HCL Infosystems Ltd. (HCL Insys), India’s premier Information enabling company, today announced its audited results for the financial year ended June 30, 2006.
The Company has reported consolidated revenue of Rs. 11455.0 crores (USD 2569.5 Mn.) during the year ended June 30, 2006 as against Rs. 7787.2 crores (USD 1746.8 Mn.) in the previous year, a growth of 47%. Profit before tax is reported at Rs. 385.3 crores (USD 86.4 Mn.) as against Rs. 296.0 crores (USD 66.4 Mn.) in the previous year, a growth of 30%
Revenue from the computer systems business is Rs 2381.4 crores (USD 534.2 Mn.) as against Rs 1970.9 crores (USD 442.1 Mn.) in the previous year, a growth of 21%. Profit before interest and taxes is at Rs 125.5 crores (USD 28.2 Mn.).
Revenue from the Telecommunication & Office Automation business is Rs 9049.8 crores (USD 2030.0 Mn.) as against Rs 5779.3 crores (USD 1296.4 Mn.) in the previous year, a growth of 57%. Profit before interest and taxes is at Rs 244.0 crores (USD 54.7 Mn.).
Basic EPS during the year ended June 30, 2006 is Rs. 16.7 (USD 0.4) per share of Rs. 2/- each as compared to Rs 13.7 (USD 0.3) per share during previous year.
The Company has reported consolidated revenue of Rs. 3149.7 crores (USD 706.5 Mn.) during the quarter ended June 30, 2006 as against Rs. 2198.5 (USD 493.2 Mn.) crores in the previous year, a growth of 43%. Profit before tax is reported at Rs. 99.8 crores (USD 22.4 Mn.) as against Rs. 75.9 crores (USD 17.0 Mn.) in the previous year, a growth of 32%
Computer systems business is cyclical in nature and is subject to seasonality specially based on government buying pattern, which normally peaks in the Jan – March quarter.
Revenue from the computer systems business is Rs 653.0 crores (USD 146.5 Mn.) as against Rs 534.6 crores (USD 119.9 Mn.) in the corresponding quarter of the previous year, a growth of 22%. Profit before interest and taxes is at Rs 33.8 crores (USD 7.6 Mn.).
Revenue from the Telecommunication & Office Automation business is Rs 2489.7 crores (USD 558.5 Mn.) as against Rs 1655.3 crores (USD 371.3 Mn.) in the corresponding quarter of the previous year, a growth of 50%. Profit before interest and taxes is at Rs 63.0 crores (USD 14.1Mn.)
The Board of Directors has recommended a final dividend of Rs 2/- per fully paid up share, taking the total dividend for the year 2005-06 to 400%.
The turnover of the company on “standalone” basis during the year ended June 30, 2006 is Rs 2381.4 crores (USD 534.2 Mn.) and the Profit after tax is reported at Rs. 113.2 crores (USD 25.4 Mn.). The company reported a turnover of Rs. 653.0 crores (USD 146.5 Mn.) during the quarter ended June 30, 2006.The Profit after tax is reported at Rs. 26.9 crores (USD 6.0 Mn.).
USD Conversion Rate 44.58
Announcing the results, Mr. Ajai Chowdhry, Chairman and CEO, HCL Infosystems, said, “Yet again, this year has been a landmark year for all of us at HCL, as we continued to make bold inroads to strengthen our technology leadership and conquer new avenues for growth. Foraying into notebooks, creating ‘technological verticals’ by developing industry-specific products, continuing developmental initiatives to enhance overall PC penetration and drawing the future roadmap to spearhead digital lifestyle era in the nation – it has been a busy year of achievements & milestones for HCL. And as we enter into the current year, which incidentally marks our 30 years of pioneering technology, we would continue to define the contours of Indian ICT industry – even more passionately than ever.”
The 30 years Milestone:
HCL touched another milestone this year along with touching the lives of so many Indians, by completing 30 years of its operations on 11th Aug 2006. Last thirty years have witnessed tremendous changes in India – in fields of economy, business as well as technology. And keeping pace with it, HCL today has already established its leadership in the IT infrastructure & technology enablement segment. HCL has developed one of the widest & most extensive service & support infrastructure for ICT technology in the country. The dream conceived in 1976 by the founders is a leading reality today in the Indian IT industry.
– HCL designed and introduced a micro-computer in 1978, same time as Apple and three years ahead of IBM PC – literally HCL is a global pioneer.
– Till date, HCL is the largest manufacturer & marketer of desktops in the Indian IT market.
– HCL was the first PC manufacturer to develop specific products for rural India and has a repertoire of pioneering technologies such as pedal-power PC etc.
– HCL has perhaps the widest ICT offerings under a single brand umbrella – ranging from state-of-the-art PCs to high end servers & network integration equipment to software design consultancy and lot more.
Key Initiatives of HCL:
In one of the most defining initiative, HCL announced its robust foray unleashing Digital Lifestyle revolution in the country. Consolidating its comprehensive offerings in digital technology – which includes cell phones, media center PCs, MP3 cameras, host of digitized office automation solutions – HCL entered into strategic tie-ups with Dishtv (Zee TV) & Apple to render the support of its extensive distribution & service strength to Dishtv’s DTH & Apple’s iPod – thus offering a complete spectrum of digital technology solutions. Just as HCL spearheaded the PC revolution, it plans to now make digital lifestyle a part of every Indian’s vocabulary. Besides an extensive product offering, HCL has plans for an extensive pan-India establishment of HCL ‘Digital Lifestyle’ stores. To be enchristened as ‘HCL Digilife’ – these stores would offer a complete & ‘experiential’ panorama of digital technology products – ranging from a cell phone to an integrated network solution.
Continuing its technology leadership, HCL also became the first Indian PC manufacturer to launch products with revolutionary technologies such as Intel ‘Dual-2-Core’ processors, Intel Itanium processors and Intel Xeon 5000 series processors. Further still, it created a new industry benchmark by further expanding the market through proactive identification & development of products to suit specific ‘industry segments’ – such as revolutionary BeePOS solutions for the retail sector, SD2 Technology enabled PCs & host of ‘trusted technology infrastructure’ products for the Indian BPO-IteS segment and even in notebooks – where HCL became the first-ever laptop manufacturer to offer ‘segment specific’ notebooks.
No wonder then, that HCL retained the market leadership in total desktop shipments in FY’05-06 (for the fifth year in row) and registered 12% faster growth than the market. (IDC’s India Quarterly PC Market Tracker, 1Q 2006)
In the Corporate business space HCL showed remarkable growth, winning new customers from leading corporates, education, defence, insurance majors, private & public sectors, banks etc
HCL was selected by IDBI Ltd, Mumbai to provide the ICT infrastructure for its 100+ new retail branches. This system integrated ICT platform addressed the total computing, networking and office automation needs of IDBI for the branches. The order involved system integration of client computing environment to the core banking applications, using state-of-the-art & leading edge networking technology solutions.
In the networking space, HCL has rolled out the MPLS technology in the backbone in partnership with Cisco which will enable to offer Technology Agnostic Network Services, covering IP, ATM / FR and MPLS, meeting customers’ precise application requirements.
The imaging business of HCL showed a remarkable growth over the last year. The company maintained the No.1 position in market share in the Multi Function Devices and Multimedia Projectors markets. It won the largest Multi Function Devices order deal of the year from Tamilnadu Police.
A number of new products and solutions were added to HCL’s imaging products portfolio such as Laser Printers, Production Plan Printers, Video Conferencing Solutions, Video Walls, AV System Integration solutions etc. In the quarter gone past, HCL signed up with Hitachi to distribute their plasma and projectors to consolidate the existing market share.
With phenomenal additions in the GSM subscriber base in the last quarter the company continued to witness growth in Nokia handsets.
About HCL Infosystems
HCL Infosystems, India’s premier information enabling and integration company offers its customers technology solutions across multiple platforms. It has partnerships with some leading global player like Intel, AMD, Toshiba, Ericsson, Microsoft, Nokia, Apple and Zee among others.
HCL Infosystems has direct customer services center across 300+ locations and two ISO 9001 certified state-of-the-art manufacturing facilities. With a mission to provide world-class information technology solutions and services to enable its customers to serve their customers better, HCL Infosystems is forever setting new standards of IT in the country. For more information please visit us at www.hclinfosystems.in
About HCL Enterprise:
HCL Enterprise is a leading global technology and IT enterprise with annual revenues of USD 3.5 billion. The HCL Enterprise comprises two companies listed in India – HCL Technologies & HCL Infosystems. The 3-decade-old enterprise, founded in 1976, is India’s original IT garage start-up. Its range of offerings span Product Engineering, Technology and Application Services, BPO, Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products. The HCL team comprises 36,949 professionals of diverse nationalities, who operate from 16 countries including 300 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information please visit us at www.hcl.in