NOIDA, India, July 29, 2010 /PRNewswire/ -- HCL Technologies Ltd. (HCL), a leading global IT services provider, today announced results for the year and quarter ended June 30 2010. For the full year, HCL's global revenues increased by 24.1% to $2.7bn. During the quarter, HCL posted strong growth with revenues increasing by 21.5% YoY to $738 mn.

Commenting on HCL's RoW (Rest of World: APAC-MEA) results, Virender Aggarwal, Executive Vice President Head of RoW Markets, HCL Technologies said, RoW geography today contributes to more than 13% of HCL Technologies' revenues. During the financial year 2010, our RoW business has posted an encouraging annual growth of 30.4 % on YoY basis. We signed some marquee deals in the region, riding successfully on the glocalized delivery model. As we step into the next financial year, we stay committed to growing substantially - both in terms of absolute figures as well as percentage contribution to HCL's revenue base.

The year witnessed HCL's RoW operations, regionally headquartered out of Singapore, shifting to the next trajectory of growth with business flowing from new geographies including Africa, Middle East Indonesia. Existing markets like Japan, ANZ and ASEAN also recorded a very healthy growth from the existing client base, and new significant customer engagements. The engagements include high-end consulting led partnerships, Enterprise Application Services, large Infrastructure Transformational engagements like the one signed recently with Singapore Exchange.

HCL AXON, a division of HCL Technologies, won the Frost Sullivan Aerospace IT Solutions Provider 2010 award for its outstanding performance and industry contribution in the Aerospace Defence industry in Asia-Pacific.

HCL also opened its regional headquarters for the Middle East in Dubai, UAE. This quarter, HCL won its first deal for the implementation of the Oracle E-Business Suite of applications for a Qatar based Group that provides trading, construction, manufacturing and industrial services.

HCL was chosen as the National System Integrator (NSI) for Array Networks, a global leader in secure applications delivery. HCL will be the tier-1 reseller in India and the SAARC countries.

CEO Vineet Nayar continued to articulate HCL's innovative management philosophies through his new book titled, Employees First, Customers Second, which tells the story of how HCL turned conventional management thinking on its head to revitalize and transform performance in the age of Gen Y, social media, and increasing transparency between management and employees.

Q4 FY 2010 Financial Highlights for HCL Technologies

- Revenue at US$ 738 mn; up 21.5% YoY and up 7.7% sequentially - Revenue on constant currency basis up 9.1% sequentially - Net Income at US$ 74 mn, up 6.9% YoY - Net headcount additions of 6,428 made taking total headcount to 64,557

Q4 FY 2010 Financial Highlights for RoW

- RoW business posts 30.4% growth YoY in FY10 over FY09 - RoW business posts 8.3% QoQ revenue growth for AMJ 10

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 RD services and BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 26 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 'Employee First' which empowers our 64,557 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 2.7 billion (Rs. 12,565 crores), for the year ended on 30th June 2010. For more information, please visit http://www.hcltech.com

About HCL

HCL is a $5 billion leading global Technology and IT Enterprise that comprises two companies listed in India - HCL Technologies HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups, a pioneer of modern computing, and a global transformational enterprise today. 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 focused industry verticals. The HCL team comprises over 64,000 professionals of diverse nationalities, 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. For more information, please visit http://www.hcl.in

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.

For details, contact Dhwani Tandon, HCL Technologies Mob +91-9560913334 Email: Dhwani.Tandon@hcl.in

SOURCE: HCL Technologies

CONTACT: For details, contact: Dhwani Tandon, HCL Technologies, Mob+91-9560913334, Email: Dhwani.Tandon@hcl.in