HCL Technologies Americas Revenues up 19.3% YoY (on LTM basis)

HCL Technologies Q3 2012 Revenues at US$ 1,048 mn, Up 14.6% YoY and 2.5% QoQ

NOIDA, India, April 18, 2012 /CNW/ - HCL Technologies Ltd. (HCL) today announced results for the quarter ended March 31, 2012. In this 3^rd Quarter of FY 2012, HCL's revenues reached US$ 1,048 mn, up 14.6% YoY and 2.5% QoQ. This quarter also marks HCL's achievement of $4 bn LTM revenue milestone.

HCL's Americas business posted a revenue increase of 19.3% YoY (on LTM basis).

Commenting on the quarterly results for the Americas, Dr. Shami Khorana, President, HCL Americas, said, "HCL continues to consolidate its position as a competitive and attractive partner in the United States. HCL's strong growth of 19.3% YoY (on LTM basis) and $ 1.1 bn in large transformational deals booked by HCL in the last two quarters is a reflection of our increasing relevance in this market. With our new services and strong performance in Energy & Utilities, Media and Entertainment, we are poised for growth. We will continue to accelerate our investments in new development centers, training and local hiring across the country."

HCL Americas highlights for Q3 FY 2012:

HCL has signed significant deals in key verticals like retail, healthcare, telecom and consumer services. The quarter saw deals with marquee customers like -

• Verizon Communications, the leading global broadband and telecommunications company,
• The Topps Company, the creator and marketer of sports cards, entertainment products, and distinctive confectionery,
• Blue Cross Blue Shield, Montana's largest and oldest health insurance company
• A leading home improvement retailer
• A leading US based fashion retailer and world's largest chain of fast food restaurants.

HCL Technologies - Financial Highlights

• Revenue at US$ 1,048 mn; up 14.6% YoY & 2.5% sequentially on US$ basis
• EBIT at US$ 164 mn; up 24.6% YoY
• Net Income at US$ 121 mn; up 17.1% YoY
• Deals won exceed US$ 1.5 bn in TCV
• HCL crosses US$ 4 bn in LTM revenue
• Total headcount at 82,464

Americas - Financial Highlights

• Americas grow 19.3% YoY (on LTM basis)
• Americas Q3 2012 Revenues up 19.7% YoY
• Americas' contribution to overall HCLT's revenue during the quarter is 56.7%

For forward looking statement and more details visit: http://www.hcltech.com/sites/default/files/hclt-q3-2012-jfm12-ir_release.pdf

Meenakshi Benjwal 
HCL America Inc.
P: [phone]
Email: [email protected]

Avena Suri
HCL America Inc.
P: [phone]
Email: [email protected]

Maria Brown
Matter Communications
[email protected]
P: [phone] ext. 212