Indian outsourcer HCL Technologieshas posted
impressive results for the second quarter, with sales and profits
dramatically up.
HCL, which recently signed a big outsourcing deal with insurance
firm Skandia, saw a year-on-year sales increase of 41% to $331m
(£175m) for the quarter. Net profits rose 61% to $64.7m (£34m).
The company’s headcount also rose by 1,865, taking the total up
to 38,320 by the turn of the year.
Shiv Nadar, HCL’s CEO, said, "HCL is one of the fastest-growing
Indian IT companies. In qualitative terms, the Skandia deal is
another proof point of our leadership in value-centric,
multi-service multimillion-dollar deals."
The firm reported that its business process outsourcing business
grew by 12% compared with the previous quarter, helped by contract
wins in the UK and US insurance markets.
Skandia signs £105m outsourcing deal with
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