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HCL posts strong quarter growth

Computerworld staff writer | April 25, 2011
Regions score combined 21.7 per cent growth in revenue from previous quarter.

SINGAPORE, 25 APRIL 2011-Outsourcer HCL Technologies has revealed that its overseas business revenues posted an 80-per cent jump year-on-year for its quarterly results ending 31 March this year.

Categorised as Rest of the World (ROW), it comprises of APAC, Middle East, South Asia, ANZ and Africa. ROW posted a strong revenue growth of 21.7 from the previous quarter and 80.8 from the previous year. This quarter also saw the region cross US$ 500 million mark in revenue.

"The ROW region has seen 4 quarters of double digit growth with over 80 per cent year on year increase in revenue this quarter. Our investments in infrastructure, people and new business propositions like enterprise mobility services along with continued focus on delivering value to our customers has ensured an unparalleled growth momentum," said Virender Aggarwal, President - Asia, Africa and Middle East, HCL Technologies. He added that the Singapore office added some 150 staff as the company continued its expansion.

Highlights for the previous quarter include earning positive ratings by IDC and TPI, as well as opening a R&D lab in Singapore. One major customer win was with an Australian bank to implement an organisation-wide payments solution.

Meanwhile, HCL's global revenues increased by 33.5 per cent year-on-year to US$ 915 million and net income rose 16.5 per cent.

 

 

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