HCL Infosystems ends the quarter with over Rs.4,000 Crore
HCL Infosystems has announced financial results for its first quarter ended September 30, 2010. The company's charter of expansion led by transformation in the Services and System Integration business has resulted in the introduction of new practices, new products through IP creation for diverse System Integration solutions. The expansion strategy also involves tapping emerging sectors and aggressively augments services, exports and inorganic growth through possible mergers and acquisitions.Ajai Chowdhry, Chairman, HCL Infosystems Ltd., commenting on the results, said, "Over the last quarter, HCL Infosystems has successfully ventured into new markets and enhanced vertical expertise to sustain company's transformation journey with solutions-centric practices through specialized products. With the company expanding into the Middle East market through its subsidiary, HCL Infosystems, MEA will not only reach out to a large customer base but also further build capacity to develop and deliver world-class solutions." He further said, "With Harsh Chitale taking over the role of CEO, HCL Infosystems is all set to take its system integration expertise to newer boundaries and replicate the Indian ICT success story in other emerging markets globally."Some of HCL Infosystems future investing plans, among others, are: Overseas expansion through inorganic growth in high-potential emerging markets, Addition of over 200 Domain specialists in the R&D and product development space and Investing close-to Rs.40 crore in a project to upgrade SAP ERP systems across the organization.