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FINANCIAL NEWS
HCL revenue up 3.3%
22 Apr 2011
(MENAFN) HCL Technologies’ president for Asia, Africa and Middle East markets, Virender Aggrawal, said that the fourth largest Indian IT services provider’s global revenue rose 33.5 percent in the third quarter reaching USD915 million, reported Gulf News.
Aggrawal added that HCL doubled its regional revenues from the Middle East and Africa region as a result of increasing growth activities in UAE, KUWAIT, QATAR and Saudi Arabia.
He said that the company’s investments in important markets and transformation services resulted in a raise in its profits. He also said that due to stability, improved customer confidence and fuelled by high oil prices, UAE, Kuwait, Qatar and Saudi Arabia are considered a place for a long term growth.
It is worth noting that HCL investments include infrastructure and enterprise mobility services. The USD5.7 billion company will be investing in Turkey, Kenya and plans to open a legal entity in Qatar.
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