In such times, when a slowdown in the US economy is impacting businesses worldwide, HCL Infosystems reflects back on its de-risked business strategy of spreading domestic and exports businesses that have positioned it comfortably apropos others.

Q3 (Jan-Apr) performance of each of our businesses further speaks for this business model: -

(1) Domestic Hardware and Solutions business comprising of PC's, Servers, advanced EPABX's, mobiles phones and multi function digital imaging systems etc.

This business saw good growth in most areas especially in the PC sales. The banking and education sectors have shown good growth potential for us. Our notebook sales again have done well in this quarter.

(2) Domestic Services business comprising of hardware and software maintenance services, facilities management, networking management and consultancy, system integration, security services, software implementation, development services, voice and data integration services etc.

This business has shown consistent growth with Network Consultancy and Facilities Management showing steady performances. Other services especially our Call center business has made good contributions.

(3) Export Services: It comprises of IT Consultancy, Software development and implementation, software maintenance, System Integration, Migration Consulting, E-commerce services, portal/ website development etc.

This business has shown growth in the software and services export business through ODC projects coming in this quarter from Singapore and Malaysia. These are high value projects involving knowledge of diverse technologies.

(4) Internet Services: The company provides value added internet services through its new internet subsidiary, HCL Infinet to corporate and consumers across the country like Hosting, co-location, Virtual Private Network, Asp, B2B exchanges etc. All 42 PoPs were up and running as planned in a record time of 7 months ending this quarter. The sales of corporate and consumer Internet services have started to pick up.