HCL Technologies Strengthens Management’s Intensity On 21st Century Enterprise Strategy
Noida, India, July 15th 2016 – HCL Technologies (HCL), a leading global IT services company, will further strengthen its 21st Century Enterprise strategy.
The 21st Century Enterprise strategy is a blueprint for re-aligning IT consumption formats to outcome-based, service-oriented, ecosystem-enabled, experience-centric and lean solutions. HCL consolidated its leadership in existing services lines, while attaining an industrialized, agile operating model, fueled by seamless business processes which have truly delivered customer value ‘beyond the contract’.
Timely investments, niche Intellectual Properties, globally envied skilled talent and a highly engaged customer community have provided great competitive strength to the company, helping it achieve significant leadership in delivering Enterprise and Operations IT. HCL is evolving its service offerings into integrated propositions, which are witnessing increased demand and wins in momentum plays, across all segments and regions.
A role of Chief Operating Officer has been established to accelerate growth in the core business. C Vijay Kumar, currently President, Infrastructure Services will take on this additional responsibility and continue to report to Anant Gupta, President & CEO.
This will balance acceleration of new propositions and create the required ecosystems that build equivalent momentum in Business Technology through investments in offerings like BEYONDigital, IOT Works and Next-Gen ITO, which offer a unified experience through Multi-modal IT to its clients.
The company gains competitive advantage by increasing its management intensity to shape the strategy and culture required to service clients as they evolve into being a 21st Century Enterprise and furthers the industry leadership position it has attained.
About HCL Technologies
HCL Technologies is a leading global IT services company working with clients in areas that impact and redefine the core of their businesses. Since its emergence on global landscape after its IPO in 1999 and listing in 2000, HCL Technologies, along with its subsidiaries, today operates out of 32 countries and has consolidated revenues of US$ 6.2 billion, for 12 months ended 31 March, 2016. HCL focuses on 'transformational outsourcing', underlined by innovation and value creation, offering an integrated portfolio of services including BEYONDigital, IoT WoRKS, Engineering Services Outsourcing and Next-Generation IT Outsourcing that focuses on transformation-led integrated infrastructure services, applications services and business services. HCL leverages its extensive global delivery capabilities and integrated innovation labs across the world to provide holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Telecommunications, Media, Publishing & Entertainment, Retail & CPG, Life sciences & Healthcare, Oil & Gas, Energy & Utilities, Travel, Transportation & Logistics and Government. With 104,896 professionals from diverse nationalities, HCL Technologies focuses on creating real value for customers by taking 'Relationships Beyond the Contract'. For more information, please visit http://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.
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