HCL is a $5 billion leading global Technology and IT Enterprise that comprises two companies listed in India – HCL Technologies & HCL Infosystems. Its range of offerings spans Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products across a wide range of industry verticals. The HCL team comprises over 62,000 professionals, who operate from 26 countries including over 500 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms.

Financial Highlights – Consolidated results for the quarter ended March 31, 2010

• Quarterly Revenue at US$ 685 million; up 21.4% YoY & 5.1% sequentially
• Revenue on constant currency basis, up 16.2% YoY & 6.9% sequentially
• EBIT at US$ 111 million; up 19.9% YoY & 2.6% sequentially
• Net Income at US$ 77 million; up 78.1% YoY & 20.1% sequentially
• Announces dividend of Rs. 1 per share, 29th consecutive quarter of dividend payout
• Gross employee addition of 7,136 taking the headcount to 58,129 

IT Services Highlights for the Quarter

• Revenue at US$ 633.2 million; up 24.6% YoY & 6.6% sequentially
• Revenue on constant currency basis, up 19.4% YoY & 8.2% sequentially
• EBIT at US$ 115.8 million; up 33.8% YoY & 8.8% sequentially
• Margin expansion; 130bps YoY & 40bps sequentially
• Gross & Net employee addition of 5,730 & 3,152 respectively

Business Highlights

• HCL opened its regional headquarters for the Middle East operations in Dubai, UAE. HCL will offer services across a wide range of service lines including Product Engineering and R&D, Custom Applications, Enterprise Application Services, Infrastructure Management Services and BPO.
• HCL has opened a new Centre of Excellence in Chennai, India to provide engineering applications design, development and support for applications that the Boeing Test & Evaluation (BT&E) organization uses on various products.
• HCL has joined the Research in Motion ELITE program as a global systems integrator to offer large enterprise mobile solutions on blackberry platform to their combined user base across the globe.
• HCL has a suite of products under the brand “iGovern” which are focused towards Child Care, Workers’ Compensation, Fraud Investigation, Judicial Court and Vocational Rehabilitation.
• HCL has become an inaugural member of the Cisco Eos Partner Program to help Media and Entertainment companies enhance entertainment experiences built on the Cisco Eos™ social entertainment platform.