HCL Technologies has released positive financial results for Q2 2015, showing growth across the board.
In constant currency revenues grew by 6.2%, with operations in Europe growing by 7.2%, and year-on-year reporting 16.2% growth.
The growth has been attributed to the driving factors of Engineering and R&D services (12.6%), Infrastructure services (6.2%), Business services (4.5%) and Application services (3.8%). The biggest growing verticals in Q2 were Life sciences & Healthcare (19.3%), Retail & CPG (8.6%) and Public services (7.9%)
Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies, said: "The Global IT Industry is undergoing a seismic change as the scope of IT buying expands to capture adjacencies beyond IT."
"This is not only changing the contours of the traditional buyer as we know it but also bringing technology to the very centre stage of organizational competitiveness. In such a scenario the balanced portfolio, integrated IT services and engineering capabilities of HCL have ensured that we remain service providers of choice for companies looking for business model transformation."
Anant Gupta, President and CEO, HCL Technologies, said: "We have posted yet another strong quarter with constant currency revenue growth of 6.2% QoQ and 16.2% YoY. Our continued focus in developing next generation propositions around Digitalization, Engineering Platform Services and Target Operating Model for Enterprise IT have allowed us to stay ahead of the innovation curve and gain significant market share in the Global IT services market."
"This quarter we also crossed the 100,000 employee milestone. Our Ideapreneurs are creating unique value for our clients by delivering ‘Relationships beyond the contract’ and continue to be our most critical differentiators."
Growth across the world shows that in Americas (6%), Europe (7.2%) and ROW (4.3%). Revenue for the quarter was up 4% to $1.491 million, a 13% growth year-on-year, with net income hitting $3.08 million. This represents a 7% quarterly growth and 27% year on year.
