Europe Revenues up 6.3% QoQ in constant currency

 

London – UK , 17th January, 2012 – HCL Technologies Ltd. (HCL), a leading global IT services provider, today announced results for the quarter ended December 31, 2011. In this 2nd Quarter of FY 2012, HCL’s revenues reached US$ 1,022 mn, up 3.7% sequentially and 18.7% YoY, in constant currency.

 

During this period, HCL Europe business posted a revenue increase of 6.3% QoQ in constant currency.

 

Commenting on the quarterly results for Europe, Rajeev Sawhney, President, HCL Europe said, ”We are pleased to report a strong set of numbers for Europe this quarter. The momentum from Continental Europe and our focus on increasing client intimacy has ensured a continued growth trajectory for the geography despite volatility in the macro environment. ”

 

 Europe highlights for Q2 FY 2012:

 

• HCL has been selected by AstraZeneca, one of the world’s leading biopharmaceutical company, as a strategic infrastructure outsourcing partner. HCL will be responsible for the provision, management and transformation of AstraZeneca’s global Hosting and Collaboration environment. As part of the five year engagement, HCL will be responsible for managing AstraZeneca’s entire Data Centre environment across over 60 locations globally including hosting and migration of some of the existing large Data Centers into state-of-the-art facilities. In addition, HCL will manage AstraZeneca’s global Collaboration environment including Email, Messaging and Collaboration Services for users worldwide. HCL will also deliver transformational projects including Server Virtualization, Storage and Backup transformation and implementation of the hybrid cloud.
• HCL has been selected by a leading European bank for a multi-million Business Services (BServ) engagement and implementation of SAP AMS and BASIS support services. BoI
• HCL organized an event titled ”Industry ENsight” in Eindhoven, Netherlands to serve as a platform for thought leadership on Smart Products
• HCL has been felicitated with the European HCM Excellence Award 2011 in ”Business HR Champion Category” at Human Asset 2011 Summit, in recognition of its excellence in Human Capital Management practices.
• HCL was presented with the SAP® Mobility Showcase Award for SAP partners at the SAPPHIRE® NOW conference in Madrid. This award was presented in recognition of HCL’s expertise and capabilities in enterprise mobility applications space.

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HCL Technologies – Financial Highlights

• Q2 Revenues at US$ 1,022mn, Up 3.7% QoQ & 18.7% YoY in constant currency
• Revenues Up 2.0% QoQ & 18.3% YoY on US$ basis
• Net Income at US$ 112mn; up 25.6% YoY
• Top 5 and Top 10 customers post sequential growth of 7.7% and 4.9% respectively
• Gross Employee addition of 7804 during the quarter taking total headcount to 83,076

 

Europe – Financial Highlights

• Europe Q2 2012 Constant Currency Revenues grow at 6.3% QoQ
• Europe posted a CY11 vs CY10, revenue growth of 29.6%
• The four quarter CQGR growth of Europe at 4.5% 

 

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