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HCL records US$1.05B revenues for Q3 2012

Anuradha Shukla | April 19, 2012
Revenues up 14.6 percent year-on-year and 2.5 percent quarter-on-quarter basis.

Revenues for global IT services provider HCL Technologies Ltd. (HCL) reached US$1.048 billion in the third quarter of financial year 2012 (Q3 FY 2012).

Announcing results for the quarter ending on 31 March 2012, HCL said that its revenues are up 14.6 percent year on year (YoY) and 2.5 percent quarter on quarter (QoQ).

In this quarter, HCL also achieved US$4 billion last 12 months (LTM) milestone and posted a revenue increase of 23.8 percent YoY (on LTM basis) for HCL Rest of World (ROW) region.

The company strategically aligned with Cisco in Q3 FY 2012 to open a South Africa Glocal Centre of Excellence (GCoE) in Johannesburg.

It also won a Core Banking Transformation deal from a large state-owned bank in Malaysia in this quarter.

Socially responsible business

South Africa Glocal Centre of Excellence (GCoE) is part of the company's commitment to build a socially responsible business and will serve as a local support centre for HCL and Cisco's South African clients.

This GCoE will also train local engineers on advanced Cisco technologies to support clients across Africa and specifically South Africa.

HCL's third quarter of financial year 2012 was also characterised by its association with a leading state government road authority to develop an innovative Enterprise Standard Traffic Information System.

This smarter, integrated and inter-connected traffic management system is the first of its kind in the AP region, claims HCL that also won a deal with a leading consumer-electronics company in Japan.

HCL has been contracted by the Japanese company to develop and test Android applications for their digital camera models as well as to develop functions for their Digital Imaging Products.

 

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