Hcl Infosystems

HCL Infosystems up 8% after promoter transfers 47% stake via Gift Deed

Shiv Nadar and Roshni Nadar Malhotra hold 3,055 shares and 2,893 shares respectively, in the company, as per the filing

HCL Infosystems Q3 results: Losses down to Rs 5.25 cr, revenue rises 30.14%

HCL Infosystems has reported narrowing of losses to Rs 5.25 crore in the December quarter. The IT system integration and solutions company had posted losses of Rs 9.30 crore in the year-ago period, according to a company filing. Revenue from operations tanked 30.14 per cent to Rs 5.70 crore in the third quarter of the ongoing fiscal year, as against Rs 8.16 crore a year earlier. Sequentially, revenue declined 16 per cent. "During this quarter, the company continued to focus on actions and initiatives aimed at realising our long outstanding receivables and minimising operational losses," HCL Infosystems Manager Raj Sachdeva said. The business has continued to face challenges in obtaining timely customer acceptance and sign-offs for completed projects, leading to delays in receiving payments, a company statement said. As a result, though the number of contracts reaching closure has increased, there has been no significant progress in recovering outstanding receivables from ...

HCL Infosystems posts Rs 5 crore profit in Q2 on exceptional gain

HCL Infosystems on Tuesday reported a net profit of Rs 4.84 crore for September quarter 2023-24, helped by exceptional items gain. In the year-ago period, the company incurred a loss of Rs 10 crore. Total income in the quarter was Rs 14.5 crore. In the year-ago period, it was Rs 13.68 crore, according to a BSE filing by the company. Revenue from operations in the quarter under review stood at Rs 5.99 crore. In the year-ago period, it was Rs 6.93 crore. "HCL Infosystems registers Rs 5.99 crore revenue with operating loss of Rs 7.12 crore in Q2FY24," the company said. Systems integration and solutions business reported revenue of Rs 4.91 crore. The profit before tax after considering exceptional items was Rs 4.84 crore. The exceptional item gain was at Rs 11.9 crore in Q2FY24. "As stated in our earlier releases, the company has initiated arbitration proceedings against certain customers where acceptance, sign-offs and payments are held up for a long time," the company said. It ad

Dixon Tech, Optiemus, HCL Info rally 8-9% on laptops, tablets import curbs

Dixon Technologies surged 8 per cent to its intra-day high of Rs 4,467 apiece. HCL Infosystems rallied 9 per cent to a high of Rs 17.40 and Optiemus Infracom jumped 8 per cent

HCLTech joins hands with Intel and Mavenir for enterprise 5G solutions

The three will develop cloud-native E2E architecture of an Intel Xeon processor-based 5G solution, leveraging Mavenir RAN, Intel SmartEdge, and HCLTech's management and automation services

HCL Infosystems posts consolidated loss at Rs 10 cr in Sept quarter

IT company HCL Infosystems on Tuesday posted a consolidated loss of Rs 10 crore in the second quarter ended September. The company had posted a consolidated profit of Rs 13 crore in the same period a year ago, it said in a regulatory filing. According to the auditor's note, HCL Infosystems group has accumulated losses and its net worth has been fully eroded as on September 30, 2022. The group's current liabilities exceeded its current assets by Rs 489.84 crore during the July-September period. HCL's revenue from operations more than halved to Rs 6.93 crore during the quarter under review from Rs 15.54 crore in the corresponding period of the preceding year.

HCL Infosystems posts Rs 13.07-crore net profit for September quarter

The IT company on Tuesday reported a consolidated net profit

HCL Infosystems names Alok Sahu as CFO; to succeed Kapil Kapur

HCL Infosystems on Wednesday said its Chief Financial Officer Kapil Kapur has resigned from the company. The company's Board of Directors has named Alok Sahu to succeed Kapur for the position of CFO with effect from June 1, 2021, a regulatory filing said. "... we submit that Mr KapilKapur, CFO of the company has informed the company about his resignation from the said position with the company with effect from the closing hours of May 31, 2021 to pursue other opportunities & interests," it said. Alok Sahu, a chartered accountant by profession, is a finance professional who has over 25years of experience in spearheading financial and accounting functions, the filing said. He has been associated withHCL Infosystems since 1995.

HCL Infosystems September quarter loss widens to Rs 83.71 crore

IT firm HCL Infosystems on Friday reported widening of its loss to Rs 83.71 crore for the quarter ended September. The company had posted a loss of Rs 39.92 crore in the year-ago period, HCL Infosystems said in a regulatory filing. Consolidated revenue from operations for the quarter under review decreased to Rs 131.57 crore from Rs 581.77 crore in the year-ago period, it added. The losses are primarily as a result of delayed receipts on certain system integration contracts, certain historical low margin contracts, slow-down of distribution businesses and finance costs, the filing said . In a statement, HCL Infosystems said its Systems Integration and Solutions business reported a revenue of Rs 24 crore in the second quarter of FY21, while that from the distribution business was at Rs 109 crore. "The company has recognised upfront loss of Rs 24.4 crore during the quarter on UIDAI MSP contract in Systems Integration business," it said. No revenue has been considered against this c

HCL Infosystems Q1 loss narrows to Rs 36.86 cr, revenue down at Rs 105.7 cr

Distribution business revenue in the June 2020 quarter was about Rs 70 crore, while that from system integration and solutions business stood at about Rs 36 crore

Covid-19 impact: HCL Infosystems Q4 loss widens to Rs 70.94 crore

For the full year, its loss stood at Rs 136.33 crore, while revenue was at Rs 1,815.17 crore in FY20, the company added in a statement

HCL Technologies does better than most rivals in Q4; revenue rises 16%

Like some of its peers, the Noida-based company did not provide a full-year guidance given the current global uncertainty

HCL Tech, TCS in fray to clinch $100-mn IT outsourcing deal from Fonterra

Fonterra is New Zealand's largest firm with an annual revenue of more than NZ 20 billion

HCL Infosystems appoints Rangarajan Raghavan as managing director

Raghavan started his career with HCL in 1978 and since then has been with the organisation

GST demand: HCL Infosystems tells bourses it has got Rs 312-cr tax notice

An additional interest and equivalent amount of penalty has also been imposed separately under the CENVAT Credit Rules

HCL Infosystems plans rights issue aggregating to Rs 500 cr

The total number of equity shares to be issued is 10,61,90,299

HCL Infosystems to raise Rs 500 cr via rights issue

HCL Infosystems, IT services and distribution services arm of HCL Enterprise, said the company's board has approved a plan to raise up to Rs 500 crore from its existing shareholders."Board (of HCL Infosystems) in a meeting held on August 29, 2017 has considered and approved the recommendations of its Capital Raising Committee to go for a rights issue of shares to existing shareholders of the Company as a mode of raising equity capital aggregating up to Rs. 500 crores," said the company in a note to the BSE. With the announcement, the company's stock price gained 1.7 per cent or Rs 0.8 to close at Rs 47.80 on Tuesday on the BSE. As on June 30, 2017, promoters and promoters group held 58.04 per cent of HCL Infosystems shares. The company, which reported a net loss of Rs 55.12 crore on revenues of Rs 684.2 crore in Q1, last week announced that it would distribute Apple products, including iPhone, in the Indian market.It had signed a non-disclosure agreement with Apple India on December .

HCL Infosystems gets board nod to raise Rs 500 cr from shareholders

Last week, HCL-Insys said it will distribute Apple products, including iPhone, in the Indian market

HCL Info gains 9.5% on plan to distribute Apple products

In July, it said it was in discussions with US-based tech giant to distribute its products in India

HCL Infosystems up 17% post distribution agreement with Apple India

The stock surges 17% to Rs 50.50 on BSE in early morning trade on back of heavy volumes.