HCL Technologies Ltd. (HCL), a leading global IT services provider, today announced results for its FY 2010 third quarter, which ended March 31. During the quarter, HCL posted strong growth with global revenues increasing by 21.4% YoY to $685 million.
HCL’s U.S. business posted an increase of 9.6% quarter-on-quarter. The result demonstrates increasing market recognition of the value HCL delivers to its customers in the U.S. and validates HCL’s Go-To-Market (GTM) strategy in the geography, which encompasses an integrated horizontal, sector and geographic focus.
Commenting on the results, Dr. Shami Khorana, President, HCL America, said, “During this quarter, our U.S. business has posted revenue growth at 9.6%. As we emerge from recession, companies are starting to invest more heavily in IT outsourcing and we’re beginning to see a solid increase in demand. We have successfully executed on our highly differentiated Go-To-Market strategy of delivering total IT outsourcing solutions and providing business transformational value to our customers, which has ensured HCL’s continued success in a dynamic U.S. market environment.”
HCL was included on the prestigious WorldBlu list of Democratic Workplaces for the first time in 2010. HCL’s entry into the ‘WorldBlu List,’ which comprises the world’s most democratic workplaces, showcases its exemplary democratic practices that contribute to high performance, engagement, innovation and profitability.
Fifth in the highly successful series HCL’s Global Customer Meet 2010 witnessed rich participation from global leaders. A total of 1000 participants including 600 customers, thought leaders, 50+ analysts and advisors came together from across more than 350 global organizations to define the rules of ‘The New Normal.’ They were joined by over 270 HCLites.
HCL announced a strategic partnership with software provider nMetric. The companies have joined forces to help automotive manufacturers improve factory operations through intelligent shop floor solutions. This partnership represents HCL’s strategic direction of delivering cost-effective, high value-add industry solutions to the automotive industry.
HCL also forged a strategic partnership with Wellogic, a software solutions provider for the healthcare community. The companies have collaborated to provide interoperability and health records management solutions that enable safer, more efficient care delivery across the global healthcare industry.
HCL AXON, a division of HCL Technologies, signed a strategic go-to-market partnership with NextLabs, Inc., a provider of policy-driven information risk management solutions. This partnership is bringing information risk management software and consulting expertise to companies operating in complex, highly regulated environments such as the utilities, aerospace, defense, travel and transport industries.
Deals signed during the quarter include Advanstar Communications, Commonwealth of Virginia, Vodafone, Saint Gobain, Terasen Inc., Malaysian Airlines, Sky Italia, DGSi and Danfoss.
Source:http://www.marketwatch.com/story/hcl-technologies-reports-214-yoy-revenue-growth-in-q3-fy10-2010-04-21?reflink=MW_news_stmp
