HCL Reports Growth In Major Businesses For The Third Quarter

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HCL Infosystems has  announced its financial results for the first quarter ended September 30th, 2013, and has reported standalone revenue for the quarter at Rs. 1,596 crores.

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Key Highlights of the Quarter ended September, 2013:

Distribution

HCL Telecom distribution business registered a 16% growth in Q1FY14 over Q4FY13 owing to a robust growth in the First Phone Category as well as in the Windows Phone Category. This business achieved the landmark of selling 1 million units of the first ULCH (Ultra Low Cost Handset), in the month of August 2013. 

HCL’s non-Telecom Distribution business signed many important partnerships in this quarter including Microsoft, HP, Delta, Lenovo and eScan in the IT space, and Karbonn and Lava in the Tablets space. This business appointed more than 100 new channel partners to further strengthen its distribution footprint in India. This business also achieved a landmark of selling over 100,000 tablet units in the quarter. In the Office Automation space, HCL strengthened its product portfolio by signing new partnerships with Samsung for LFDs (Large Format Displays), Huawei for Videoconferencing and Datatcard for ID card printers.

Enterprise Services

HCL Enterprise Services, now part of HCL Services Ltd, strengthened its footprint in the enterprise segment by winning many large deals and services contracts from various leading corporate and government customers. Enterprise Services business saw Y-o-Y growth of 15% in this quarter.

HCL Learning

 HCL Learning business launched three innovative products, MyIIT Tutor, MyEduWorld and Easy SRP (School Resource Planning). This quarter HCL Learning expanded its footprint to Nepal, Oman & Nigeria adding renowned schools like Indian Language School, Lagos, Nigeria and Ullens School, Nepal. HCL Learning added many new customers such as St. Xaviers High School, Sri Shrdi Sai Vidya Niketan-Ravi Educational Society, Kongu Vellalar Higher Secondary School and many more in India. 

Hardware & Solutions

HCL Enterprise Solutions, now part of HCL Infotech Ltd. business, faced headwinds due to exchange rate volatility of as high as 15% during the quarter which resulted in a large exchange rate loss and also impacted gross margins of the hardware solutions business. This business also continued to be challenged with project delays and overdue receivables with many public sector customers. In view of such headwinds, this business continued to be extremely selective in pursuit of new deals. HCL landmark project, Unique Identification Authority of India (UIDAI) – MSP Program, has now crossed 40 crore Aadhaar cards generation mark. 

HCL Mobility (Tablet) Business registered good growth in the MEA market and HCL also launched many new tablets – Sync 1.0, Connect V3 and Connect 3G 2.0 each in the non-calling, 2G & 3G categories respectively.

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