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| Home > Resources > Analyst Newsletter > February 2010 |
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| Q2 Financial Results |
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| HCL Technologies announced Q2 revenues at US$ 652 mn; up 28.5% YoY |
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| Key Highlights: |
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HCL reported the highest Compounded Quarterly Growth Rate (CQGR) of 4.9% in the industry in 2009. |
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Even in a recessionary environment, HCL recorded broad based growth of 23.5% in CY 2009 over CY 2008. |
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Won 12 new outsourcing deals during the quarter |
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| “We see early signs of economic recovery, which we anticipate would gain momentum by middle of 2010. HCL is well positioned to leverage the structural shifts developing in the market place,” says Vineet Nayar, CEO. |
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| ENGAGEMENTS @ HCL |
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| HCL AXON signs Global IT Services Agreement deal with GlaxoSmithKline |
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| HCL AXON, has signed a five year Global Strategic Information Technology Master Services Agreement with GlaxoSmithKline (GSK), one of the worlds’ largest pharmaceutical companies. |
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| This agreement describes how HCL AXON and HCL Technologies will provide systems integration, SAP implementation and IT consulting services to GSK globally. |
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| ...more |
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| International Aerospace and Defense Leader Meggitt Signs $50 Million Global Engineering Transformation Services Agreement with HCL |
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| HCL announced that Meggitt, an international group specializing in aerospace equipment, high performance sensors, defense training and combat systems, has selected HCL Technologies' Engineering and R&D Services (HCL ERS) division to provide engineering services for its global operations. After a stringent multi-vendor review which ran for several months, HCL was selected based on its understanding of Meggitt's business challenges and proven track record of partnering with large aerospace and manufacturing companies on highly complex engineering development programs. |
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| HCL Technologies to implement SAP for Egypt’s Sahara Petroleum Services Company |
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| HCL Technologies has entered into a SAP implementation engagement with Sahara Petroleum Services Company (SAPESCO), a multi-disciplined petroleum services company providing services to Oil & Gas companies in the Middle East and North Africa (MENA) region. |
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| With this implementation, SAPESCO will significantly realize benefits by improving efficiencies in processes such as 'Acquire to Retire', 'Procure to Pay' which are critical for bringing transparency and efficiency into its business. Significant benefits are also expected through integration of business processes, standardized systems, processes and controls. |
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| News International signs a multi-million, five-year Technology Infrastructure Management and Transformation engagement with HCL |
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| HCL Technologies has entered into a multi-million pound, five-year technology Infrastructure Management and Transformation engagement with News International, a UK subsidiary of News Corporation, the world's leading diversified global media company. News International produces some of UK's most widely read newspapers including The Times, The Sun, The Sunday Times and News of the World. |
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| HCL will be responsible for managing News International's datacenter and network environments along with strategically transforming them. This will involve transformation projects such as migrating operating systems to lower cost industry standard solutions, business continuity improvements and virtualization, consolidation & standardization of storage and servers. |
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| HCL Technologies and Talisma enter into Strategic Partnership |
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| HCL Technologies BPO Services and Talisma Corporation Pvt. Ltd., have entered into a joint go-to-market strategic partnership. |
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| HCL and Talisma will combine their BPO and CRM expertise respectively to offer clients enriched service centre functionality as part of a fully-managed and end-to-end service to support CRM Business Process Outsourcing (BPO) propositions. |
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| ...more |
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| HCL is platinum solution provider for the Elastic Path eCommerce platform |
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| HCL collaborates with Elastic Path to deliver high value and effective end-to-end eCommerce consulting services and solutions. HCL is platinum solution provider for the Elastic Path eCommerce platform. |
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| HCL's strong capabilities in handling end-to-end implementation of eCommerce solution led by a team of trained and certified consultants, coupled with a flexible feature-rich Elastic Path platform is an ideal combination for enterprises that need to deliver innovations with a fast time to market. |
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| SERVICE INNOVATION @ HCL |
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| HCL launched an end-to-end automation of Islamic finance origination product |
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| HCL launched an end–to-end automation of Islamic finance origination product, across finance types, from lead generation to closure & disbursal readiness. |
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| Some of the key highlights of the product are: |
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Powerful, comprehensive configuration capability and business rules-driven processing, with easy adaptability to changing financing requirements. |
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New generation service-oriented architecture with flexibility to deploy best of breed business rules management systems, document generation and content management systems. |
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Flexible product and scheme configuration functionality to support the bank's needs to launch innovative finance products, major retail finance product types such as resale-based Murabaha, Tawarruq, Istisna and Ijarah. |
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Ready support for Islamic financing nuances. |
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Enhanced risk control features enabling effective risk management at source. |
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| NEW @ HCL |
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| Proud Dreamliner Team Member Company, HCL Technologies Salutes The Boeing Company On Its First Flight Of Dreamliner 787 |
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| HCL Technologies offered its congratulations and support to the Boeing 787 team as the aircraft took off on its first flight. |
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| HCL Technologies, the only Indian software company selected by Boeing to work on the 787 Dreamliner, is a key player in Boeing's 787 flight test program. HCL created the hosting platform for the flight test computing system to support requirements of the 787 Boeing global team, including 10 Tier 1 and Sub-Tier partners. With more than 4 million hours of engineering hours contributed to date, HCL has been involved with development and testing of the onboard software on the 787 aircraft. |
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| HCL awarded ‘Signature Partner Leadership Award’ by RSA |
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| HCL has been awarded the ‘Signature Partner Leadership Award’ at the RSA India Partner Summit at Colombo. HCL Technologies’ Infrastructure Services Division pioneered Security Services in India. It is the first company to start remotely managed service offering in security area -- SOC Services in India. |
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| RSA, the security division of EMC, is the premier provider of security solutions for business acceleration, helping the world's leading organizations succeed by solving their most complex and sensitive security challenges. RSA's MSSP (Managed Security Services Providers) partners such as HCL Technologies, are certified RSA SecurWorld members that offload tasks such as installing and ongoing management of RSA products and solutions, training, customization and technical support. HCL and RSA have jointly evolved various solutions and service centric propositions. |
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| If you need any specific information, please get in touch with our AR managers |
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Rohan Kurian V
Analyst Relations - NA
Phone: +1-973-262-0149
Email: rohankurianv@hcl.in |
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Robert de Souza
Analyst Relations –EU
Phone: +44 (0) 7710 863246
Email: rdesouza@hcl.in |
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Arun Sundar
Analyst Relations - APAC
Phone: +91-900-302-3370
Email: arun.sundar@hcl.in |
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Patricia Sridhar
Manager Communications
Phone: +91-960-004-8422
Email: patricia.sridhar@hcl.in |
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