HCL Annual Revenue Surges 18.6%

HCL Annual Revenue Surges 18.6%HCL Technologies has announced an increase of 18.6% in its annual revenues that stood at Rs 12,565 crores as against last year.

Indian IT giant recorded a 2 per cent growth in its net income, which has crossed Rs 1,303 crores this year.

The company declared their annual financial outcomes for fiscal year (FY) 2009-10 and also for the fourth quarter (Q4) on Thursday

For the fourth quarter as well, the company declared a 11.4% (quarter-on-quarter) and 17.8% (year-on-year) growth in revenues that amounted to Rs 3,425 crores.

For the fourth quarter, the net income of the group stood at Rs 342 crores.

The company also announced an increase of 10,341 in the employee headcount for the FY, taking the total to 64,557.

HCL CEO, Vineet Nayar, stated, "In the last 2 eventful years the top Indian IT Companies added $2.9 Bn of incremental revenues."

"HCL contributed $844 Mn translating to 30 per cent share of the incremental revenues. This has been made possible by our conscious and focused investment in employee and value centricity," Mr. Nayar added.

HCL Technologies is a $ 5 billion enterprise based in Noida, close to New Delhi, India and offers services including Software, Remote Infrastructure Management, Engineering and R&D Services and BPO. (With Inputs from Agencies)