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| Home > Resources > Analyst Newsletter > March 2010 |
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| Q3 Financial Results |
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| HCL Technologies announced Q3 revenues at US$ 685 mn; up 21.4% YoY & 5.1% sequentially |
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| Key Highlights: |
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Revenue growth across all IT Services offerings namely, Enterprise Applications at 2.5% QoQ, Engineering and R&D at 11.1% QoQ, Custom Applications at 5.4% QoQ and Infrastructure Services at 16.3% QoQ; Infrastructure continues to occupy top of the charts |
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Financial Services grew 5.5% QoQ, Manufacturing by 10.5% QoQ, Media Publishing & Entertainment by 16.3% QoQ, Life Sciences by 10.2% QoQ and Retail by 1.0% QoQ |
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Positive growth witnessed from all geographies lead by US at 9.6% QoQ, followed by APAC at 7.9% QoQ & Europe at 1.4% QoQ |
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HCL signed strategic partnerships with nMetric, Wellogic and Next Labs Inc. in USA |
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During the quarter, HCL was recognized as one of Britain’s Top Employers for the fourth consecutive year by the Corporate Research Foundation (CRF) Institute. |
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HCL opened its regional headquarters for the Middle East operations in Dubai, UAE |
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| “We have reported another good quarter driven by strong volume growth of 9.2 % and revenue growth of 24.6% YoY and 6.6% QoQ in IT Services. We have been able to expand our operating margins in IT services by 130 bps YoY and 40 bps QoQ inspite of a difficult global currency market.” Said Anil Chanana, CFO HCL Technologies. |
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| ENGAGEMENTS @ HCL |
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| HCL provides data management services to a leading technology firm |
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| Reinforcing its five-year relationship, a $ 5.6 billion global technology leader has awarded HCL with a contract for providing data management services to its wholly-owned subsidiary which designs, implements and operates global solutions that provide enterprise clients with customer communication, mail and document lifecycle services. |
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| HCL will provide the client with data management services suite that includes document processing, records and inventory management, document scanning, data mining & web scratch, data migration and market research. |
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| US based Fortune 500 financial services company chooses HCL’s business process re-engineering and process consulting services |
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| A US based Fortune 500 financial services company, has chosen HCL’s business process re-engineering & process consulting services to streamline and develop an integrated communication channel to message their members across communication channels. |
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| This project is an enterprise due-diligence activity to reduce inefficiencies and reconfigure changes to ensure that the client’s member messaging process is aligned to its business goals. |
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| HCL Technologies Announces Strategic Partnership with Healthcare Solution Provider Wellogic |
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| HCL announced a strategic partnership with software company Wellogic to provide interoperability and health records management solutions to the global healthcare market. |
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| Wellogic will leverage HCL's substantial global sales, professional services, and cloud computing resources to help clients adopt and operate Wellogic's market leading Health Information Exchange (HIE), Electronic Health Record (EHR), and Personal Health Record (PHR) solutions. Through this partnership, clients can leverage Wellogic's cutting-edge technologies with the depth, breadth, and confidence of HCL's world-renowned resources. |
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| SERVICE INNOVATION @ HCL |
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| HCL’s Enterprise Content Management (ECM) solutions |
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| HCL’s content management practice gives its customers the advantage of a focused domain-centric approach and platform competencies leading to strategic information management for the enterprise. With over 16+ years of experience and partnerships with the world’s best Enterprise Content Management solution providers, the Enterprise Content Management & Portal group at HCL has been at the forefront in delivering Enterprise Content Management (ECM) solutions using cutting edge technologies. On this journey HCL has developed partnerships with all the leading ECM vendors to gain expertise which has no match. |
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| Our exhaustive service offerings in Enterprise Content Management help us in delivering: |
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Over 250+ frameworks & components |
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Certified professionals for all leading ECM Vendors |
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Process Competency - Service Methodologies & IPs |
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ECM business consulting competency |
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Product engineering expertise - full understanding of quantifiable benefits achievable from specific solution set for a given domain |
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Quantifiable value delivered through leadership across various business domains & global project expertise |
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Tool based delivery |
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| NEW @ HCL |
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| HCL AXON wins ‘Frost & Sullivan Aerospace IT Solutions Provider 2010’ Award |
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| HCL AXON has won the ‘Frost & Sullivan Aerospace IT Solutions Provider 2010’ Award for its outstanding performance and industry contribution in Asia-Pacific. |
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| Frost & Sullivan, the leading global analyst and market research firm presents the ‘Asia-Pacific Aerospace IT Solutions Provider of the Year’ Award to organizations that demonstrate excellent qualities in meeting the demands and requirements of clients in the aerospace IT market segment in Asia-Pacific. Critical parameters like quality, complexity, and customization are assessed for some of the leading names in the category. |
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| HCL Technologies launches Center of Excellence with Boeing |
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| The Boeing Company and HCL Technologies have inaugurated a new Center of Excellence to support the test & evaluation operations at Boeing. |
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| Specifically, the facility will provide engineering applications design, development and support for applications that the Boeing Test & Evaluation (BT&E) organization uses on various products. BT&E provides effective and efficient test and evaluation services that support business programs across Boeing. |
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| HCL Technologies Recognized as one of Britain’s Top Employers for the Fourth Consecutive Year |
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| HCL Technologies has been named as one of ‘Britain's Top Employers 2010’ by the Corporate Research Foundation (CRF) Institute, an independent business research organization, for the fourth consecutive year. |
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| Recognized alongside other top British employers including industry peers like IBM and customers such as the Co-Operative Group, HCL achieved consistently high employee feedback scores in CRF's HR Best Practices Survey, which is designed to give deep insights into a company's performance across 11 key areas of HR practice. |
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| Ireland’s Minister of Communications, Energy and Natural Resources, Mr. Eamon Ryan, visits HCL Campus |
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| HCL Technologies hosted Mr. Eamon Ryan, Communications, Energy and Natural Resources Minister for Ireland at its SEZ campus in Sector- 126, Noida. Mr. Ryan was accompanied by H.E. Kenneth Thompson, the Ambassador of Ireland in India and Ms. Minakshi Batra, Director India, IDA Ireland. |
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| Mr. Ryan was at HCL to meet the senior management and discuss and support HCL's plans for the Ireland ICT market. An educational tour of HCL's SEZ campus was organized for the Minister to expose him to the company's IT Services folio and global delivery scale and expertise. |
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