HCL Technologies revenue shines better than Wipro, Infosys and TCS

HCL Technologies Q2 fiscal 2018
HCL Technologies has posted revenue of $1,928 million (+11.9 percent) and net income of $339 million (+12.6 percent) in the second quarter ended September 2017.

“This growth trajectory is a result of the momentum our Mode 2 and Mode 3 services have created in the market even as our Mode 1 services continue to punch their weight. Our mature verticals like Manufacturing and Financial Services, which together contribute to 60 percent of our revenues, grew at 21.9 percent and 14.2 percent respectively, quarterly YoY,” said C Vijayakumar, president and CEO of HCL Technologies.

HCL signed 15 transformational deals. Insurance, healthcare, telecommunications, public services, hitech and manufacturing were the main verticals for HCL.

HCL has achieved revenue growth of 22.3 percent in manufacturing, 15.4 percent in Financial Services, 14.5 percent in Public Services, 9.2 percent in Retail & CPG and 7.4 percent in Lifesciences & Healthcare.

HCL added 24 clients in $5+ million, 11 clients in $10+ million, 2 clients in $20+ million, 3 clients in $40+ million, 5 clients in $50+ million and 1 client in $100+ million.

HCL Technologies has expanded its relationship with IBM to collaboration solutions, which include Notes, Domino, Smart Cloud Notes, Verse and Sametime with an objective to provide superior business value and support to the larger customer base.

14.6 percent growth in Americas, 13.3 percent in RoW and 12.7 percent in Europe.

“As technology–driven business models take root, organisations are adapting to the change by proactively investing in disruptions and technology innovations,” said Shiv Nadar, chairman and chief strategy officer of HCL Technologies.

Related News

Latest News

Latest News