HCL Tech Q3 revenues up by 34% YoY

Quotes with Resistance & Support

Market Information

HCL Tech Q3 revenues up by 34% YoY

This article was posted on Apr 15, 2008 and is filed under Press Releases

Over the past few years, HCL has set the pace for the industry by pioneering Value Centricity and Employee First – a focus that has been a key ingredient of our continued leadership. Towards the end of 2007, we promised to continue this transformation journey, and enhance it by way of Collaboration. The quarter under review, once again witnesses results owing to the strong foundation laid with Collaborative Transformation as a way of doing business.

“The HCL strategy embodying a unique kind of disruptive innovation in its business model focusing on Value Centricity and internal organization focused on Employee First has resulted in deepening customer relationships and strategic partnerships where there is collaboration, goal alignment and substantive engagement”, said Shiv Nadar, Chairman & Chief Strategy Officer, HCL Technologies.

“HCL continues its leadership in winning large transformational deals with this quarter closing deals worth US$ 500 mn. Our Blue Ocean approach to business continues to pay rich dividends, this quarter being fourth consecutive for margin expansion and fifth consecutive with declining attrition. HCL’s Global Services partnership with SAP and strategic acquisition of Capital Stream are some specific steps we have taken towards enhancing value and accelerating growth for our customers,” said Vineet Nayar, CEO, HCL Technologies.

“This was a quarter of consolidation for the BPO Division. We managed to sustain our profitability in spite of the various pressures on margins. Attrition was one of the lowest during this quarter, and there was a net head count addition of 1374 employees during this quarter”, said Ranjit Narasimhan, President & CEO, HCL Technologies-BPO Services.

Sourced From: Genesis Burson-Marsteller

Tags: calls, daytrading, free calls, intraday, tips