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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
                                      th
London/Paris/Stockholm - July 27 , 2011 – HCL Technologies Ltd. (HCL), a leading global IT
services provider, today announced results for the year and quarter ended June 30 2011. For the full
year, HCL’s global revenues increased by 31.1% YoY to US$ 3,545 mn. During the quarter, HCL
posted 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 in
the fourth quarter of FY 2011. This geography contributed 27.1% to HCL Technologies’ revenues in
the 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 Danfoss
amongst others.

These wins come on the steam of HCL’s increased micro-vertical focus in the region and a strong
positioning 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 in
market recognition of the value HCL delivers to its current and new customers in Europe. By
encompassing specific integrated horizontal, sector and geographic focus and we have gained
momentum in ensuring HCL’s success in a dynamic market especially in the Nordics and the rest of
Continental Europe. We are now better geared to deliver a balanced growth, going forward. This
winning strategy combined with our continued commitment in endorsing our ground-breaking
philosophy and principles around Employees First, Customers Second, has put HCL on the map in
Europe.”

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
          D'abord, 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
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 77,046


Europe - Financial Highlights
    ·    Q4 Revenues at US$ 261 mn, up 5.9% QoQ
    ·    Annual Revenues at US$ 952 mn, up 28.9% YoY

You can view the full details of the Financial Results On;
http://www.hcltech.com/investors/Downloads/FR/HCLT-Q4-2011-AMJ%2711-IR_Release.pdf


About HCL Technologies
HCL Technologies is a leading global IT services company, working with clients in the areas that
impact and redefine the core of their businesses. Since its inception into the global landscape after its
IPO in 1999, HCL focuses on ‘transformational outsourcing’, underlined by innovation and value
creation, and offers integrated portfolio of services including software-led IT solutions, remote
infrastructure management, engineering and R&D services and BPO. HCL leverages its extensive
global offshore infrastructure and network of offices in 26 countries to provide holistic, multi-service
delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services,
Public Services and Healthcare. HCL takes pride in its philosophy of ‘Employee First, Customer
Second’ which empowers our 77,046 transformers to create a real value for the customers. HCL
Technologies, along with its subsidiaries, had consolidated revenues of US$ 3.5 billion (Rs. 16,034
crores), as on 30 June 2011 (on LTM basis). For more information, please visit www.hcltech.com




About HCL
HCL is a $5.9 billion leading global technology and IT enterprise comprising two companies listed in
India - HCL
Technologies and HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-
ups. A pioneer of modern computing, HCL is a global transformational enterprise today. Itsrange of
offerings includes product
engineering, custom& package applications, BPO, IT infrastructure services, IT hardware, systems
integration, and
distribution of information and communications technology (ICT) products across a wide range of
focused industry
verticals. The HCL team consists of over 80,000 professionals of diverse nationalities, who
operatefrom 31 countries including over 500 points of presence in India. HCL has partnerships with
several leading global 1000 firms, including leading IT and technology firms. For more information,
please visit www.hcl.com
Forward-looking Statements

Certain 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 such
forward-looking statements. All statements, other than statements of historical fact are statements
that could be deemed forward looking statements, including but not limited to the statements
containing the words 'planned', 'expects', 'believes’,’ strategy', 'opportunity', 'anticipates', 'hopes' or
other similar words. The risks anduncertainties relating to these statements include, but are not
limited to,risks and uncertainties regarding impact of pending regulatory
proceedings, fluctuations in earnings, our ability to managegrowth, intense competition in IT services,
Business
Process Outsourcing and consulting services including those factors which may affect our cost
advantage, wage
increases in India, customer acceptances of our services, products and fee structures, our ability to
attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective
and timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, client
concentration, restrictions on immigration, our ability to manage our international operations, reduced
demand for technology in our key focus areas, disruptions in telecommunication networks, our ability
to successfully complete and integrate potential acquisitions, the success of our brand development
efforts, liability for damages on our service contracts, the success of the companies /entities in which
we 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 our
intellectual 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 be
accurate, and issuance of such forward looking statements should not be regarded as a
representation by the Company, or any other person, that the objective and plans of the Company will
be achieved. All forward looking statements made herein are based on information presently available
to 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 contact


For details contact
Ranjana Sharma
HCL Technologies, Europe
DID: +44 (0) 207 105 8661
MOB: +44 (0) 7921 699137

LEWIS PR
Jon Brigden
+44 (0)20 7802 26 26
hcl@lewispr.com

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Hcl Technologies Annual Revenues-2011

  • 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 th London/Paris/Stockholm - July 27 , 2011 – HCL Technologies Ltd. (HCL), a leading global IT services provider, today announced results for the year and quarter ended June 30 2011. For the full year, HCL’s global revenues increased by 31.1% YoY to US$ 3,545 mn. During the quarter, HCL posted 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 in the fourth quarter of FY 2011. This geography contributed 27.1% to HCL Technologies’ revenues in the 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 Danfoss amongst others. These wins come on the steam of HCL’s increased micro-vertical focus in the region and a strong positioning 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 in market recognition of the value HCL delivers to its current and new customers in Europe. By encompassing specific integrated horizontal, sector and geographic focus and we have gained momentum in ensuring HCL’s success in a dynamic market especially in the Nordics and the rest of Continental Europe. We are now better geared to deliver a balanced growth, going forward. This winning strategy combined with our continued commitment in endorsing our ground-breaking philosophy and principles around Employees First, Customers Second, has put HCL on the map in Europe.” 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 D'abord, 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. 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 77,046 Europe - Financial Highlights · Q4 Revenues at US$ 261 mn, up 5.9% QoQ · Annual Revenues at US$ 952 mn, up 28.9% YoY You can view the full details of the Financial Results On; http://www.hcltech.com/investors/Downloads/FR/HCLT-Q4-2011-AMJ%2711-IR_Release.pdf About HCL Technologies HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on ‘transformational outsourcing’, underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 26 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes pride in its philosophy of ‘Employee First, Customer Second’ which empowers our 77,046 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 3.5 billion (Rs. 16,034 crores), as on 30 June 2011 (on LTM basis). For more information, please visit www.hcltech.com About HCL HCL is a $5.9 billion leading global technology and IT enterprise comprising two companies listed in India - HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start- ups. A pioneer of modern computing, HCL is a global transformational enterprise today. Itsrange of offerings includes product engineering, custom& package applications, BPO, IT infrastructure services, IT hardware, systems integration, and distribution of information and communications technology (ICT) products across a wide range of focused industry verticals. The HCL team consists of over 80,000 professionals of diverse nationalities, who operatefrom 31 countries including over 500 points of presence in India. HCL has partnerships with several leading global 1000 firms, including leading IT and technology firms. For more information, please visit www.hcl.com
  • 3. Forward-looking Statements Certain 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 such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes’,’ strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks anduncertainties relating to these statements include, but are not limited to,risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to managegrowth, intense competition in IT services, Business Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we 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 our intellectual 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 be accurate, and issuance of such forward looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward looking statements made herein are based on information presently available to 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 contact For details contact Ranjana Sharma HCL Technologies, Europe DID: +44 (0) 207 105 8661 MOB: +44 (0) 7921 699137 LEWIS PR Jon Brigden +44 (0)20 7802 26 26 hcl@lewispr.com