HCL Technologies moving forward complementing the digital age

HCL continues to create a sustained positive impact on the economic ecosystem it operates in by powering enterprises, stakeholders and partners through next-generation transformational services, participative value creation and innovation driven initiatives.

HCL has signed 17 transformational deals reflecting a mix of Mode 1 and Mode 2 services led by Digital & Analytics, Cloud Native, IoT Works, Cybersecurity, along with Infrastructure Services, Engineering and R&D Services and Business Services.

Roshni Nadar Malhotra has been appointed as the Vice Chairman of the Board of Directors of the Company with effect from October 22, 2018. She continues to be the Non-Executive Director of the Company.

HCL Technologies commemorated its 30-year journey in the United States. Over the past three decades, HCL has built a vibrant and strong ecosystem in the United States through its business and societal endeavors. The team now includes more than 15,000 employees, 64% hired locally and serving across 21 states and six large- scale Global Delivery Centers and two major innovation labs in Digital and IoT, collaborating with clients on technology innovation, complex engineering and business transformation. 

As part of HCL’s continuing investment and commitment to Europe, growing German market and global Automotive market, HCL completed the acquisition of Wolfsburg-based IT and engineering services provider H&D International Group (H&D). H&D’s existing delivery center in Gifhorn, Germany, has become part of HCL’s global delivery footprint and will focus on IT and engineering services in Germany, Europe, and around the world. 

HCL also completed the acquisition of Actian Corporation in collaboration with technology-focused PE firm Sumeru Equity Partners (SEP). Actian is a leader in hybrid data management, cloud integration, and analytics solutions powering insight-driven enterprises around the globe to help them solve the toughest data challenges. This acquisition is positioned to play a critical role in enhancing HCL’s Mode-3 offerings in Data Management products and platforms. Actian’s products, when combined with HCL’s Mode-2 solution offerings like Cloud Native, Digital and Analytics, and DRYiCETM, will yield a powerful proposition to harness the power of hybrid data. 

Continuing its tradition of ideapreneurship and culture of innovation, HCL filed 17 patents, with another six patents granted during the quarter. Research, discovery and invention came from HCL employees in various next generation technologies and platforms, including data analytics and simulation, automation and machine learning, among others. 

HCL successfully launched the global digital experience platform for Manchester United Official. The launch is part of the ongoing digital transformation of the world’s leading sport club, providing a real-time, engaging, personalized, and unified experience to Manchester United’s 659 million global followers, which supports the club’s strategy to become a Digital Sports Enterprise. 

HCL announced the launch of IoT COLLAB, with dual-location IoT innovation centres in Seattle, Washington, and Noida, India. Each IoT COLLAB serves as a collaborative incubation lab that lets Fortune 500 companies accelerate IoT initiatives by bringing together the ultimate ecosystem, with technology experts, partners, financial advisors, and other relevant IoT stakeholders to take advantage of what is expected to be a $1 trillion market opportunity by 2021. 

HCL was recognized for its best HR practices at the Brandon Hall Excellence Awards 2018 for the fourth consecutive year. HCL won the Gold Award for “Best Advance in Coaching and Mentoring”. It also won Silver Awards for “Best Advance in Leadership Development Strategy”, “Best Inclusion and Diversity Strategy”, “Best Advance in Leadership Development for Top Gun Program”, “Best Advance in Succession and Career Management” and “Best Advance in Employee Engagement”. 

"Technology continues to be at the center stage of enterprise digital transformation and all forward-looking companies are using it to differentiate in the marketplace. HCL with its deep capabilities and innovation mindset along with HCL's commitment towards CSR, diversity and inclusion remains at the forefront of this changing industry dynamic,” said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies Ltd.

"We continue to deliver strong and consistent QoQ revenue and margin growth performance. This quarter we posted 3% revenue growth in constant currency fueled by Global Infrastructure Services, Engineering and R&D and Mode 2 next-gen services. Additionally, our Mode 3 revenue continues to accelerate and achieved the billion- dollar annual run-rate milestone. We remain confident of retaining this growth trajectory going forward,” said C.Vijayakumar, President & CEO, HCL Technologies Ltd.

"We delivered a robust performance of 10.5% YoY revenue growth in constant currency and EBIT margin at 19.9%, near the mid-point of our guided range. We are very happy to report that our Net Profit has crossed a milestone of ` 10,000 crores on run-rate basis. At ` 2,540 crores for the quarter, the Net Profit was up 5.7% QoQ and 16.1% YoY. Further, we successfully concluded the Buyback programme of ` 4,000 crore on Oct 11th and have posted robust Return on Equity at 25.8% on LTM basis,” said Prateek Aggarwal, CFO, HCL Technologies Ltd.