HCL Technologies Limited (NSE: HCLTECH.NS)
Information Technology Services · Noida, India · Founded 1976
- Market capitalization: $50.0 billion
- Annual revenue: $13.0 billion
- Net income: $2.0 billion
- Employees: 225,000
- Sector: Technology
- Headquarters: Noida, India
- Founded: 1976
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HCL Tech is India's third-largest IT services company, known for its strength in infrastructure management and engineering services. They made a bold move in 2018 by acquiring several IBM software products, adding a product revenue stream that peers don't have. The company punches above its weight in engineering R&D services.
IT services contracts plus software licensing and support revenue from the IBM product acquisitions. The software business provides higher margins and more predictable revenue than traditional services. Engineering and R&D services for product companies are a differentiator.
Founded in 1976 by Shiv Nadar, HCL started as a hardware company making calculators and microcomputers. The pivot to IT services came in the 1990s. The $1.8 billion acquisition of select IBM software products in 2018 was a game-changer, adding products like Domino, AppScan, and Unica to the portfolio.
| Market Capitalization | $50.0B |
| Annual Revenue | $13.0B |
| Net Income | $2.0B |
| Profit Margin | 15% |
| Revenue per Employee | $57778K |
| Stock Exchange | NSE |
| Ticker Symbol | HCLTECH.NS |
Financial data is approximate and based on most recent annual filings.
Shiv Nadar built HCL from a garage in Delhi into a $50 billion company. HCL's IBM product acquisitions were considered risky at the time but have generated returns well above expectations.
HCL Tech's hybrid services-plus-products model is unique among Indian IT firms. The IBM bet paid off handsomely, and the engineering services business has real differentiation.
What is HCL Technologies Limited's revenue?
HCL Technologies Limited generates approximately $13.0 billion in annual revenue.
How many employees does HCL Technologies Limited have?
HCL Technologies Limited employs approximately 225,000 people worldwide.
What is HCL Technologies Limited's market cap?
HCL Technologies Limited (HCLTECH.NS) has a market capitalization of approximately $50.0 billion on the NSE.
When was HCL Technologies Limited founded?
HCL Technologies Limited was founded in 1976 and is headquartered in Noida, India.
Who is the CEO of HCL Technologies Limited?
C. Vijayakumar is the current CEO of HCL Technologies Limited.
What is HCL Technologies Limited's website?
HCL Technologies Limited's official website is hcltech.com.
| CEO | C. Vijayakumar |
| Sector | Technology |
| Industry | Information Technology Services |
| Founded | 1976 |
| HQ | Noida |
| Country | India |
| Website | hcltech.com |
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