HCL Infosystems: Learning biz to be profitable next quarter

HCL Infosystems ' learnings business is gaining scale and is expected to turn profitable from the next quarter, Harsh Chitale, the company's CEO said on Wednesday.

The IT hardware and systems integration company had on Tuesday announced that it would spin off its three businesses -- hardware solutions, learning and services -- into three subsidiaries.

"The restructuring of the businesses is with the objective of providing focused management orientation to each of the growth areas and to create a leaner organization for the hardware solutions business," it had said.

Chitale told CNBC-TV18 that there was severe stress in the hardware solutions business. The services business, meanwhile, was seeing double digit growth and the company sees significant headroom for growth there,  he added.

Therefore the decision was taken to separate the operations to extract better value from each business, according to Chitale.

HCL Infosystems extended gains and was up 3 percent at Rs 42.20 in morning trade. It had risen 5 percent on Tuesday.