HCL Infosystems revenue declines in FY14

Friday 29 August 2014 | 14:07 CET | News
HCL Infosystems, an India-based ICT systems and hardware company, has reached total revenue of INR 17.3 billion for the fourth quarter of FY 14 and INR 78.5 billion for the full year FY14. Full-year revenue represents a drop of INR 14.45 billion from FY13, almost all of which was due to the declining HCL computing products business and change of business model on other Hardware business as a part of restructuring strategy that was announced by the company. Services business generated revenue of INR 7.16 billion in FY 14, which represents a year-on-year growth of 19 percent, while non-telecom

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Categories: IT
Companies: HCL Infosystems
Countries: India
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