HCL annual revenues at US$ 3.5 billion, up 31% YoY

Press release

Published July 28th, 2011 - 08:34 GMT

HCL Technologies, 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% to US$ 3,545 mn. During the quarter, HCL posted strong growth with global revenues increasing by 30.5% YoY to US$ 963 mn.

Rest of the world (RoW) region, which comprises of APAC, Middle East, ASEAN, ANZ and Africa, posted a revenue increase of 69% YoY in FY 2010-11 and 3.8% QoQ in the fourth quarter of FY 2011.

The growth in RoW region continues on the back of robust demand for enterprise services in CRM, ERS, data warehousing and infrastructure services. HCL’s investment in emerging technologies like cloud computing and mobile technologies is beginning to create visibility and subsequent interest from enterprises for use of these models to gain greater flexibility, innovation and to maximize ROI.

Commenting on the results, Mr. Virender Aggarwal, President and Head of APAC-MEA region for HCL Technologies, said, “FY11 marks another year of significant revenue growth for the RoW region. Revenue growth at 69% YoY reflects customers’ confidence and our continued focus on helping them address their IT priorities by leveraging next generation disruptive technologies like mobile computing to drive innovation.”

RoW’s highlights for Q4 FY 2011

HCL and Etisalat, a leading telecommunications corporation, signed a Memorandum of Understanding (MoU) agreement to bilaterally cooperate and explore collaborative opportunities for offering innovative ICT services to customers in the areas of mobility, cloud computing and advanced ICT services.

A global investment bank has entered into an engagement with HCL to provide support and maintenance services for its business critical IT Infrastructure.

A leading manufacturer of inspection and measurement systems in Japan has entered into an engagement with HCL for the development of a new Graphical User Interface (GUI) platform.

HCL won a deal from a global medical company for designing its orthopedics products for Japan.

HCL has been chosen to develop a Mobility Framework for a leading Polytechnic based out of Singapore. HCL will be using the Sencha Platform for the framework development, and will leverage its global enterprises mobility lab, The MERLIN, to provide these services.

HCL organized an exclusive luncheon workshop at the ‘CloudAsia 2011’ Summit in Singapore on the theme ‘Quantifying Cloud Readiness’. The workshop centered on HCL’s Cloud Readiness Index value proposition which was attended by 30+ top executives from across industries.

Finzsoft Solutions Limited, New Zealand finance and banking specialist and one of Australasia's leading proprietary Banking and Finance software solution companies and HCL extended their global partnership to deliver new high value technology solutions to the region's banking and finance sector. The signing ceremony was witnessed by New Zealand’s Prime Minister Rt. Hon John Key.

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

Rest of World (RoW) - Financial Highlights

Q4 Revenues at US$ 177.7 mn, up 3.8% QoQ

Annual Revenues at US$ 612.7 mn, up 69% YoY

Background Information

HCL

The HCL journey has been relentless, gratifying and marked with a series of achievements. Our unified efforts have catapulted the company from a garage start-up to a conglomerate whose businesses span across three verticals. HCL is humbled by the long journey they have made so far and at the same time, is confident of raging forward and scaling greater heights. Over the years, HCL has conscientiously set high business standards by way of providing sustainable, world-class products, solutions and services; a feat that has helped the organization to touch the lives of millions with possibilities.