HCL Technologies Rest of World Region Revenues up 23.8% YoY (on LTM basis)

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HCL Technologies Ltd

18 Apr, 2012, 13:02 GMT

NOIDA, India, April 18, 2012 /PRNewswire/ --

- HCL Technologies Q3 2012 Revenues at US$ 1,048 mn, Up 14.6% YoY and 2.5% QoQ

HCL Technologies Ltd. (HCL), a leading global IT services provider, today announced results for the quarter ended March 31, 2012. In this 3rd Quarter of FY 2012, HCL's revenues reached US$ 1,048 mn, up 14.6% YoY and 2.5% QoQ. This quarter also marks HCL's achievement of $4 bn LTM revenue milestone.

HCL Rest of World (ROW) region posted a revenue increase of 23.8% YoY (on LTM basis).

RoW's highlights for Q3 FY 2012:

• HCL has strategically aligned with Cisco to open a South Africa Glocal Centre of Excellence (GCoE) in Johannesburg as part of its commitment to build a socially responsible business. The Johannesburg GCoE will serve as a local support center for HCL and Cisco's South African clients. It will also train local engineers on advanced Cisco technologies to support clients across Africa and specifically South Africa.

• HCL entered into an engagement with a leading state government road authority to develop a smarter, integrated and inter-connected traffic management system. This innovative Enterprise Standard Traffic Information System is the first of its kind in the APAC region.

• HCL has won a Core Banking Transformation deal from a large state owned bank in Malaysia.

• HCL has won a deal with a leading consumer-electronics company in Japan to develop and test Android applications for their digital camera models as well as to develop functions for their Digital Imaging Products.

HCL Technologies - Financial Highlights

  • Revenue at US$ 1,048 mn; up 14.6% YoY & 2.5% sequentially on US$ basis
  • EBIT at US$ 164 mn; up 24.6% YoY
  • Net Income at US$ 121 mn; up 17.1% YoY
  • Deals won exceed US$1.5 bn in TCV
  • HCL crosses US$4 bn in LTM revenue
  • Total headcount at 82,464

Rest of World (RoW) - Financial Highlights

  • RoW grows 23.8% YoY (on LTM basis)
  • RoW Q3 2012 Revenues up 11.4% QoQ
  • RoW's contribution to overall HCLT's revenue during the quarter is 15.7%

For more details please visit: http://www.hcltech.com/sites/default/files/hclt-q3-2012-jfm12-ir_release.pdf

For details contact
Samrat Banerjee
HCL Technologies Ltd.
Email: samrat.banerjee@hcl.com
Tel: +65-6512-9444
http://www.hcltech.com
http://www.hcl.com