HCL Info net jumps 11.27% to Rs 67 crore

Hardware and systems integrator HCL Infosystems today posted an 11.2 per cent rise in net profit for the fourth quarter ended June 30. Net profit stood at Rs 67.2 crore, compared to Rs 60.4 crore in the year-ago quarter. Gross sales at Rs 3,234 crore were up by 3.2 per cent from Rs 3,132.9 crore in the year-ago period.

The company plans to invest up to Rs 300 crore over the next two-three years on consolidating facilities and expanding software business. “We have bought 25 acres in Greater Noida and the plan is to consolidate our properties, which are scattered across various units. Also, it will house our software business,” said HCL Infosystems Chairman and CEO Ajai Chowdhry.