HCL Infosystems reports Q2 financial results ending Dec'11

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

HCL Infosystems has announced its financial results for the second quarter ending December 31st 2011.

Harsh Chitale, Chief Executive Officer, HCL Infosystems Limited said, "Due to the ongoing challenging environment, business growth in this quarter has not been as per expectations. We have been affected like the rest of the industry on account of uncontrolled circumstances like rupee depreciation and natural calamities like floods in Thailand which has led to a scarcity of computer components and thereby impacted market availability and also increased costs. However we are committed to our journey of transformation and confident that persistent efforts through our company wide excellence program 'Aspire' will deliver results in times to come. Multiple steps are being taken for concrete realignments and synergies to shape our internal business processes and workings."


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