PRESS RELEASE	    HCL Technologies Annual Revenues at US$ 3.5 billion, up 31% YoY            Q4 Revenues at US$ 963 mn, up...
SAP Offshore Delivery Center Agreement in Europe with           Danfoss.     ·    HCL has been selected to provide applica...
Forward-looking StatementsCertain statements in this release are forward-looking statements, which involve a number of ris...
Upcoming SlideShare
Loading in …5

Hcl Technologies Annual Revenues-2011


Published on

Published in: Business, Technology
  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Hcl Technologies Annual Revenues-2011

  1. 1. PRESS RELEASE   HCL Technologies Annual Revenues at US$ 3.5 billion, up 31% YoY Q4 Revenues at US$ 963 mn, up 5.3% QoQ Europe Annual Revenues at US$ 1 billion, up 29% YoY thLondon/Paris/Stockholm - July 27 , 2011 – HCL Technologies Ltd. (HCL), a leading global ITservices provider, today announced results for the year and quarter ended June 30 2011. For the fullyear, HCL’s global revenues increased by 31.1% YoY to US$ 3,545 mn. During the quarter, HCLposted strong growth with global revenues increasing by 30.5% YoY to US$ 963 mn.HCL’s European business posted a revenue increase of 28.9% YoY in FY 2010-11 and 5.9% QoQ inthe fourth quarter of FY 2011. This geography contributed 27.1% to HCL Technologies’ revenues inthe quarter. HCL’s continued commitment to the region has resulted into several significant multi-million dollar wins across Europe this quarter including Mecom, Deutsche Bank, Ikea and Danfossamongst others.These wins come on the steam of HCL’s increased micro-vertical focus in the region and a strongpositioning in the swiftly expanding Continental Europe market.Commenting on the results, Rajeev Sawhney, President for HCL Europe, said “HCL’s Go-To-Market (GTM) strategy in the region continues to be validated by demonstrating the increase inmarket recognition of the value HCL delivers to its current and new customers in Europe. Byencompassing specific integrated horizontal, sector and geographic focus and we have gainedmomentum in ensuring HCL’s success in a dynamic market especially in the Nordics and the rest ofContinental Europe. We are now better geared to deliver a balanced growth, going forward. Thiswinning strategy combined with our continued commitment in endorsing our ground-breakingphilosophy and principles around Employees First, Customers Second, has put HCL on the map inEurope.”Europe highlights for Q4 FY 2011: · The French translation of the Harvard Business Press bestseller ‘Employees First, Customers Second: Turning Conventional Management Upside Down’ titled ‘Les Employes Dabord, Les Clients Ensuit: Comment Renverse les regles du management’ was launched in Paris and within a few weeks of its launch in France the book authored by Vineet Nayar, Vice Chairman & CEO, HCL Technologies became the No.1 Management bestseller on Amazon France website. · HCL has signed a 5-year multimillion dollar Application Support Transformation deal with Deutsche Bank. · HCL has entered into an agreement with Mecom Group plc for outsourcing a significant portion of Mecom’s IT operations. HCL will initially provide Mecom with infrastructure and, incertain cases, applications management services to Mecom. · Danfoss, a global leader within energy efficient solutions for refrigeration, air conditioning, heating and electrical motor control, has selected HCL as Engineering and Development partner to setup an India Design Centre to cater for global projects and developing new products for the global markets. This is one of the largest deals for Indian Engineering Services Outsourcing industry in Europe. HCL has also signed a five-year strategic IT and 1
  2. 2. SAP Offshore Delivery Center Agreement in Europe with Danfoss. · HCL has been selected to provide application management services to IKEA, the world’s leading home furnishing retailer. · One of the largest banks in the UK has selected HCL as a strategic vendor. As part of this engagement, HCL will be providing IT outsourcing services for the bank’s core systems that support its various business units. · HCL has been awarded the Payroll Giving Award (Bronze) towards fostering a culture of philanthropy at the workplace. This award recognizes employers who have succeeded in generating sustainable income sources for UK charities through payroll giving.HCL Technologies - Financial Highlights · Q4 Revenues at US$ 963 mn; up 5.3% QoQ · Annual Revenues at US$ 3,545 mn; up 31.1% YoY · Net Income at US$ 378 mn; up 34.9% YoY · Gross Employee addition of 9,572 during the quarter taking total headcount to 77,046Europe - Financial Highlights · Q4 Revenues at US$ 261 mn, up 5.9% QoQ · Annual Revenues at US$ 952 mn, up 28.9% YoYYou can view the full details of the Financial Results On; HCL TechnologiesHCL Technologies is a leading global IT services company, working with clients in the areas thatimpact and redefine the core of their businesses. Since its inception into the global landscape after itsIPO in 1999, HCL focuses on ‘transformational outsourcing’, underlined by innovation and valuecreation, and offers integrated portfolio of services including software-led IT solutions, remoteinfrastructure management, engineering and R&D services and BPO. HCL leverages its extensiveglobal offshore infrastructure and network of offices in 26 countries to provide holistic, multi-servicedelivery in key industry verticals including Financial Services, Manufacturing, Consumer Services,Public Services and Healthcare. HCL takes pride in its philosophy of ‘Employee First, CustomerSecond’ which empowers our 77,046 transformers to create a real value for the customers. HCLTechnologies, along with its subsidiaries, had consolidated revenues of US$ 3.5 billion (Rs. 16,034crores), as on 30 June 2011 (on LTM basis). For more information, please visit www.hcltech.comAbout HCLHCL is a $5.9 billion leading global technology and IT enterprise comprising two companies listed inIndia - HCLTechnologies and HCL Infosystems. Founded in 1976, HCL is one of Indias original IT garage start-ups. A pioneer of modern computing, HCL is a global transformational enterprise today. Itsrange ofofferings includes productengineering, custom& package applications, BPO, IT infrastructure services, IT hardware, systemsintegration, anddistribution of information and communications technology (ICT) products across a wide range offocused industryverticals. The HCL team consists of over 80,000 professionals of diverse nationalities, whooperatefrom 31 countries including over 500 points of presence in India. HCL has partnerships withseveral leading global 1000 firms, including leading IT and technology firms. For more information,please visit
  3. 3. Forward-looking StatementsCertain statements in this release are forward-looking statements, which involve a number of risks,uncertainties,assumptions and other factors that could cause actual results to differ materially from those in suchforward-looking statements. All statements, other than statements of historical fact are statementsthat could be deemed forward looking statements, including but not limited to the statementscontaining the words planned, expects, believes’,’ strategy, opportunity, anticipates, hopes orother similar words. The risks anduncertainties relating to these statements include, but are notlimited to,risks and uncertainties regarding impact of pending regulatoryproceedings, fluctuations in earnings, our ability to managegrowth, intense competition in IT services,BusinessProcess Outsourcing and consulting services including those factors which may affect our costadvantage, wageincreases in India, customer acceptances of our services, products and fee structures, our ability toattract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effectiveand timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, clientconcentration, restrictions on immigration, our ability to manage our international operations, reduceddemand for technology in our key focus areas, disruptions in telecommunication networks, our abilityto successfully complete and integrate potential acquisitions, the success of our brand developmentefforts, liability for damages on our service contracts, the success of the companies /entities in whichwe have made strategic investments, withdrawal of governmental fiscal incentives, political instability,legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of ourintellectual property, other risks, uncertainties and general economic conditions affecting our industry.There can be no assurance that the forward looking statements made herein will prove to beaccurate, and issuance of such forward looking statements should not be regarded as arepresentation by the Company, or any other person, that the objective and plans of the Company willbe achieved. All forward looking statements made herein are based on information presently availableto the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.For details contactFor details contactRanjana SharmaHCL Technologies, EuropeDID: +44 (0) 207 105 8661MOB: +44 (0) 7921 699137LEWIS PRJon Brigden+44 (0)20 7802 26