HCL Infosystems posts Rs 35.7 cr net loss in Q1

Image
IANS Mumbai
Last Updated : Jul 30 2016 | 5:07 PM IST

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

ag/vd

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 30 2016 | 4:56 PM IST

Next Story