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Corporate Results - Software


HCL Info net rises 33.4 pc

Our Bureau

New Delhi , Oct. 20

HCL Infosystems Ltd has posted a 33.4 per cent rise in its consolidated net profit for the quarter ended September, 2004 at Rs 43.16 crore against Rs 32.35 crore in the corresponding period of the previous year.

During the period, its consolidated gross sales stood at Rs 1,579.50 crore compared to Rs 856.12 crore in the year-ago period, a statement said.

"The board of directors has declared a quarterly interim dividend of Rs 7 per share (70 per cent on an equity share of par value of Rs 10)," it said.

Revenue from the computer systems business grew 18 per cent to Rs 394.7 crore while that from office automation and telecom business grew by a whopping 127 per cent to Rs 1,174.7 crore, the release said.

Mr Ajai Chowdhry, Chairman and CEO, said the company was able to overcome the hurdles of truckers' stir and initial confusion on taxes

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