HCL Infosystems announced its financial results for the first quarter ended September 30th, 2013.
Harsh Chitale, Chief Executive Officer and Managing Director, HCL Infosystems Limited, commenting on the results said, “Our Scheme of Arrangement on Restructuring has become effective from 1st Nov 2013. Under the restructured organization, the Company’s businesses of Solutions, Services and Learning stand transferred to the wholly-owned subsidiaries - HCL Infotech Ltd., HCL Services Ltd, and HCL Learning Ltd. respectively. The restructuring would now enable us to have undivided focus and attention on our key growth engines - Distribution and Services business. Our Distribution business witnessed a Q-o-Q growth of 13% backed by robust growth of our Telecom Distribution revenues. Continued growth of our Telecom Distribution since last two quarters is a testimony that the revamped product portfolio of our Principal is now gaining positive traction in the market. At the same time, our mome…
Harsh Chitale, Chief Executive Officer and Managing Director, HCL Infosystems Limited, commenting on the results said, “Our Scheme of Arrangement on Restructuring has become effective from 1st Nov 2013. Under the restructured organization, the Company’s businesses of Solutions, Services and Learning stand transferred to the wholly-owned subsidiaries - HCL Infotech Ltd., HCL Services Ltd, and HCL Learning Ltd. respectively. The restructuring would now enable us to have undivided focus and attention on our key growth engines - Distribution and Services business. Our Distribution business witnessed a Q-o-Q growth of 13% backed by robust growth of our Telecom Distribution revenues. Continued growth of our Telecom Distribution since last two quarters is a testimony that the revamped product portfolio of our Principal is now gaining positive traction in the market. At the same time, our mome…