Revenue from Telecommunication and Office Automation
business for the quarter was Rs 1768 crores, taking the revenue for year to Rs
7805 crore.
Inflationary pressures leading to aggressive interest
rate escalation has also played an integral role in slowing down the economy
and the desired growth momentum. Led by a volatile environment in the country
today, the capacity expansion in most sectors has momentarily taken a back seat
with IT sectors like System Integration, IT product and Services been affected
in the domestic markets with the slow Government project execution and decision
process.
But I see this having only a short term impact, as with
the emerging broadband ecosystem, leading to technologies like cloud services,
mobility and steps taken by the Government with the new Electronics policy and
focus on R&D, have great potential to be big growth drivers in the long
run. As HCL Infosystems begins its new year, I am confident that our rigorous
execution plans will show results and build a strong organisation over the next
2-3 years for the future,” said Ajai Chowdhry, founder HCL and chairman, HCL
Infosystems.
Systems Integration
business continued to be severely impacted by slow down in projects and
customer decision cycles.
The recently inducted
businesses like Learning more than doubled and we also did exceedingly well
with successfully establishing presence in new growth areas such as remote
services and emerging markets in Middle East and Africa.
HCL Infosystems has
embarked on a transition phase. With the companywide business excellence
program currently underway, we are putting relentless efforts to re-align the
organisation to drive cost and working capital efficiencies and to re-position
it for future growth opportunities. Over the next 12-15months we expect these
efforts to result in terms of bottom-line as well as cash flow performance,”
said Harsh Chitale, chief executive officer, HCL Infosystems.
By Telecomlead.com Team
[email protected]
