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Net income rises at HCL Technologies

Rochester Business Journal
April 17, 2014

HCL Technologies Ltd., a global information technology services provider, posted a profit of $264.2 million, or $1.50 a share, for its third quarter. The 40 percent increase beat analyst expectations.

Net income was up from $188.9 million, or $1.07 a year ago. Revenue for the quarter rose to $1.36 billion, up from 14.7 percent a year ago.

Xerox Corp. outsourced approximately 250 local engineering positions to HCL Technologies in 2011. The company employs more than 250 employees locally.

HCL Technologies, based in India, added more than $1 billion in new client revenue, including two new clients in $50 million and $30 million categories.

The company’s growth stemmed from its applications, infrastructure services and emerging digital systems integration, officials said.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.


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