Wednesday, September 11, 2002
Hughes Software Systems (HSSL), specialist in convergent
networks and India's leading communications software company,
today announced its support for the Intel« Internet
Exchange Architecture (Intel« IXA) developer network.
HSSL will participate in the Intel IXA developer programme
by offering its broadband and wireless Next Generation portfolio
of service offerings for seamless integration, interoperability
and custom development on the Intel IXP development platform.
As part of the Intel« developer network, HSSL will
invest in acquiring skills for building solutions for customers
choosing to deploy their communication services on Intel's
new Control Plane Processor.
HSSL will participate as a professional services vendor in
the Intel IXA developer network, enabling customers to build
and maintain robust and innovative products and services,
which use a combination of Intel platforms and custom applications
built on them.
HSSL's professional services portfolio includes product development
services, testing, maintenance and building of custom applications.
HSSL's participation will provide customers the ability to
instantly increase the power of their engineering team by
augmenting their existing staff with network development engineers,
who bring in HSSL's communication domain strengths coupled
with Intel IXA experience.
Meanwhile, the telecom software major has been hit by the
current downturn in the US telecom sector.To counter the difficult
situation, the company has decided to limit its research and
development (R&D) spend on new product development and
shifted its focus to professional services. In
order to further de-risk its business and create newer opportunities,
HSSL has decided to enter into the business process outsourcing
(BPO) segment. This will be started as an independent operation.
Last year, HSSL underwent change in parentage, after General
Motors entered into an agreement to sell Hughes Electronics
Corporation (HEC) to EchoStar Communications Corp for $25.8
billion in cash and shares. HSSL derives substantial revenues
from HEC. The management of HSSL maintains
that the global merger will not have any adverse impact on
the company's operations.
For Q1 ended 30 June 2002, HSSL registered a massive 76.5%
fall in net profit to Rs 4.4 crore as compared to Rs 18.7
crore in the corresponding period last year. Sales decreased
by 25.3% to Rs 47.4 crore, from Rs 63.4 crore in JQ 2001.
The HSSL scrip closed 2.96% higher at Rs 171.95 on the BSE
today, with a volume of 4,95,614 shares.
Last updated : February 2, 2004
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