HCL INFOSYSTEMS LTD

Article Abstract:

HCL Infosystems Ltd of Noida in Uttar Pradesh has declared its audited financial results for the year ended June 30, 1998. Its revenues from service sales has exceeded Rs100 crore due to its enhanced focus on SAP ERP implementation. A survey by IMRB shows that brand HCL has a 24 percent share of all branded PCs in the corporate segment and 32 percent share in the household segment. The company is in the process of setting up overseas subsidiaries in the US, UK, Singapore, Malaysia and Japan. (khr) --------------------------------------------------------- Audited Financial Results of HCL Infosystems Ltd --------------------------------------------------------- Particulars Year Ended (Rs in lakh) 30.6.1998 30.6.1997 --------------------------------------------------------- Net sales 69400.70 63789.58 --------------------------------------------------------- Other income 551.03 522.74 --------------------------------------------------------- Total expenditure 65633.40 60195.78 --------------------------------------------------------- Interest 891.51 3216.80 --------------------------------------------------------- Gross profit 3426.82 899.74 --------------------------------------------------------- Depreciation 797.10 374.75 --------------------------------------------------------- Tax 17.00 15.00 --------------------------------------------------------- Net profit 2612.72 509.99 --------------------------------------------------------- Equity share capital 3190.35 3190.34 --------------------------------------------------------- Reserves 14111.75 12025.34 ---------------------------------------------------------

Comment:

Posts increase in net profit to Rs2,612.72 lakh for year ended 6/30/98 vs net profit of Rs509.99 lakh in 1997

Sales, profits & dividends, HCL Infosystems Ltd.

---

THE SAD EFFECT UNSETTLES PC PRICING

Article Abstract:

The government had imposed an 8 percent special additional duty (SAD) on personal computers (PCs) in the 1998-99 budget. The 8 percent duty has now been reduced to 4 percent. This has created a confusion among the PC manufactures on whether or not to increase the prices of PCs. Import duties on integrated circuits, duties on stepper motors, hard disk drives, floppy disk drives and colour graphic tubes have declined while duties on key parts, populated PCs and storage items have increased. The prices of Pentium-based PCs are expected to increase while the prices of P- II based PCs are expected to decline. (rk)

Comment:

India: Government imposes 8% special additional duty on personal computers in 1998-99 budget

Taxes

---

HP-TCS JV TO MAKE SME ACCOUNTING PACKAGES

Article Abstract:

Hewlett-Packard India (HP) has entered into an alliance with Tata Consultancy Services (TCS) to provide small and medium enterprises (SMEs) with a complete accounting solution. The package will consist of an HP Brio PC bundled with the EX accounting software of TCS along with training and support at a cost of under Rs50,000. The scheme will initially be launched in seven cities and will then be extended to other cities across India. HP has also tied-up with Countrywide Finance to offer finance options to customers. (khr)

Comment:

Hewlett-Packard India (HP) has entered into an alliance with Tata Consultancy Services (TCS) to provide small and medium enterprises (SMEs) with a complete accounting solution.

Software Publishers, Financial, Acctg Software Pkgs (Micro), Strategic alliances, Accounting Computer Systems, Accounting, Financial software, Computer applications, Tata Consultancy Services Ltd., Hewlett-Packard India Ltd.

Similar abstracts:

• Abstracts: HENKEL SPIC INDIA HENKEL SPIC TO GO FOR BRAND ACCOUNTING. HENKEL SPIC AIMS AT Rs500 Cr TURNOVER IN NEW MILLENNIUM
• Abstracts: NEW KISSAN REVERSES TREND, HELPS DRIVE VOLUMES ADDON HELPS MAKE HONKING FASHIONABLE. ITC'S DESI BRANDS MAY FACE PRESSURE
• Abstracts: NO LOOKING BACK MOBIKES OVERTAKE SCOOTERS IN SALES. FENA TO TAKE LATHER OFF HLL'S NIMBU SHAKTI, PLANS AD WAR
• Abstracts: INDIA GLYCOLS LIMITED TOUGH TIMES AHEAD-MUKUND FLEXPACK. India Glycols Limited
• Abstracts: AUROFOOD TO GO NATIONAL WITH NEW DISTRIBUTION SYSTEM UNITED BISCUITS TO ENTER INDIA. GCMMF SPLITS DHARA DISTRIBUTION FROM AMUL

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.