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| Home > Resources > Analyst Newsletter > October 2010 |
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| Key Highlights of the quarter |
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Revenue at US$ 804 mn; up 27.6% YoY & 9.0% sequentially |
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Revenue on constant currency basis up 28.5% YoY & 7.4% sequentially. |
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Net Income at US$ 72 mn; up 7.9% YoY |
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Announces dividend of Rs. 1.50 per share, 31st consecutive quarter of dividend payout. 50% Increase in dividend per share |
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Net Employee addition of 5,661 |
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All Services Lines, Geos & Verticals reported positive grow |
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HCL wins 14 major deals during the last quarter from leading global companies |
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| ENGAGEMENTS @ HCL |
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| Health Language and HCL Technologies Partner to Offer ICD-10 Conversion Solution |
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| Health Language Inc., the global leader in medical terminology management, and HCL Technologies, announced a partnership that will utilize HLI’s Language Engine® as part of HCL’s end-to-end ICD-10 conversion solution, which encompasses gap assessment, conversion roadmap, remediation, testing, deployment and training. |
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| This combined service offering will enable hospitals and health systems, payers and independent software vendors (ISVs) to meet the Oct. 1, 2013 deadline for conversion of legacy coding systems from ICD-9 to ICD-10, as required by the Centers for Medicare and Medicaid Services (CMS). |
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| Manufacturer of Hard Disk Drives chooses HCL for its Returns Material Management services |
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| A leading Electronics giant entered into a 3 year wing to wing Returns Material Management contract with HCL across infrastructure management services and business services. |
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| HCL’s extensive network of offices across India, its strong experience in the field of imports exports, and its proven domain expertise and experience in supply chain management made HCL the ideal vendor of choice for the Japanese electronics giant who needed superior Return Material Authorization services. |
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| As per the agreement, HCL will provide the client with key services such as Warranty Support & RMA, Reverse Logistics Management, Inventory Management, Warranty Repair, Refurbishment / Import Services and Scrap Management. At the back end, HCL Business Services will leverage its comprehensive, web-based solution to automate the entire returns lifecycle, from Return Material Authorization creation to final product disposition. This solution provides the ability to capture, print, report, and analyze returns information, enabling quick response to quality or product design issues. |
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| US based medical devices manufacturer selects HCL to support ROHS Compliance Management (GE Healthcare) |
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| The client, a US based medical devices manufacturer has chosen HCL to support its ROHS (Restriction of Hazardous Substances) Compliance Management. The client provides transformational medical technologies and services. |
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| HCL was chosen to support ROHS (Restriction of Hazardous Substances) Compliance Management, and as part of the compliance management process, HCL provides key services to the client such as ROHS Compliance, Creation of IPC 1752 forms, Remediation with suppliers, Spend, Supplier and Ageing Analysis and Quality Assurance. |
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| The client was posed with the challenge of updating its internal system EMARS (Environmental Material Aggregation and Reporting System) for 150,000 components as the deadline to update ROHS Compliance for the items has been set as Jan-2011. |
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| The client was impressed with HCL’s proven domain expertise and significant experience in the compliance management arena. HCL addressed the challenge by creating and building a compliance database to collect supplier data like catalogue components, supplier market size, geographies etc., and undertook collection of documentary materials. |
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| HCL’s solution enables the client to keep track of the costs incurred, pending issues, and helps the client by achieving 100% quality accuracy of the process. |
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| SERVICE INNOVATION @ HCL |
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| HCL Technologies Launches AeroPASS™ Airport Security Solution |
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| HCL Technologies announced the launch of AeroPASS™, the future-proofed, flexible and secure biometric solution for expediting passage of pilots and flight attendants through security checkpoints and into sterile airport areas. AeroPASS™ is currently available for deployment in US airports. |
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| The unique AeroPASS solution was developed by the global airline IT services company, HCL Technologies, biometrics specialist Daon Trusted Identity Services, and airline communications experts AvFinity LLC. |
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| HCL Technologies bets on cloud computing |
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| HCL Technologies plans to have new technologies such as cloud computing become a nearly $300 million business over the next five years, as part of the company's new initiative to incubate next big opportunities and compete better with multinational rivals apart from larger Indian software firms. |
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| “As part of the new initiative, HCL has formed a unit called 'ecosystem and business incubation organization', which has already identified five new ideas with the potential to become $100 million businesses in three years, and almost $300 million in five years,” said Anant Gupta, HCL Technologies' senior corporate vice president and head of the company's growing Infrastructure Services Division (ISD). |
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| Source: The Economic Times |
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| NEW @ HCL |
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| HCL Technologies Named 40th on Software Magazine’s 28th Annual Software 500 ranking |
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| HCL Technologies announced its inclusion in Software Magazine’s Software 500 ranking of the world’s largest software and service providers, now in its 28th year. HCL Technologies was ranked 40th, up four spots from last year’s ranking, with software revenues up 6.2% YoY. |
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| Software 500 is a revenue-based ranking of the world’s largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing. |
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| The ranking is based on total worldwide software and services revenue for 2009. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. |
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| American AgCredit Automates Lending Operations with CapitalStream |
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| HCL Technologies announced that American AgCredit has successfully implemented the CapitalStream™ “Straight Through Processing” (STP) solution to gain greater operational control, improve reporting capabilities and ensure data integrity. |
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| American AgCredit is an agricultural lender in the western U.S. and the nation’s seventh largest Farm Credit co-operative. With more than 90 years experience in agricultural lending, American AgCredit has built their business on personal customer service. |
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| InformationWeek confers “ValueHonors” Awards to six HCL Technologies customers |
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| HCL Technologies Infrastructure Services Division announced that six of its customers -- Cummins, Teradyne, one of the world’s leading mobile manufacturers, Old Mutual Wealth Management: Skandia and Xerox -- have been felicitated with “ValueHonors Awards” by InformationWeek, a UBM TechWeb media brand. The winners were announced at the Information Week 500 annual awards ceremony which is held in St Regis, Monarch Beach CA every year. The customers were recognized for their immense contribution in creating “value and transforming business” in their global sourcing engagements through active collaboration with their sourcing partner. |
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| HCL Technologies Infrastructure Services Division awarded as the Top Company of the Year in Network Security Services Segment |
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| HCL Technologies Infrastructure Services Division has been awarded Top Company of the Year in Network Security Services segment for FY 2009-10, as per the V&D100 survey carried out by VOICE&DATA, India’s No.1 communications magazine. |
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| The V&D 100 Awards are India’s most credible and eagerly awaited awards, showcasing the most outstanding achievements in key segments, and lauding exemplary overall performances in the Indian communication industry. Deemed as India’s most prestigious telecom industry event, it is marked by the presence of CEOs, senior government officials and stalwarts from the communication industry, service providers, equipment vendors, networking and other telecom companies and enterprises. |
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| HCL Tech eyes emerging markets for large Infra deals |
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| HCL Technologies is looking at emerging geographies like the West Asia, South Africa, Hong Kong and Singapore for large system integration (SI) deals, valued between $50 million and $100 million (Rs 230-460 crore), in the infrastructure management space. Last year, it had closed five deals, including a seven-year end-to-end engagement with National Insurance Company (NIC), in the infrastructure space in the country’s power and government sectors. |
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| “We have done the largest SI deal with the Indian market, but now, we are looking at other markets like the Middle East, South Africa and China,” said Anant Gupta, president of HCL Technologies’ Infrastructure Services Division (ISD). |
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| IT Outsourcing fueling business transformation |
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| Kiran Bhagwani (Sr. VP & Global Head of System Integration & Technology Services, HCL Technologies) said that customers are looking at strategic partnerships and are moving toward ‘result-based pricing’. HCL Technologies’ cloud offering for tools, MTaaS, has detailed reporting on the business impact of IT, besides deep dive visibility in governance, risk & compliance. |
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| Two routes to social transformation |
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| The article is themed around the WEF Annual Meetings of New Champions (AMNC) organized in Tianjin, China, where Vineet was a plenary speaker. Despite the attendance of many Indian heavyweight business leaders at WEF AMNC, this piece is the solo coverage of the event in TOI, thereby positioning Vineet as a representative voice of the Indian Industry at large. |
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