HCL Tech ovetakes Wipro to become India's third biggest IT services firm
HCL Technologies has toppled Wipro to become the third-largest software services company in India in terms of dollar revenue, clocking a topline of USD 2.05 billion during the June quarter
The Noida-based company said it had witnessed broad-based growth driven by Technology and Services (36 percent), Lifesciences and Healthcare (10.2 percent), Financial Services (9 percent) and Retail and CPG (7 percent) on LTM (last twelve months) constant currency basis.
HCL Technologies said it signed 27 transformational deals during the quarter, led by strong momentum in telecom, financial services, retail - CPG and energy and utility verticals.
"We achieved highest-ever bookings in this quarter led by our next-gen Infrastructure services as well as Mode 2 offerings. Our combined Mode 2 and 3 offerings contributed 26.6 percent of our revenues and it grew 9.6 percent quarter-on-quarter," HCL Technologies President and CEO C Vijayakumar said.
The company will continue to invest in its next-generation portfolio to help enterprises build their digital future, he added.
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