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HCL revenue for 2013 (CY) crosses US$ 5 billion

Anuradha Shukla | Jan. 20, 2014
Announces highlights for the quarter ended 31st December 2013.

HCL Technologies revenue for 2013 (Calendar Year) crosses US$ 5 billion, according to the company's highlights for the quarter ended 31st December 2013.

The company's infrastructure services, Europe geography and manufacturing vertical crossed US$ 1.5 billion in revenues in CY13 while Return on Equity reached an all time high of 35%.

It announced dividend of 4.0 per share and its total headcount was 88,332 for this period.

This quarter HCL signed new engagements and established dedicated Centers of Excellence.

"HCL continues its profitable growth trajectory with yet another stellar quarter of 4% quarter on quarter (QoQ) revenues growth and 39.1% YoY net income growth. The company also crossed many milestones during the quarter, with our CY13 revenues crossing the $5bn landmark. In addition Infrastructure Services, Europe geography and Manufacturing vertical each crossed $1.5bn in revenues." said Anant Gupta, president & CEO, HCL Technologies.

Gaining momentum

HCL continues to gain momentum in the market and inked 15 transformational deals across all service lines. The wins were mostly from the financial and manufacturing verticals and 80% of the overall bookings originated from Fortune 500/Global 2000 customers.

While its QoQ revenue grew by 3.0%, its infrastructure services and business services grew at 4.8% and 11.4% respectively.

HCL's engineering and R&D services grew at 2.0% and application services grew at 1.4% during this period.

The company notes this growth was led by existing momentum verticals of manufacturing and financial Services at 4.4% and 2.1% respectively.

HCL won the CNBC-TV 18's India Business Leader Award for 'Outstanding Company of the year' and was honored with the 'Best Governed Company Award' by the Asian Centre for Corporate Governance & Sustainability.

Modernization delivery network

HCL is also creating an application modernisation delivery network to help organisations shift from legacy technologies to a cloud-enabled platform.

The company has formed a strategic partnership with CSC to this end. Both companies will work towards standardizing the delivery of modernized applications.

Bangalore and Chennai will be the first two cities to get the delivery centers dedicated to reduce the risks and costs for clients transitioning to the cloud.

CSC offers next-gen technology solutions and HCL specialises in technology consulting, systems integration and global delivery capabilities. This alliance is expected to offer a new value proposition in the market.

"We are pleased to partner with CSC. The company's strong technology portfolio and client base coupled with HCL's robust system integration capabilities will be a formidable combination in the application modernization market," said Anant Gupta, president and chief executive officer of HCL Technologies.

 

 

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