Brief: HCL Infosystems Says Q3 Revenue At 4.29 Bln Rupees
27/01/2020 14:14
Jan 27 (Reuters) - HCL Infosystems Ltd HCLI.NS :
* HCL INFOSYSTEMS LTD SAYS Q3 FY20 REVENUE AT 4.29 BILLION
RUPEES
VERSUS. 5.82 BILLION RUPEES IN Q2 FY20
* DUE TO LOW MARGIN CONTRACTS, TOUGH MARKET CONDITION & CO'S
FINANCIAL POSITION, DISTRIBUTION BUSINESSES ARE INCURRING
GREATER LOSSES
* THE ENTERPRISE AND CONSUMER DISTRIBUTION BUSINESS BE
GRADUALLY
SCALED DOWN OVER THE NEXT FEW QUARTERS
Source text for Eikon: ID:nBSE53hklG
Further company coverage: HCLI.NS
((Reuters.Briefs@thomsonreuters.com;))
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