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HCL revenue increases by 15.4 percent in Q3 FY’15

Anuradha Shukla | April 27, 2015
Delivers broad-based growth across geographies, verticals and horizontals.

HCL Technologies revenue grew by 15.4% in the third quarter of financial year 2015 (Q3 FY'15).

The company experienced broad-based business growth across geographies, verticals and horizontals, according to a new report by HCL.

The quarter saw many additions of clients and the total headcount reached 104,184 after addition of 3,944 people.

Return on Equity (ROE) for life time fitness (LTM) Mar 2015 was at 35% and constant currency growth was at 2.7% quarter on quarter (QoQ) & 15.4% year on year (YoY).

"At HCL we have always been at the forefront of changing market dynamics. With enterprise need for Digitalization, Internet of Things and next generation ITO, the company is well set to redefine the interface between technology and business," said Shiv Nadar, chairman & chief strategy officer, HCL Technologies.

Broad based growth

HCL recorded broad-based growth across all revenue segments. Americas, Europe and rest of the world (ROW) grew by 13.6%, 22.0% and 6.9% respectively.

Growth was driven by business services (34.6%), engineering and research and development (R&D) services (32.4%), infrastructure services (16.1%) and application services (6.9%).

Vertical growth led by telecommunications, media, publishing & entertainment at 23.5%, lifesciences & healthcare at 21.1%, public services at 16.6% and financial Services at 15.4%.

HCL signed 14 transformational engagements during this quarter and won several awards like the 2015 Forrester Groundswell Award over the last two quarters.

"HCL continues to deliver broad-based growth across geographies, verticals and horizontals," said Anant Gupta, president & CEO, HCL Technologies Ltd. " This quarter saw our revenue increase by 14.4% LTM YoY in constant currency and we gained significant market share fuelled by transformational deal bookings in excess of USD1 billion. These engagements were primarily driven from industries like Consumer Services, Manufacturing and Public Services and the European region." 



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