Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  HCL Technologies    HCLTECH   INE860A01027

HCL TECHNOLOGIES

(HCLTECH)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

HCL Technologies Limited : HCL Technologies Named Outsourcing Service Provider of the Year 2012

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/31/2012 | 02:58am EDT

Published Date: 

Oct 31, 2012

LONDON, 31 October 2012 - The National Outsourcing Association (NOA) has named leading global IT services company HCL Technologies as its 2012 Outsourcing Service Provider of the Year.

The announcement was made at a gala ceremony in central London on 25th October, and saw HCL recognised for its commitment to its customers and employees, as well as its excellence in driving innovation in the industry.

In awarding the Outsourcing Service Provider of the Year Award, the NOA's judging panel considered HCL's contribution to a number of key areas, including its approach to innovation, strategy, best practice and governance and partnerships. Each of these areas was identified as essential for driving the industry further forward in an increasingly unstable economic climate.

Steve Cardell, Corporate Vice President - Europe, HCL Technologies, said, "We're delighted to have won this award, particularly in the face of such fierce competition. I strongly feel that this award is an acknowledgement of the fact that we're seeing an ever-increasing number of traditional outsourcing models collapsing in the global market. It also offers a clear endorsement of the role we have played in adding value to end-user organisations that are dissatisfied with existing suppliers.


"HCL is committed to driving innovation within the industry by working alongside customers to provide an alternative outsourcing model that allows value to be created. In taking this alternative approach, we have not only been able to help customers to transition from existing contracts with suppliers but also to achieve significant ROI."

HCL's commitment to making employee satisfaction its primary focus is embodied by its pioneering 'Employees First, Customers Second' (EFCS) philosophy, which has enabled a transformation in its business. By encouraging a unique management culture, HCL has been able to drive innovation across the business, empowering employees to transform client engagements and deliver greater customer satisfaction. As a result, HCL recently reported an increase in quarterly revenues of 3.2% QoQ to US$ 1,114m with the European business posting a revenue increase of 16.4% YoY in Q1 FY2013, and 2.8% QoQ in the first quarter of FY 2013. 

About HCL Technologies

HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on 'transformational outsourcing', underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 31 countries to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer Services, Public Services and Healthcare. HCL takes pride in its philosophy of 'Employees First, Customers Second' which empowers our 85,335 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 4.3 billion ( 22,471 crores), as on 30th September, 2012 (on LTM basis). For more information, please visit www.hcltech.com


About HCL Enterprise

HCL is a $6.2 billion leading global technology and IT enterprise comprising two companies listed in India - HCL Technologies and HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups. A pioneer of modern computing, HCL is a global transformational enterprise today. Its range of offerings includes product engineering, custom & package applications, BPO, IT infrastructure services, IT hardware, systems integration, and distribution of information and communications technology (ICT) products across a wide range of focused industry verticals. The HCL team consists of over 90,000 professionals of diverse nationalities, who operate from 31 countries including over 500 points of presence in India. HCL has partnerships with several leading global 1000 firms, including leading IT and technology firms.

Forward Looking Statements

Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes', 'strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies / entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward looking statements made herein will prove to be accurate, and issuance of such forward looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward looking statements made herein are based on information presently available to the management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.


Contact Details

HCL Technologies
Ranjana Sharma
RanjanaS@hcl.com
HCL Technologies, Europe
DID: +44 (0) 207 105 8661
MOB: +44 (0) 7921 699137

LEWIS PR
Jon Brigden / Laura Spence
+44 (0)20 7802 26 26
hcl@lewispr.com

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on HCL TECHNOLOGIES
06/12HCL TECHNOLOGIES : partners with Google Cloud
AQ
06/12HCL TECHNOLOGIES : presents multi-band mobile backhaul solution
AQ
05/29Indian IT firms looks homeward as digital transformation kicks in
AQ
05/29Indian IT looks homeward as digital transformation kicks in
AQ
05/24HCL EXPOSED EMPLOYEE PASSWORDS, PROJ : Australian security firm
AQ
05/23UPGUARD INCIDENT : HCL Response
AQ
05/16HCL TECHNOLOGIES : Ex-dividend day for interim dividend
FA
05/15HCL TECHNOLOGIES : will make space for 2,000 IBM staff
AQ
05/15HCL TECHNOLOGIES : Tech to hire 2,000 IBM employees as part of $1.8 bn software ..
AQ
05/15HCL TECHNOLOGIES : to bring 2,000 IBM staff onboard as part of $1.8-billion deal
AQ
More news
Financials (INR)
Sales 2020 695 B
EBIT 2020 133 B
Net income 2020 108 B
Finance 2020 112 B
Yield 2020 2,35%
P/E ratio 2020 13,61
P/E ratio 2021 12,32
EV / Sales 2020 1,95x
EV / Sales 2021 1,74x
Capitalization 1 468 B
Chart HCL TECHNOLOGIES
Duration : Period :
HCL Technologies Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HCL TECHNOLOGIES
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 41
Average target price 1 203  INR
Spread / Average Target 11%
EPS Revisions
Managers
NameTitle
C. Vijayakumar President & Chief Executive Officer
Shiv Nadar Chairman, Chief Strategy Officer & MD
Prateek Aggarwal Chief Financial Officer
Kalyan Kumar B. Chief Technology Officer-IT Services & VP
Robin Ann Abrams Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
HCL TECHNOLOGIES12.72%21 727
TATA CONSULTANCY SERVICES19.09%121 590
ACCENTURE31.18%117 440
INTERNATIONAL BUSINESS MACHINES CORPORATION19.43%113 730
VMWARE, INC.22.72%69 364
AUTOMATIC DATA PROCESSING26.25%67 896