HCL Technologies Announced Fourth Quarter and Annual Results FY 2011
Key Highlights of the quarter
- Revenue at US$ 963 mn; up 30.5% YoY & 5.3% sequentially
- EBIT at US$ 149 mn; up 31.8% YoY & 13.0% sequentially
- Net Income at US$ 114 mn; up 55.3% YoY & 10.5% sequentially
- Announces final dividend of Rs. 2 per share, 34th consecutive quarter of dividend payout, taking the total dividend for the year to Rs. 7.5 per share
- Gross & Net Employee addition of 9,572 & 3,626 respectively taking total headcount to 77,046
Highlights for the Year (US$): FY 2011
- Revenue at US$ 3,545 mn; up 31.1% YoY
- Net Income at US$ 378 mn; up 34.9% YoY
- Gross & Net Employee addition of 37,270 & 12,489 respectively taking total headcount to 77,046
HCL Technologies and VMware enter into next level of Strategic Alliance
HCL Technologies and VMware have extended their strategic alliance and have partnered under the System Integrator & Outsourcer (SI&O) & vCloud Program.
The latest Enterprise License Agreement (ELA) encompasses vast VMware product portfolio that caters to all IT transformation and business agility needs, being driven by cloud computing. The previous ELA between HCL Technologies and VMware enabled access to vSphere Enterprise/ Enterprise Plus, VMotion, DRS, DPM, and HA among others.
HCL has signed an engagement with Xerox for end-to-end product engineering services
HCL technologies entered into a partnership with Xerox for end-to-end product engineering services. This partnership aims to help Xerox strengthen its global engineering operations and continue to innovate in the product development operations leveraging HCL’s core engineering services strengths.
As part of the partnership, few hundred of Xerox employees from five global locations across US & Europe will join HCL and strengthen our global delivery capability in system and software engineering. The in-coming team brings technology capabilities in complex system development, technology focus areas like Imaging, control system design and high speed data management systems etc. The HCL team will be investing in significant trainings, infrastructure, processes and tools – that will also help our global customers.
Epicor and HCL Technologies Sign Long-term Strategic Partnership
Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations and HCL Technologies Limited (HCL), a leading global IT services provider, announced a services partnership to meet the growing demand for the award-winning next-generation Epicor 9 Enterprise Resource Planning (ERP) suite. The partnership expands HCL's presence in the broader mid-market segment while bringing effective global implementation and services capabilities to Epicor's existing and new ERP suite customers.
Under this partnership, HCL will expand the overall Epicor® services capacity, helping meet the demand for services and speeding the implementation for Epicor's ERP customers. The demand for implementation services is strong with close to 400 customers worldwide live on Epicor 9 ERP and a further 1,500 projects in process having been shipped to more than 2,100 businesses in 60 countries, including shipments to over 900 new customers.
Dex One and HCL Technologies to optimize digital platform development
Dex One Corporation, a leading marketing solutions provider, announced plans to energize its digital operations and optimize the development of digital solutions by partnering with HCL Technologies. The initiative is part of Dex One’s strategic plan to accelerate delivery of new digital offerings while reducing operational costs.
Through this engagement, Dex One will add significant technical expertise and capacity to its product engineering and development teams. The company will strengthen its IT footprint, IT help desk support and quality assurance, and will increase flexibility for future IT growth across mobile and online platforms, including iOS, Android development, cloud-based device testing, Web 2.0, data warehousing and business intelligence.
HCL partners with Trintech to improve clients’ Record to Report processes
HCL Technologies Ltd. has entered into a partnership with Trintech, a leading financial software provider. HCL will leverage Trintech’s ‘Last Mile of Finance’ platform to deliver cost reduction and process improvement capabilities for its customers.
Trintech offers a robust web-based platform on which HCL can transform its clients’ R2R processes. By leveraging Trintech’s ‘Last Mile of Finance’ platform, HCL will provide clients with complete, real-time visibility across multiple ERPs and disparate legacy systems. The Trintech platform enables HCL to automate clients’ reconciliations and streamline the entire financial close process to ensure compliance, improved cycle times and reduced costs.
Prime Minster John Key witnesses new signing between HCL & Finzsoft
At a signing ceremony witnessed by New Zealand Prime Minister Rt. Hon John Key, HCL Technologies Ltd., extended the global partnership with New Zealand finance and banking specialist and one of Australasia’s leading proprietary banking and finance software solution companies Finzsoft Solutions Limited to deliver new high value technology solutions to the region’s banking and finance sector.
Eli Lilly and HCL announce unique collaboration to change new ideas to reality
Eli Lilly, a global pharmaceutical corporation and HCL Technologies Ltd. announced the opening of a Co-Innovation Lab in Singapore for developing novel technologies and improve operational efficiencies to enhance Eli Lilly’s global competitiveness.
This unique collaboration, the first globally for both companies, will accelerate the process of bringing ideas to fruition by leveraging this Co-Innovation Lab and HCL’s wider collaborative ecosystem, using new disruptive technologies and solutions, and through rapid development of Proof of Concept (PoC).
HCL Technologies wins the HP AllianceONE Partner of the Year Award
HP has recognized HCL Technologies as the “AllianceONE Partner of the Year” in the category of HP Cloud Computing – Service Provider. The HP AllianceONE Partner of the Year Awards are presented to an exclusive set of HP alliance partners in recognition of their outstanding accomplishments in the development and delivery of innovative solutions that achieve standard-setting levels for business excellence and client satisfaction.
HCL won this award for providing transformational infrastructure as a service program to one of the leading European manufacturers. HCL SAPoD solution, which were implemented at the customer’s site, offered several tangible benefits. They are:
Agility in server deployment
- Reduction in concept-to-implement timelines, hence enabling more competitive products
- Reduction in capital investments and the overall business process complexity
- Client could focus more on product innovation rather than wasting time in maintaining IT systems
- Pay-per-use model reduced overheads and costs for research and development
HCL ISD's customer Energy Future Holdings wins Computerworld Laureate 2011 Recognition
Nominated by HCL ISD for its "Business Responsiveness" and "Emerging Technology," the customer will receive this prestigious award during the 2011 Computerworld Honors Program, a gala awards evening and Laureate Medal ceremony, to be held in Washington DC on 20th June, 2011.
The 2011 Computerworld Honors Program recognizes only those organizations, which create and use information technology to promote and advance public welfare, benefit society and change the world for the better.
HCL becomes first global IT services company to Join Advanced Message Queuing Protocol (AMQP) Working Group
HCL Technologies Ltd. has been selected to join the Advanced Message Queuing Protocol (AMQP) working group, which is dedicated to the development of an open standard application layer protocol for message-oriented Middleware.
As the only IT services provider among the AMQP working group, HCL will work with other members to provide guidance in developing an industry standard for ubiquitous messaging and drive interoperability among disparate messaging systems. Members of the AMQP working group include Cisco, Credit Suisse, Deutsche Boerse Systems, The Goldman Sachs Group Inc., iMatix Corporation, J.P. Morgan, Novell, Rabbit Technologies Ltd., and Red Hat Inc.