HCL Infosystems announced its Q2 results ended December 31, 2009 reporting a 12.41% dip in net profits to Rs 57.50 crore when compared on a sequential basis.
Revenues however rose 0.82% to Rs 3007.80 crore in Q2 December 2009 over Q1 September 2009.
The Board of the company announced an Interim Dividend of Rs 2 per share.
Commenting on the results Mr. Ajai Chowdhry, Chairman and CEO, HCL Infosystems said, “With global markets getting better and the domestic market responding favorably, the year ahead looks promising. The quarter witnessed realignment of our vision and mission in line with our transformation journey that we undertook a few years back. The new youth centric campaign ‘ME’ has received a positive response so far and I am sure with sustained investments and aggressive marketing, we will continue to build excitement for products and grow our market share. The quarter had our focus on introducing innovative products however; the PC hardware growth remained below expectations. I am confident that the steps taken and our refreshed vision will bear greater results in the near future.” |