HCL Tech beats Wipro to become the third largest IT firm in India

HCL Technologies toppled Wipro to become the third-largest software services company in India in terms of dollar revenues, peaking at US $ 2.05 billion in the June quarter. Wipro's IT business revenue amounted to $ 2.02 billion in the same quarter.

Tata Consultancy Services and Infosys are the two largest Indian IT services companies with revenues of USD 5.05 billion and USD 2.83 billion respectively. 19659005] HCL Technologies expects its dollar revenues to increase from 8.4% to 10.4% in dollars in fiscal years 201-20. Wipro, meanwhile, does not publish its revenue forecast for the entire year.

HCL Technologies saw its net profit rise by 5.7% to $ 356 million in the June 2018 quarter, while its revenue rose 9%. compared to the same period last year.

The Noida-based company reported widespread growth driven by Technology and Services (36%), Lifesciences and Healthcare (10.2%), Financial Services (9% HCL Technologies announced 27 transactions in the quarter, driven by strong momentum in telecommunications, financials and retail – GIC "We achieved the most important bookings this quarter with our next-generation infrastructure services and our Fashion 2 offerings. Our combined Mode 2 and 3 offerings accounted for 26.6% of our revenues and increased 9.6% in ", said HCL Technologies, President and Chief Executive Officer, C Vijayakumar

The company will continue to invest in its next-generation portfolio to help businesses build their digital future, he added. [ad_2]
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