New Delhi, April 23 (IANS) IT services, solutions and distribution company HCL Infosystems posted net loss of Rs.47.16 crore for the third quarter from January to March for the period 2014-15, compared to the loss of Rs.25.61 crore in the period 2014.

The net sales of the company dropped to Rs.1,376.19 crore during the third quarter from Rs.1,970.17 crore in the previous fiscal.

“Our third quarter performance is strongly aligned to our business model transformation journey. We have gained strategic traction in our services and distribution businesses along with improved operational efficiencies and business growth potential,” Premkumar Seshadri, executive vice-chairman and managing director, HCL Infosystems Ltd., said.