New Delhi, July 26 (IANS) HCL Infosystems Ltd on Wednesday reported Rs 685 crore revenue for the first quarter (Q1) of the 2017-18 fiscal, registering 17 per cent sequential decline from Rs 823 crore a quarter ago.
"Though our enterprise business revenue grew to Rs 582 crore in Q1 from Rs 566 crore quarter ago in Q4 of fiscal 2016-17, consumer business revenue sequentially declined 58 per cent to Rs 69 crore due to transition to multi-brand business from single brand," said the Noida-based company in a statement here.
Loss before interest, tax and exceptional items was sequentially flat at Rs 22.9 crore from Rs 22 crore a quarter ago.
Loss before tax and after exceptional items, however, reduced sequentially to Rs 66.5 crore from Rs 131.9 crore a quarter ago.
"Our enterprise business has been maintaining its growth, while in the consumer business we are steadfast in transition to a multi-brand business model from single-brand," HCL Infosystems Managing Director Premkumar said in the statement.
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.