo and Lava. It also added 14 Walk-in-Centers under the “TOUCH” brand taking the total number of TOUCH walk-in centers to 268 across India.
