HCL Technologies Annual Revenues up 24.1 % YoY; Quarterly Revenues up by 21.5% YoY and 7.7% Sequentially; Europe Annual Revenues up by 20.6% YoY in FY10

London, July 29, 2010 (ots/PRNewswire) - HCL Technologies Ltd. (HCL), a
leading global IT services provider, today announced results for the
annual 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.

During the year, HCL's Europe business witnessed a revenue
increase of 20.6% in FY'10. Its quarterly revenue grew 4.2% QoQ (in
constant currency term). This geography contributes more than 27% of
HCL Technologies' revenues. This demonstrates increasing market
recognition of the value HCL delivers to its customers in Europe and
validates HCL's Go-To-Market (GTM) strategy in the geography. The GTM
encompasses integrated horizontal, sector and geographic focus and it
is gaining momentum in ensuring HCL's success in a dynamic European
market environment that is geared to deliver a balanced growth, going
forward.

"Over the last year we have developed facilities, invested in
local operations and increased headcount in the region and with it
our ability to service European clients locally. This is a
continuation of our European growth strategy of making strong
investments during the downturn, to be best positioned to accelerate
our business forward in the European market." commented Rajeev
Sawhney, President for HCL Europe. "This commitment to Europe has
enabled us to welcome new clients to HCL, as well as extend current
relationships. This growth exemplifies the corner-stone of our core
philosophy on Employees First, Customers Second and in our success of
gaining momentum in the region.

During the last financial year, HCL has won a number of
significant contracts within its key vertical and horizontal service
lines in Europe. These include Equitable Life, GlaxoSmithKline, Royal
Mail, Sky Italia, St Gobain and News International.

CEO Vineet Nayar continued to articulate HCL's innovative
management philosophies through his new book titled, "Employees
First, Customers Second". The book unveils HCL's unique approach to
management and has received rave reviews across the business and
publishing worlds with high-profile interviews in the FT (View from
the Top), The Economist, and prime-time interviews on CNBC and
Bloomberg.

The analyst community has also commented on two of HCL's key
customer engagements in Europe. AMR published a case study on the SAP
implementation by HCL AXON for Birmingham City Council highlighting
the 'huge business value' generated (GBP400m worth of savings over
just three years). AMR categorised this as a 'business
transformation' case. Ovum have also published a case study on HCLs
engagement with DSG and sited several factors which have made the
relationship successful including flexibility, transparency and
responsiveness to changing circumstances and the time invested in the
business relationship.

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 Europe
- Europe posts 20.6 % revenue growth in FY'10 over FY'09
- Europe posts 4.2% QoQ revenue growth for AMJ'10 (in constant currency)

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

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 R&D 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 30th June
2010. For more information, please visit http://www.hcltech.com

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
HCL Technologies
Ranjana Sharma
HCL Technologies, Europe
DID: +44(0)207-105-8661
MOB: +44(0)7921-699137

ots Originaltext: HCL Technologies
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Contact:
CONTACT: For details contact: HCL Technologies, Ranjana Sharma,
HCLTechnologies, Europe, DID: +44(0)207-105-8661, MOB:
+44(0)7921-699137