Noida, India - Feb. 28, 2022 – HCL Technologies (HCL), a leading global technology company, has been named as the No. 1 player in the United States in Engineering R&D Services in the annual Zinnov Zones for ER&D 2021 ratings. The study also named HCL Technologies as a leader in Digital Engineering Services and global overall Engineering R&D Services.
"This recognition validates HCL Technologies' expertise in end-to-end engineering, R&D and Mode 2-led digital engineering services across multiple verticals. We enable our clients to leverage digital technology innovations to accelerate their business transformations sustainably and engineer enhanced user experiences," said Vijay Anand Guntur, President, Engineering and R&D Services, HCL Technologies.
HCL Technologies offers a balanced portfolio spanning traditional and digital engineering services. HCL also leverages its strong engineering expertise coupled with investments in labs and centers of excellence (COEs) to nurture and scale emerging technologies to help global enterprises develop next-generation products and platforms. With Industry 4.0, telecom modernization, and digital engineering, HCL Technologies witnessed strong demand steering growth at 8.3% QOQ and 19.7% YOY in constant currency in its Engineering and R&D business in the quarter ending Dec. 2021.
"HCL Technologies has been consistently recognized as a leader in global engineering R&D and digital engineering services by Zinnov, thanks to its rich expertise in product engineering, strong global infrastructure, investments in product and solution accelerators and new digital technologies across verticals. The firm's strong network of global partnerships, robust product and platform offerings, highly skilled talent, and engineering legacy make it a preferred engineering partner for clients across aerospace, enterprise and consumer software, industrial and telecommunications verticals, cementing its leadership position in the 2021 Zinnov Zones Engineering R&D Services assessment," said Sidhant Rastogi, Managing Partner, Zinnov.
In addition to being the No. 1 player in Engineering and R&D Services in the United States, HCL Technologies is the only service provider listed on the Indian stock exchange ranked among the top three providers in Japan. The Zinnov Zones study places HCL as a leader in AI (artificial intelligence) engineering, software platform engineering, consumer software, enterprise software, software cybersecurity, SDN-NFV (software-defined networking-network functions virtualization), aerospace, automotive, industrial, medical devices, semiconductor, telecommunication, ADAS (advanced driver assistance systems), telematics, digital thread, telehealth, OTT (over the top), AI/ML (artificial intelligence/machine learning) engineering – BFSI (banking, financial services and insurance) and contactless retail.
For this study, Zinnov evaluated 50 leading global engineering service providers based on a range of distinct parameters related to a service provider's scalability across verticals and the depth and maturity of services provided to enterprise clients.
To read the complete report, please visit Zinnov Zones for Engineering R&D Services 2021
About HCL Technologies
HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCL’s Mode 1-2-3 strategy, based on its deep-domain industry expertise, customer-centricity and entrepreneurial culture of Ideapreneurship™, enables businesses to transform into next-gen enterprises.
HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in the areas of applications, infrastructure, digital process operations and next generational digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering. P&P provides modernized software products to global clients for their technology and industry specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, categorized as Financial Services, Manufacturing, Technology & Services, Telecom & Media, Retail & CPG, Life Sciences & Healthcare and Public Services.
As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability and education initiatives. For the 12 months ended Dec. 31, 2021, HCL had consolidated revenue of US$11.18 billion. Its nearly 198,000 ideapreneurs operate out of 52 countries.
For more information, visit www.hcltech.com
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.
For further details, please contact:
Meenakshi Benjwal, Americas
Elka Ghudial, EMEA
Devneeta Pahuja, India and APAC