HCL Infosystems posts Rs 35.7 cr net loss in Q1

Mumbai, July 30 (IANS) HCL Infosystems said on Saturday that it posted net loss of Rs 35.7 crore for the April-June quarter of 2016-17.

In a regulatory filing to the BSE, the company said that the total revenue in the quarter under review was at Rs 1,148 crore, which is a growth of 7 per cent quarter-on-quarter.

The revenue from the enterprise business, which contributes 50 per cent of the company’s revenue, was at Rs 573 crore compared to Rs 556 crore in previous quarter.

“Our continued thrust and investments in the enterprise business has resulted in robust growth for the fourth quarter in succession. The mobility business also showed a positive trajectory in this quarter, together the same has enabled improved profitability,” said HCL Infosystems Executive Vice-Chairman and Managing Director Premkumar.

–IANS

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