HCL Infosystems announced that HCL Insys, Singapore (seller) was to sell its entire investments in its subsidiary namely HCL Infosystems MEA FZE (HCL MEA) along with step down subsidiary of HCL MEA to Axis Investment Incorporated (buyer).

The closure of transaction was subject to certain conditions precedent as specified in the Share Purchase Agreement (SPA). Since the buyer has failed to pay the consideration, which is a breach of Warranty, HCL Insys / seller has decided to terminate the SPA.

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HCL Infosystems has completed the sale of entire shareholding of QDigi Services (formerly known as HCL Computing Products), a wholly owned subsidiary along with CARE Business, a division of HCL Services, another wholly owned subsidiary on 11 April, 2018

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Net Loss of HCL Infosystems reported to Rs 62.05 crore in the quarter ended December 2017 as against net loss of Rs 50.73 crore during the previous quarter ended December 2016. Sales rose 71.39% to Rs 1309.50 crore in the quarter ended December 2017 as against Rs 764.05 crore during the previous quarter ended December 2016.

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Net Loss of HCL Infosystems reported to Rs 31.15 crore in the quarter ended December 2017 as against net loss of Rs 32.72 crore during the previous quarter ended December 2016. Sales rose 160.46% to Rs 1058.70 crore in the quarter ended December 2017 as against Rs 406.48 crore during the previous quarter ended December 2016.

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