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HCL Infosystems crosses $1 billion revenues
By siliconindia staff writer
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Tuesday, 19 April 2005, 19:30 IST
BANGALORE:HCL Infosystems Ltd has become the fourth Indian IT services company to cross the $1 billion barrier when it announced $1.2 billion consolidated revenue for nine months ended March 31.
It has posted a net profit after tax of 
41.31 crore for the quarter ended March 31, 2005 The company has reported a consolidated revenue of Rs 2011.8 crores during the quarter ended March 31, 2005 as against Rs 1192.5 crores in the corresponding quarter of the previous year, a growth of 69%.
Profit before tax is Rs 83.1 crores as against Rs 65.6 crores in the corresponding quarter of the previous year, a growth of 27 percent.
Revenue from the Computer Systems business is Rs 537.0 crores as against Rs 424.1 crores in the corresponding quarter of the previous year, a growth of 27 precent. Profit before interest and taxes are at Rs 43.0 crores as against Rs 40.0 crores in the corresponding quarter of the previous year, a growth of 8 percent.
The Board of Directors has recommended the sub-division of the Companys equity share of Rs 10 each into 5 equity shares of Rs 2 each, subject to the approval of the shareholders through a postal ballot.
The Board of Directors has declared a third quarterly Interim dividend of Rs 7 per share (70 percent on an equity share of par value of Rs 10 each).
"Our results speak for themselves. Even as our revenues exceed a record $1 billion in just nine months, what is more gratifying is seeing the immense hard work put in by every HCL employee translate into the phenomenal growth of the company," said Ajai Chowdhry, Chairman and CEO, HCL Infosystems. "Our leadership position in both the enterprise and consumer segment is a result of our continued focus in technology and enhancing service offers to consumers. Our strategy of taking IT to the masses by exploring new territories has also contributed to our growth".
41.31 crore for the quarter ended March 31, 2005 The company has reported a consolidated revenue of Rs 2011.8 crores during the quarter ended March 31, 2005 as against Rs 1192.5 crores in the corresponding quarter of the previous year, a growth of 69%.
Profit before tax is Rs 83.1 crores as against Rs 65.6 crores in the corresponding quarter of the previous year, a growth of 27 percent.
Revenue from the Computer Systems business is Rs 537.0 crores as against Rs 424.1 crores in the corresponding quarter of the previous year, a growth of 27 precent. Profit before interest and taxes are at Rs 43.0 crores as against Rs 40.0 crores in the corresponding quarter of the previous year, a growth of 8 percent.
The Board of Directors has recommended the sub-division of the Companys equity share of Rs 10 each into 5 equity shares of Rs 2 each, subject to the approval of the shareholders through a postal ballot.
The Board of Directors has declared a third quarterly Interim dividend of Rs 7 per share (70 percent on an equity share of par value of Rs 10 each).
"Our results speak for themselves. Even as our revenues exceed a record $1 billion in just nine months, what is more gratifying is seeing the immense hard work put in by every HCL employee translate into the phenomenal growth of the company," said Ajai Chowdhry, Chairman and CEO, HCL Infosystems. "Our leadership position in both the enterprise and consumer segment is a result of our continued focus in technology and enhancing service offers to consumers. Our strategy of taking IT to the masses by exploring new territories has also contributed to our growth".