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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