HCL Technologies

Quarterly Results 2010-11

T h i r d Q u a r t e r R e s u l t s F Y 2010-11

Q3 Revenues at US$ 915 mn; up 5.8% QoQ & 33.5% YoY

Net Income at US$ 103 mn; up 16.5% QoQ & 35.0% YoY

Q3 Revenues at Rs. 4,138 crores; up 6.4% QoQ & 31.5% YoY

Net Income at Rs. 468 crores; up 17.1% QoQ & 33.0% YoY

Financial Highlights 2
Corporate Overview 3
Business Highlights 4
Financials 10
Segment wise Profitability 13
Revenue Analysis 15
Constant Currency Reporting 16
Client Metrics 17
Operational Metrics - Software Services 18
Employee Metrics 19
Facility Details 21
Cash and Cash Equivalent, Investments & Borrowing 21
Financials in INR as per convenience translation
- Average Exchange Rate 22
- Closing Exchange Rate 26
 Financial Highlights
Highlights for the Quarter (US$)
Revenue at US$ 915 mn; up 33.5% YoY & 5.8% sequentially
?
EBIT at US$ 132 mn; up 19.0% YoY & 16.2% sequentially
?
Net Income crossed $ 100 mn/quarter milestone to reach $ 103 mn; up 35.0% YoY & 16.5%
?
sequentially
Announces dividend of Rs. 2 per share; 33rd consecutive quarter of dividend payout
?
Gross & Net Employee addition of 7,534 & 1,153 respectively taking total headcount to 73,420
?

Highlights for the Quarter (INR convenience translation at an Average Rate of

Rs.45.25/US$)
Revenue at Rs. 4,138 crores; up 31.5% YoY & 6.4% sequentially
?
EBIT at Rs. 597 crores; up 17.3% YoY & 16.8% sequentially
?
Net Income crossed $ 100 mn/quarter milestone to reach Rs. 468 crores; up 33.0% YoY & 17.1%
?
sequentially
Announces dividend of Rs. 2 per share; 33rd consecutive quarter of dividend payout
?
Gross & Net Employee addition of 7,534 & 1,153 respectively taking total headcount to 73,420
?

2
Corporate Overview
HCL continues on a path of sustained robust growth led by the momentum of its transformational
engagements.

“The recent global uncertainties and natural calamities have reinforced the need for sustainable and
humanitarian approach to business,” said Shiv Nadar, Founder, HCL and Chairman, HCL
Technologies and Shiv Nadar Foundation. “We at HCL continue to stay committed towards ensuring
that human welfare and public good always remain the top priority in our organizational and business
pursuits,” he added.

Commenting on the results, Vineet Nayar, Vice Chairman and CEO, HCL Technologies said, “We
continue to expand market share backed by a second sequential quarter of revenue growth of 30%+ YoY
along with expansion in margins. HCL’s focus on forward investment in key markets and transformation
services is paying rich dividends.”

“Impressive sequential revenue growth at 5.8%, 130 bps improvement in operating margin and net
income to operating cash conversion at 114% are the key highlights of HCL’s performance this quarter.
Moreover, the EPS growth of 34% over the last one year in line with the revenue growth firmly
demonstrates strength of HCL’s business model”, added Anil Chanana, CFO, HCL Technologies.

3
Performance Highlights

Overall Company

Growth Trends Margin Trends

QoQ Revenue Growth Rate % EBIT Margin Trend

16.2%
15.3%
14.4%
13.1%
QoQ Growth %

12.9%

r %
9.0%

EBIT Margin
7.7% 7.5%
5.8%
5.1%

Mar'10 Jun'10 Sep'10 Dec'10 Mar'11 Mar'10 Jun'10 Sep'10 Dec'10 Mar'11

YoY Revenue Growth Rate % Net Income Margin Trend

Net Income Margin %

32.6% 33.5%
%

27.6%
11.2% 11.3%
o Growth

21.4% 21.5% 10.0% 10.3%

8.9%
YoY o

Mar'10 Jun'10 Sep'10 Dec'10 Mar'11 Mar'10 Jun'10 Sep'10 Dec'10 Mar'11

4
 Key Catalysts for Growth
Revenues grow by 5.8% QoQ with IT Services continuing to lead the growth at 6.2% QoQ
?
Company Revenues in the last 12 months exceed INR. 15,000 Crores with 58 new customers
?
added during this period
Robust Growth led by Europe at 7.3% QoQ and ROW at 21.7% QoQ
?
Rest of the World contribute $500 mn in revenues on LTM basis
?
Positive growth across service offerings with Infrastructure Services posting 8.5% QoQ and
?
Custom Applications Services & Enterprise Application Services each posting 6.7% QoQ.
Revenue from Custom Applications on LTM basis exceed $1 bn
?
All verticals report positive growth with Financial Services posting double digit growth at 12.6%
?
QoQ

Reported Currency US $ Growth

Particulars Segments YoY on LTM JFM ’11 CQGR*
basis YoY QoQ

Consolidated For the Company 29.0% 33.5% 5.8% 7.5%

Geography Rest of the World 59.8% 80.8% 21.7% 16.0%

Europe 19.5% 34.9% 7.3% 7.8%

Americas 26.7% 21.8% 0.7% 5.1%

Service Offering Infrastructure Services 47.4% 40.8% 8.5% 8.9%

Custom Application Services 33.4% 42.8% 6.7% 9.3%

Enterprise Application Services 25.1% 34.0% 6.7% 7.6%

Industry Financial Services 26.8% 37.4% 12.6% 8.3%

Public Services - E&U 27.0% 38.9% 7.1% 8.6%

Manufacturing 27.2% 36.2% 6.3% 8.0%

Media Publishing &

Entertainment (MPE) 29.3% 11.6% 2.3% 2.8%

Healthcare 55.0% 43.8% 1.2% 9.5%

Retail & CPG 52.6% 53.9% 0.3% 11.4%

* CQGR numbers are for 4 quarters beginning from Jan-Mar'10 quarter.

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 Multi-Year, Multi-Million Dollar Transformational Deals
• HCL signed 11 transformational deals this quarter across service lines, verticals and geographies. 8 of
these deals have been won from existing customers.
• During the quarter, HCL has acquired certain software assets from Citibank International Plc (Citi). The
software assets are being used by Citi to provide securities and fund services namely, securities lending,
clearing and settlement, securities market interfaces, securities front end and Tax and Claims Management
to capital market players. The acquisition is for a total consideration of $26 million and is being funded by
way of internal accruals. As part of the transaction, HCL is also taking over 41 employees from Citi and an
assured revenue stream of $135 million spread over 10 years where it would assist Citi in enhancing and
supporting the software assets and other Citi platforms. The revenues from this deal would start from
middle of Q4 this year and would accrue equally over the term of the deal.

Transformation @ HCL
• Shiv Nadar, Founder, HCL and Chairman, HCL Technologies and Shiv Nadar Foundation, has been
appointed the Chairman of the Board of Governors at The Indian Institute of Technology (IIT) Kharagpur,
one of the world’s most prestigious and widely acclaimed technology institutes.
• Vineet Nayar, Vice Chairman & CEO, HCL Technologies, has been conferred with the prestigious ‘Leader in
the Digital Age Award’ (LIDA) at the CeBIT 2011 show in Hannover, Germany, the world's largest trade fair
showcasing ICT. The award recognizes Vineet for pioneering ‘the revolutionary corporate philosophy of
Employees First, Customers Second, which acknowledges employees as the most important capital a
company has.’
• HCL hosted an exclusive evening titled ‘Unconventional Management’ on the sidelines of the annual
World Economic Forum (WEF) conference at Davos which was attended by more than 100 participants
including C-suite business executives, journalists and academicians from across the globe.
• Vineet Nayar, Vice Chairman & CEO, HCL Technologies, was a panelist at the annual WEF conference at
Davos for a session titled ‘New Norms for Corporations’ .
• Vineet Nayar, Vice Chairman & CEO, HCL Technologies addressed a select set of esteemed government
CEOs and CIOs at the Infocomm Development Authority (IDA) Distinguished Infocomm Speaker Series at
Singapore on HCL's "Employees First, Customers Second" (EFCS) philosophy and value in a Knowledge
Economy, which was well received by the audience.
• R. Srikrishna, EVP, Worldwide Head of Sales, Infrastructure Services Division has been honoured as a
‘Young Global Leader’ by the WEF for his significant contribution in rapidly building the HCL’s
Infrastructure Services Division (ISD) business. WEF recognised R Srikrishna, amongst young global
business beacons who have “catalyzed the next generation of leaders and are walking the road of positively
impacting the global agenda of the Forum in various spheres of life”. R. Srikrishna is amongst only 190 such
leaders chosen across the globe this year.
• HCL in association with managementexchange.com has launched HCL MBA M-Prize management
innovation contest which has attracted entries from Top Management Schools including Harvard Business
School, MIT Sloan School of Management, London Business School, AIM Institute of Management
(Manila), Institute of Management Development (Lausanne) and SP Jain Institute of Management
(Mumbai). The winners of this contest will be announced by May 2011.

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 Recognitions
• HCL Technologies has been declared as one of Britain’s Top Employers for 2011 for the fifth consecutive
year by the Corporate Research Foundation (CRF) Institute.
• HCL was evaluated in a Gartner report: ‘HCL Positions Itself as 'CIO's Best Friend' at its 2010 North
American and European Analyst Events’ by Arup Roy et al, 19 January 2011.
• HCL has been positioned as a Leader in a recently published Gartner report titled ‘Magic Quadrant for Help
Desk Outsourcing, North America’ by William Maurer, Bryan Britz, Helen Huntley and David Edward
Ackerman, 29 March 2011” (The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic
Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain
vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service
depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant.
The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all
warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular
purpose).

• HCL has been named as a Leader in the report titled ‘Forrester Wave™: Global IT Infrastructure
Outsourcing, Q1 2011’, published in March 2011 by Forrester Research, Inc. HCL emerged as one of the
strongest India-centric Infrastructure Management Providers in this report.
• Forrester Research, Inc. recognized HCL as a consultancy that offers professional services in smart grid IT
capabilities and service in its February 2011 report ‘Market Overview: Smart Grid IT Vendors’.
• IDC in a report titled ‘Vendor Assessment: HCL's Profile for Asia/Pacific (Excluding Japan) Public Sector
IDC Government Insights #AP9694204S’ said, “HCL is poised to compete in the region among other
Indian multinational companies, and undertake more complex transformation-related SI and
managed services engagements typically characterized by public sector projects” .
• In another report titled ‘HCL: Vendor Profile Series for Cloud Professional Service Offerings(IDC #225071)’,
IDC recognized HCL’s unique Cloud offerings - “HCL's strategy focuses not only on being a systems,
or service, integrator but also on being a cloud service provider with unique offerings related to its
engineering services heritage”.
• Springboard Research has adjudged HCL as the ‘Indian IT Company of the Year 2010 for the Domestic
Market’ in report titled India IT Market Predictions 2011 published on Jan 5, 2011.
• TPI has named HCL amongst Top 15 Service Providers by total contract value (TCV) in the Americas
and amongst the Top 7 Service Providers by TCV in APAC in its report titled The TPI Index: An Informed
View of the State of the Global Commercial Outsourcing Market Fourth Quarter and Full Year 2010,
published on Jan 20th, 2011.
• TowerGroup, a leading research and advisory services firm for financial services industry, has recognized
HCL as a vendor who can help financial institutions ensure they are in compliance with the regulations such
as CARD Act and the Dodd-Frank Act in its December 2011 report ‘The Consumer Financial Protection
Bureau: Threat for Banks, Opportunity for Vendors’ .
• Novarica, a division of Novantas LLC, a leading management consultancy and information services
provider for the financial services industries has recognized HCL as one of the major IT services providers
to North American banks in a report titled ‘Novarica Market Navigator’ published in February, 2011.
• The International Association of Outsourcing Professionals (IAOP) has named HCL a Leader in the 2011
Global Outsourcing 100 Service Providers List, which is a comprehensive list of the World’s best
outsourcing service providers.

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 Recognitions (contd.)
• HCL has been felicitated with the prestigious QCI-DL Shah National Award 2011 on Economics of
Quality for the second consecutive year. The Quality Council of India (QCI) and the DL Shah Trust honored
HCL with its most prestigious citation - the ‘National Best of All Award’. The award was presented to HCL
at the 6th National Quality Conclave held in New Delhi.
• HCL Technologies has won three REMMY (the Recruitment Marketing Awards) awards for 2011. These
annual awards, presented by the Times Group, recognize and felicitate the creative genius behind the best
advertisements in the field of recruitment marketing. HCL won the Best Recruitment Ad in IT and
Telecom industry, the Best Art Direction, and the Grand Prix Award (Best Recruitment Ad across
industries).

Business Highlights
Corporate

• HCL sent a delegation of senior leaders to Japan to provide on-ground support to its employees and
customers in the aftermath of the devastating earthquake and Tsunami.
• To commemorate International Women's Day, HCL launched a series of programs around ‘Rebalancing
the work place for sustainability’. Programs include a panel discussion involving multiple stakeholders,
launch of a women affinity network called Women connect@ HCL on HCL’s internal social platform MEME,
and a blogging site called BlogHer.
• HCL Technologies has signed a Partnership agreement with Guidewire, USA. This partnership enhances
HCL’s status as an ‘AFFILIATE’ partner to Guidewire. The ‘AFFILIATE’ partnership program will strengthen
the company’s existing implementation experience spanning each of the products in the Guidewire
Insurance Suite™: ClaimCenter™, PolicyCenter™ and BillingCenter™.
• HCL and Aras, the leading enterprise open source Product Lifecycle Management (PLM) software solution
provider have formed partnership to develop Next-Generation PLM solutions. HCL will combine the Aras
enterprise open source PLM solution suite with its Sustainable Product Development practices to provide
global customers with advanced PLM solutions that are highly flexible, scalable and secure.
• HCL launched ACE™ SmartCare©, a clinical decision support solution at the HiMSS conference in
Orlando. Developed in collaboration with Orlando Health, this customizable mobile device-enabled
solution featuring unified messaging through voice, data alerts and notifications across clinical settings
helps providers deliver improved, intelligent and impactful care.
• HCL launched CataLOG™, a one-stop Supply Chain platform, jointly developed with eBizNET Solutions
Inc., a leading provider of software-as-a-service (SaaS) supply chain execution solutions. CataLOG™
enables significant reduction of freight and operational costs by leveraging eBizNET’s expertise in
distribution, transportation, reverse logistics & aftermarket services, and HCL’s in-depth logistics
expertise.
• HCL expanded its smart grid partner ecosystem by forging strategic alliances with two leading data
management software firms focused on the smart grid market: eMeter and Tridium. These partnerships
enable the integration of real-time data management and analytical software with HCL’s comprehensive
suite of services to help utilities transform their existing infrastructure from traditional power grids to smart
grids more efficiently.

8
 Geo Overview
Business Highlights
Americas

• HCL has opened a delivery center in Guadalajara, Mexico. The opening of this new center is in line with
HCL’s strategy to expand its Global Delivery footprints worldwide.
• HCL has won a deal to support the investment management operations of a USA based Fortune 200
integrated financial services firm. HCL’s global delivery centre at Raleigh, North Carolina will be used to
deliver these services.
• HCL has signed a multi-year managed services contract with a leading Telecom Local Exchange Carrier in
the US. This deal covers the entire IT application landscape of the phone service provider, to provide
managed ADM/ASM services in an optimized global delivery model.
• A leading wireless carrier in USA has signed a multi-million dollar contract with HCL. The scope of the deal
compasses architecture, design and development of customer facing SOA based web services to its 30+
million customers. These SOA based web applications would be accessed by the carrier’s retail outlets
across the US.
• HCL has been chosen by a leading USA based company in the CPG space for modernizing its IT landscape
using SOA.
• HCL has been chosen as a preferred partner by a leading federation that provides healthcare coverage to a
third of Americans. HCL will enable at least fifteen of the forty member plans across the country to make the
transition to ICD-10.
• HCL has won a multi-million strategic engagement with a leading Pharma company’s Manufacturing, R&D,
and Medical business technology. HCL will support and maintain some of the critical applications and
operations covering areas like Pre-clinical, Clinical, Safety, MRP, RCS, LIMS, and Quality applications
across global locations.
• HCL has signed a deal with a large pharma company to roll SAP HR for setting up a new Global HR System
for the client.

Europe

• HCL has won a multi-year contract with one of the largest banks in UK. HCL will be providing IT outsourcing
and transformational services for the bank’s core systems that support the closed book insurance policies.
• Anand Pillai, Senior Vice President and Global Head of Talent Transformation, Intrapreneurship
Development & EFCS Initiatives, HCL Technologies, conducted workshops across Europe on ‘Employees
First, Customers Second’. These workshops conducted at employee and client locations, leading
universities, B-Schools and Industry platforms generated a ground swell of support and goodwill for HCL’s
radical management philosophy.

Rest of the World (ROW)

• HCL won a deal with a leading Australian Bank to implement a payments solution that rationalizes and bring
all the Bank’s entities along with acquired banks onto a common infrastructure.
• HCL opened a Global Enterprise Mobility Lab in Singapore. The MERLIN (Mobility Experiences Ready to
Lead Business Innovation) Lab will leverage HCL’s globally acknowledged product engineering DNA. It will
also cross-reference HCL’s experience in micro-verticals like Retail, Consumer Packaged Goods, Media &
Entertainment, Banking etc., to ensure superior consumer experience oriented IPs, applications and
solutions.

9
 Financials
Unaudited consolidated financial results for the quarter ended 31 March 2011, drawn under US GAAP

Consolidated Income Statement

Amount in US$ million

Income Statement Quarter Ending Growth

31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 685.2 864.1 914.5 33.5% 5.8%

Direct Costs 454.0 591.4 621.4
Gross Profits 231.2 272.7 293.1 26.8% 7.5%
SG & A 95.9 131.6 134.7
EBITDA 135.3 141.0 158.4 17.1% 12.3%
Depreciation 20.7 23.6 23.1
Amortisation 3.8 3.9 3.4
EBIT 110.8 113.5 131.9 19.0% 16.2%
Forex gain / (loss) (14.0) (3.0) (2.5)
Other Income, net (3.1) 1.2 2.8
Provision for Tax 17.1 22.9 28.7
Share of Minority Interest 0.0 0.0 0.0
Net Income 76.6 88.8 103.5 35.0% 16.5%

Gross Margin 33.7% 31.6% 32.0%

EBITDA Margin 19.7% 16.3% 17.3%
EBIT Margin 16.2% 13.1% 14.4%
Net Income Margin 11.2% 10.3% 11.3%

Earnings Per Share (EPS) - Annualized

Basic – in US $ 0.45 0.52 0.60 33.3% 15.4%
Diluted – in US $ 0.44 0.51 0.59 34.1% 15.7%
“Weighted average number of Shares
used in computing EPS”
Basic 674,867,632 682,703,410 684,973,440
Diluted 691,274,756 697,054,475 700,495,078

10
Note: - The above result does not take into account non cash employee stock options charge computed under FAS 123R,
as per details given here:-

Particulars (in US $ mn) 31-Mar-10 31-Dec-10 31-Mar-11

Option Charge 5.3 5.7 5.7

Tax benefit 0.3 0.1 0.7

Option Charge (net-of tax benefit) 5.0 5.6 5.0

Outstanding Options (in equivalent no of shares) 31-Mar-10 31-Dec-10 31-Mar-11

Options at market price 18,247,504 11,844,244 10,608,748

Options at less than market price 8,510,920 17,875,316 17,153,764

The options will vest in tranches till 2016

Consolidated Balance Sheet

Amount in US$ million

Particulars As on
30-Jun-10 31-Dec-10 31-Mar-11
Assets
Cash & Cash Equivalents 100.9 68.6 110.9
Account Receivables, net 541.3 586.1 555.2
Unbilled Revenues 115.4 151.4 190.5
Fixed Deposits with Banks 235.0 322.8 293.9
Deposits with HDFC Ltd. 21.5 22.4 -
Investment Securities, held till maturity - 11.0 5.5
Investment Securities, available for sale 168.4 47.6 73.1
Other Current Assets 190.5 261.7 294.0
Total Current Assets 1,373.0 1,471.5 1,523.1
Property and Equipments, net 398.1 461.7 478.6
Intangible Assets, net 928.6 937.8 969.0
Investment Securities, held to maturity 10.8 21.3 21.3
Deposits with HDFC Ltd. - 11.2 11.2
Fixed Deposits with Banks - 24.6 24.7
Investment in Equity Investee 4.5 4.6 4.4
Other Assets 207.6 232.6 235.2
Total Assets 2,922.4 3,165.2 3,267.5
Liabilities & Stockholders' Equity
Total Current Liabilities 674.6 729.7 764.9
Borrowings 573.5 581.8 551.0
Other Liabilities 159.0 143.0 147.5
Total Liabilities 1,407.1 1,454.4 1,463.5
Total Stockholders Equity 1,515.3 1,710.8 1,804.0
Total Liabilities and Stockholders
Equity 2,922.4 3,165.2 3,267.5
* Note: Historically the Unbilled Revenues has remained in the range of 16-19 Days of Sales, which is 19 Days for the current Quarter.

11
 Consolidated Cash Flow Statement
Amount in US$ million

Particulars For the Quarter For 9 Months

ended Mar'11 ended Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES

Net Income 103.5 264.0

Adjustments to Reconcile Net Income to Net Cash
provided by Operating Activities
Depreciation and Amortization 26.5 81.1
(Profit) /Loss on Redemption of Mutual Fund Investments - (1.2)
Others (6.8) (35.7)
Changes in Assets and Liabilities, net
Accounts Receivable (2.3) (61.3)
Other Assets (18.2) (89.6)
Current Liabilities 14.9 50.1
Net Cash provided by operating Activities 117.5 207.4
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Property and Equipment (net) (32.3) (123.3)
(Purchase) / Sale of investments (18.2) 86.2
Deposits with Banks 28.9 (72.6)
Deposits with HDFC Ltd. 22.0 11.0
Payment for Deferred consideration on Business Acquisition - (2.2)
Payments for business acquisitions, net of cash acquired (13.2) (13.2)
Net Cash used in Investing Activities (12.8) (114.1)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Issuance of Employees Stock Options 5.1 17.4
Dividend (35.3) (79.1)
Loans (34.1) (32.4)
Others 1.2 (0.6)
Net Cash provided by (used in) Financing Activities (63.2) (94.6)
Effect of Exchange Rate on Cash and Cash Equivalents (0.7) 11.2
Net Increase/ (Decrease) in Cash and Cash Equivalents 42.3 10.0
CASH AND CASH EQUIVALENTS
Beginning of the Period 68.6 100.9
End of the Period 110.9 110.9

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 Segment wise Profitability

A. Consolidated IT Services (Software Services [A1] & Infrastructure services [A2])

Amount in US$ million

Quarter ended Growth%

Particulars 31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 633.2 814.6 864.7 36.6% 6.2%

Direct Costs 411.5 551.6 581.0

Gross Profits 221.7 263.0 283.7 28.0% 7.9%

SG & A 84.1 119.6 123.7

EBITDA 137.6 143.4 159.9 16.2% 11.5%

Depreciation 18.3 20.8 20.2

Amortisation 3.5 3.7 3.3
EBIT 115.8 118.9 136.4 17.8% 14.7%

Gross Margin 35.0% 32.3% 32.8%

EBITDA Margin 21.7% 17.6% 18.5%
EBIT Margin 18.3% 14.6% 15.8%

B. BPO Services
Amount in US$ million

Quarter ended Growth%

Particulars 31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 52.0 49.5 49.8 -4.1% 0.7%

Direct Costs 42.5 39.8 40.4

Gross Profits 9.5 9.7 9.4 -0.8% -2.8%

SG & A 11.8 12.1 11.0

EBITDA (2.3) (2.4) (1.6)

Depreciation 2.4 2.8 2.9

Amortisation 0.3 0.2 0.1
EBIT (5.0) (5.4) (4.5)

Gross Margin 18.2% 19.5% 18.9%

EBITDA Margin -4.4% -4.8% -3.2%
EBIT Margin -9.7% -11.0% -9.0%

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A1. Software Services

Amount in US$ million

Quarter ended Growth%

Particulars 31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 481.4 617.7 650.9 35.2% 5.4%

Direct Costs 301.7 407.8 426.3

Gross Profits 179.6 209.9 224.6 25.0% 7.0%

SG & A 69.9 102.0 105.4

EBITDA 109.7 107.9 119.2 8.7% 10.5%

Depreciation 13.0 13.9 13.1

Amortisation 3.5 3.7 3.3
EBIT 93.3 90.3 102.8 10.3% 13.8%

Gross Margin 37.3% 34.0% 34.5%

EBITDA Margin 22.8% 17.5% 18.3%
EBIT Margin 19.4% 14.6% 15.8%

A2. Infrastructure Services

Amount in US$ million

Quarter ended Growth%

Particulars 31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 151.8 196.9 213.7 40.8% 8.6%

Direct Costs 109.8 143.8 154.7

Gross Profits 42.1 53.1 59.1 40.4% 11.2%

SG & A 14.2 17.6 18.4

EBITDA 27.9 35.5 40.7 46.0% 14.6%

Depreciation 5.3 6.9 7.2

EBIT 22.6 28.6 33.5 48.7% 17.3%

Gross Margin 27.7% 27.0% 27.6%

EBITDA Margin 18.4% 18.0% 19.0%
EBIT Margin 14.9% 14.5% 15.7%

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 Revenue Analysis
Geographic Mix (Quarter ended) 31-Mar-10 31-Dec-10 31-Mar-11 LTM

Americas 59.5% 57.1% 54.3% 57.5%

Europe 26.7% 26.6% 27.0% 26.3%
Rest of World 13.8% 16.3% 18.7% 16.2%

Service Offering Mix (Quarter ended) 31-Mar-10 31-Dec-10 31-Mar-11 LTM

Enterprise Application Services 21.4% 21.3% 21.4% 21.6%

Engineering and R&D Services 19.0% 18.5% 17.7% 18.6%
Custom Application Services 29.9% 31.8% 32.0% 31.2%
Infrastructure Services 22.2% 22.8% 23.4% 22.8%
BPO Services 7.6% 5.7% 5.4% 5.8%

Revenue by Contract Type (Qtr ended) 31-Mar-10 31-Dec-10 31-Mar-11

IT Services

Time & Material (T&M) 59.5% 58.5% 58.0%

Fixed Price Projects 40.5% 41.5% 42.0%

Revenue by Vertical (Qtr end) 31-Mar-10 31-Dec-10 31-Mar-11

Financial Services 25.5% 24.6% 26.2%

Manufacturing 26.7% 27.1% 27.3%
Telecom 11.6% 10.8% 10.3%
Retail & CPG 7.5% 9.1% 8.7%
Media Publishing & Entertainment (MPE) 7.9% 6.8% 6.6%
Healthcare 7.5% 8.4% 8.0%
Energy-Utilities-Public Sector 7.0% 7.2% 7.3%
Others 6.3% 5.8% 5.6%

Rupee / US Dollar 31-Mar-10 31-Dec-10 31-Mar-11

Quarter Ended 44.89 44.70 44.59

Average for the Quarter 45.71 45.00 45.25

“LTM” - Last Twelve Months

15
 Constant Currency (CC) Reporting
Reported JFM'10 AMJ'10 JAS'10 OND'10 JFM'11
Revenue ($ mn) 685.2 737.6 803.8 864.1 914.5
Growth QoQ 5.1% 7.7% 9.0% 7.5% 5.8%
Growth YoY 21.4% 21.5% 27.6% 32.6% 33.5%
Constant Currency (QoQ) JFM'10 AMJ'10 JAS'10 OND'10 JFM'11
Revenue ($ mn) 696.9 747.5 792.0 856.5 906.0
Growth QoQ 6.9% 9.1% 7.4% 6.5% 4.8%
Constant Currency (YoY) JFM'10 AMJ'10 JAS'10 OND'10 JFM'11
Revenue ($ mn) 655.7 738.1 809.6 869.7 896.9
Growth YoY 16.2% 21.6% 28.5% 33.4% 30.9%

Average Rates for Qtr JFM'10 AMJ'10 JAS'10 OND'10 JFM'11

GBP 1.55 1.49 1.56 1.57 1.61
EURO 1.37 1.26 1.31 1.34 1.39
INR 0.02 0.02 0.02 0.02 0.02
SGD 0.71 0.72 0.74 0.77 0.79
AUD 0.9 0.87 0.92 0.98 1.01

US$ Growth

Particulars Segment QoQ at CC

Consolidated For the Company 4.8%

Geography Americas 0.7%
Europe 4.2%
Rest of World 20.5%
Service Offerings Enterprise Application Services 5.7%
Engineering and R&D Services 1.6%
Custom Application Services 5.1%
Infrastructure Services 7.7%
BPO Services -1.0%
Verticals Financial Services 10.5%
Manufacturing 6.1%
Telecom -0.3%
Retail & CPG -0.4%
Media Publishing & Entertainment 1.7%
Healthcare 0.5%
Energy-Utilities-Public Sector 6.3%
Others 1.3%
Clients(LTM) Top 5 3.7%
Top 10 5.5%
Top 20 5.6%

16
 Client Metrics
Client Data (LTM) 31-Mar-10 31-Dec-10 31-Mar-11

Number of Clients

Active Client Relationship 404 434 453

New Client Relationship 39 46 58
Accounting for > 5% of revenue 1 1 1

Number of Million Dollar Clients (LTM) 31-Mar-10 31-Dec-10 31-Mar-11 QoQ YoY
Change Change

100 Million dollar + 1 1 1 - -

50 Million dollar + 5 7 8 1 3
40 Million dollar + 7 9 10 1 3
30 Million dollar + 10 16 19 3 9
20 Million dollar + 22 28 31 3 9
10 Million dollar + 55 67 70 3 15
5 Million dollar + 106 113 119 6 13
1 Million dollar + 281 312 324 12 43

Client Contribution to Revenue (LTM) 31-Mar-10 31-Dec-10 31-Mar-11 QoQ growth

LTM Basis

Top 5 Clients 17.8% 16.8% 16.2% 4.1%

Top 10 Clients 25.8% 25.6% 25.2% 6.0%
Top 20 Clients 36.6% 36.6% 36.2% 6.2%

Client Business - (LTM) 31-Mar-10 31-Dec-10 31-Mar-11

Repeat Business - Consolidated 93.4% 94.3% 94.5%

Days Sales Outstanding - excluding unbilled revenue 64 61 55

“LTM” - Last Twelve Months

17
 Operational Metrics - Software Services
Software Services (Quarter Ended) 31-Mar-10 31-Dec-10 31-Mar-11

Efforts

Offshore 72.2% 72.4% 72.9%

Onsite 27.8% 27.6% 27.1%
Revenue

Offshore 41.3% 41.9% 42.6%

Onsite 58.7% 58.1% 57.4%
Utilization

Offshore - Including trainees 76.2% 70.1% 71.9%

Offshore - Excluding trainees 79.0% 75.0% 76.3%
Onsite 95.6% 95.9% 96.5%

Software Services Efforts (Man Months) 31-Mar-10 31-Dec-10 31-Mar-11

Efforts Billed - Offshore 55,769 71,090 75,070

Efforts Billed – Onsite 21,447 27,040 27,843
Total Billed Efforts 77,217 98,130 102,912

Not Billed 15,805 24,847 24,357

Trainee 2,560 6,651 5,930
Not Billed (including trainees) 18,365 31,498 30,287

18
 Employee Metrics
Manpower Details 31-Mar-10 31-Dec-10 31-Mar-11

Total Employee Count 58,129 72,267 73,420

IT Services (Software Services [A1] +

Infrastructure Services [A2]) 47,924 60,919 62,536

Technical 42,787 54,713 56,188

Sales & Support 5,137 6,206 6,348
Gross addition 5,730 4,989 4,407
Net addition 3,152 2,259 1,617
Gross lateral employee addition 4,973 3,971 3,457
Attrition (LTM)* - IT Services
(Software Services + Infrastructure Services) 13.9% 17.2% 17.0%
BPO Services - Total 10,205 11,348 10,884

Technical 8,895 10,245 10,022

Sales & Support 1,310 1,103 862
Gross addition 1,406 3,390 3,127
Net addition (711) (210) (464)
Gross lateral employee addition 560 734 2,527
Offshore Attrition – Quarterly 20.3% 10.8% 11.0%
Offshore Attrition - Quarterly
(excluding attrition of joinees less than 6 months) 13.8% 7.7% 8.5%

* Excludes involuntary attrition

19
A1. Software Services

31-Mar-10 31-Dec-10 31-Mar-11

Software Services - Total 36,169 46,935 47,802

Technical 32,053 41,993 42,728

Sales & Support 4,116 4,942 5,074
Gross addition 4,639 3,530 2,939
Net addition 2,714 1,475 867
Gross lateral employee addition 3,882 2,625 1,991
Attrition (LTM) 14.1% 17.1% 16.8%

A2. Infrastructure Services

31-Mar-10 31-Dec-10 31-Mar-11

Infrastructure Services - Total 11,755 13,984 14,734

Technical 10,734 12,720 13,460

Sales & Support 1,021 1,264 1,274
Gross addition 1,091 1,459 1,468
Net addition 438 784 750
Gross lateral employee addition 1,091 1,346 1,466
Attrition (LTM) 13.2% 17.5% 17.6%

20
 Facility Details
As on 31st March 2011 Completed Work in Progress Land Available
Built Up area Built Up area for expansion -
Delivery Locations No. of seats No. of seats in acres
(Sq. ft.) (Sq. ft.)

Gurgaon 285,127 2,510

Noida (NCR) 1,936,012 21,861 741,081 5,800 22
Chennai 30,77,956 27,375 674,450 6,295 27
Bangalore 1,098,719 9,715 203,670 2,263 13
Mumbai 12,785 153
Kolkata 95,467 1,039
Hyderabad 166,916 1,704 231,000 787
Manesar 430,000 3,400
Pune 15,214 171 34,786 391
Global (Outside India) 502,564 5,329
Total 7,190,760 69,857 2,314,987 18,936 62

Cash & Cash Equivalent, Investments and Borrowing

Amount in US$ million

31-Mar-11
Cash and Cash Equivalent 110.9
Fixed Deposits with Banks 318.6
Deposits with HDFC Ltd. 11.2
Investment Securities, available for sale 73.1
Investment Securities, held to maturity 26.8
Grand Total of Cash & Cash Equivalent and Investments 540.6

31-Mar-11
Borrowings 551.0

* Note: For details please refer: http://www.hcltech.com/investors/downloads/Details-of-Cash-&-Bank-Balances-Q3-11.pdf

21
 Financials in INR as per convenience translation
- Average Exchange Rate
(The financials in INR are based on a convenience translation using the average rate for the quarter: US$ 1 =
Rs. 45.25 for the quarter ended on 31 March 2011; US$ 1 = Rs. 45.00 for the quarter ended on 31 Dec 2010;
US$ 1 = Rs. 45.71 for the quarter ended 31 March 2010)

Unaudited consolidated financial results for the quarter ended 31 March 2011, drawn under US
GAAP

Consolidated Income Statement

Amount in Rs Crores

Income Statement Quarter ending… Growth

31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 3,132.1 3,888.4 4,138.2 31.5% 6.4%

Direct Costs 2,075.4 2,661.3 2,812.0
Gross Profits 1,056.8 1,227.1 1,326.2 24.9% 8.1%
SG & A 438.3 592.4 609.7
EBITDA 618.5 634.7 716.6 15.3% 12.9%
Depreciation 94.5 106.2 104.6
Amortisation 17.4 17.7 15.2
EBIT 506.5 510.8 596.7 17.3% 16.8%
Foreign Exchange Gains / (loss) (63.8) (13.4) (11.2)
Other Income, net (14.4) 5.4 12.7
Provision for Tax 78.3 103.1 130.0
Share of Minority Interest 0.1 0.0 0.0
Net Income 350.3 399.7 468.2 33.0% 17.1%

Gross Margin 33.7% 31.6% 32.0%

EBITDA Margin 19.7% 16.3% 17.3%
EBIT Margin 16.2% 13.1% 14.4%
Net Income Margin 11.2% 10.3% 11.3%

Earnings Per Share (EPS) - Annualized

Basic – in INR 20.8 23.6 27.3 31.3% 15.7%
Diluted – in INR 20.3 23.1 26.7 31.5% 15.6%
“Weighted average number of Shares
used in computing EPS”
Basic 674,867,632 682,703,410 684,973,440
Diluted 691,274,756 697,054,475 700,495,078

22
Note: - The above result does not take into account non cash employee stock options charge computed under FAS 123R,
as per details given here:-

Particulars (in Rs. Crore) 31-Mar-10 31-Dec-10 31-Mar-11

Option Charge 24.2 25.8 25.9

Tax benefit 1.4 0.6 3.2

Option Charge (net-of tax benefit) 22.9 25.2 22.7

Outstanding Options (in equivalent no of shares) 31-Mar-10 31-Dec-10 31-Mar-11

Options at market price 18,247,504 11,844,244 10,608,748

Options at less than market price 8,510,920 17,875,316 17,153,764

The options will vest in tranches till 2016

Consolidated Balance Sheet (At Quarter Closing Exchange Rate of RS. 44.59/US$)
Amount in Rs.Crore

Particulars As on
30-Jun-10 31-Dec-10 31-Mar-11
Assets
Cash & Cash Equivalents 468.6 306.6 494.3
Account Receivables, net 2,513.9 2,619.8 2,475.5
Unbilled Revenues 535.7 676.7 849.4
Fixed Deposits with Banks 1,091.3 1,442.9 1,310.7
Deposits with HDFC Ltd. 100.0 100.0 -
Investment Securities, held till maturity - 49.0 24.6
Investment Securities, available for sale 782.0 212.6 325.8
Other Current Assets 884.5 1,169.9 1,311.1
Total Current Assets 6,376.0 6,577.5 6,791.4
Property and Equipments, net 1,848.6 2,063.8 2,134.3
Intangible Assets, net 4,312.2 4,192.1 4,320.6
Investment Securities, held to maturity 50.0 95.1 95.0
Deposits with HDFC Ltd. - 50.0 50.0
Fixed Deposits with Banks - 110.0 110.0
Investment in Equity Investee 20.7 20.5 19.8
Other Assets 964.0 1,039.5 1,048.6
Total Assets 13,571.5 14,148.6 14,569.7
Liabilities & Stockholders' Equity
Total Current Liabilities 3,132.9 3,261.6 3,410.6
Borrowings 2,663.2 2,600.7 2,457.1
Other Liabilities 738.6 639.1 657.8
Total Liabilities 6,534.7 6,501.4 6,525.6
Total Stockholders Equity 7,036.8 7,647.2 8,044.2
Total Liabilities and Stockholders
Equity 13,571.5 14,148.6 14,569.7
* Note: Historically the Unbilled Revenues has remained in the range of 16-19 Days of Sales, which is 19 Days for the current Quarter.

23
 Segment wise Profitability

A. Consolidated IT Services (Software Services [A1] & Infrastructure Services [A2])

Amount in Rs crores

Quarter ended Growth%

Particulars 31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 2,894.5 3,665.5 3,912.7 35.2% 6.7%

Direct Costs 1,881.1 2,482.0 2,629.0

Gross Profits 1,013.4 1,183.5 1,283.7 26.7% 8.5%

SG & A 384.4 538.1 560.0

EBITDA 629.0 645.5 723.7 15.1% 12.1%

Depreciation 83.5 93.5 91.6

Amortisation 16.0 16.7 15.0
EBIT 529.4 535.2 617.1 16.6% 15.3%

Gross Margin 35.0% 32.3% 32.8%

EBITDA Margin 21.7% 17.6% 18.5%
EBIT Margin 18.3% 14.6% 15.8%

B. BPO Services

Amount in Rs crores

Quarter ended Growth%

Particulars 31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 237.6 222.8 225.6 -5.5% 1.2%

Direct Costs 194.3 179.3 183.0

Gross Profits 43.4 43.5 42.6 -2.3% -2.2%

SG & A 53.9 54.3 49.7

EBITDA (10.5) (10.7) (7.1)

Depreciation 11.0 12.7 13.0

Amortisation 1.4 1.0 0.3
EBIT (22.9) (24.5) (20.4)

Gross Margin 18.2% 19.5% 18.9%

EBITDA Margin -4.4% -4.8% -3.2%
EBIT Margin -9.7% -11.0% -9.0%

24
A1. Software Services

Amount in Rs crores

Quarter ended Growth%

Particulars 31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 2,200.4 2,779.5 2,945.5 33.2% 6.0%

Direct Costs 1,379.3 1,835.1 1,929.2

Gross Profits 821.1 944.4 1,016.3 23.2% 7.6%

SG & A 319.5 458.8 476.8

EBITDA 501.5 485.6 539.5 7.1% 11.1%

Depreciation 59.2 62.3 59.2

Amortisation 16.0 16.7 15.0
EBIT 426.3 406.5 465.4 8.7% 14.5%

Gross Margin 37.3% 34.0% 34.5%

EBITDA Margin 22.8% 17.5% 18.3%
EBIT Margin 19.4% 14.6% 15.8%

A2. Infrastructure Services

Amount in Rs crores

Quarter ended Growth%

Particulars 31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 694.1 886.1 967.2 38.7% 9.2%

Direct Costs 501.8 647.0 699.8

Gross Profits 192.3 239.1 267.4 38.4% 11.8%

SG & A 64.9 79.3 83.2

EBITDA 127.4 159.8 184.2 43.9% 15.3%

Depreciation 24.3 31.1 32.5

EBIT 103.1 128.7 151.8 46.5% 17.9%

Gross Margin 27.7% 27.0% 27.6%

EBITDA Margin 18.4% 18.0% 19.0%
EBIT Margin 14.9% 14.5% 15.7%

25
 Financials in INR as per convenience translation
- Closing Exchange Rate
(The financials in INR are based on a convenience translation using the closing rate as of the last day of the
quarter: US$ 1 = Rs.44.59 for the quarter ended on 31 March 2011; US$ 1 = Rs. 44.70 for the quarter ended on
31 Dec 2010; US$ 1 = Rs. 44.89 for the quarter ended 31 March 2010)

Unaudited consolidated financial results for the quarter ended 31 March 2011, drawn under US
GAAP

Consolidated Income Statement

Amount in Rs Crores

Income Statement Quarter ending… Growth

31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 3,075.7 3,862.5 4,077.9 32.6% 5.6%

Direct Costs 2,038.0 2,643.6 2,771.0
Gross Profits 1,037.7 1,218.9 1,306.9 25.9% 7.2%
SG & A 430.4 588.4 600.8
EBITDA 607.3 630.5 706.1 16.3% 12.0%
Depreciation 92.8 105.5 103.1
Amortisation 17.1 17.6 15.0
EBIT 497.4 507.4 588.0 18.2% 15.9%
Forex gain / (loss) (62.6) (13.3) (11.0)
Other Income, net (14.1) 5.4 12.5
Provision for Tax 76.9 102.4 128.1
Share of Minority Interest 0.1 0.0 0.0
Net Income 344.0 397.0 461.3 34.1% 16.2%

Gross Margin 33.7% 31.6% 32.0%

EBITDA Margin 19.7% 16.3% 17.3%
EBIT Margin 16.2% 13.1% 14.4%
Net Income Margin 11.2% 10.3% 11.3%

Earnings Per Share (EPS) - Annualized

Basic – in INR 20.4 23.4 26.9 31.9% 15.0%
Diluted – in INR 19.9 22.9 26.3 32.2% 14.8%
“Weighted average number of Shares
used in computing EPS”
Basic 674,867,632 682,703,410 684,973,440
Diluted 691,274,756 697,054,475 700,495,078

26
Note: - The above result does not take into account non cash employee stock options charge computed under FAS 123R,
as per details given here:-

Particulars (in Rs. Crore) 31-Mar-10 31-Dec-10 31-Mar-11

Option Charge 23.8 25.6 25.5

Tax benefit 1.3 0.5 3.1

Option Charge (net-of tax benefit) 22.4 25.1 22.4

Outstanding Options (in equivalent no of shares) 31-Mar-10 31-Dec-10 31-Mar-11

Options at market price 18,247,504 11,844,244 10,608,748

Options at less than market price 8,510,920 17,875,316 17,153,764

The options will vest in tranches till 2016

Segment wise Profitability

A. Consolidated IT Services (Software Services [A1] & Infrastructure Services [A2])

Amount in Rs crores

Quarter ended Growth%

Particulars 31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 2,842.4 3,641.1 3,855.6 35.6% 5.9%

Direct Costs 1,847.2 2,465.5 2,590.7

Gross Profits 995.2 1,175.6 1,265.0 27.1% 7.6%

SG & A 377.5 534.5 551.8

EBITDA 617.7 641.2 713.2 15.5% 11.2%

Depreciation 82.0 92.9 90.3

Amortisation 15.7 16.6 14.8
EBIT 519.9 531.7 608.1 17.0% 14.4%

Gross Margin 35.0% 32.3% 32.8%

EBITDA Margin 21.7% 17.6% 18.5%
EBIT Margin 18.3% 14.6% 15.8%

27
B. BPO Services

Amount in Rs crores

Quarter ended Growth%

Particulars 31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 233.3 221.4 222.3 -4.7% 0.4%

Direct Costs 190.8 178.1 180.3

Gross Profits 42.6 43.3 41.9 -1.5% -3.0%

SG & A 52.9 53.9 49.0

EBITDA (10.3) (10.7) (7.0)

Depreciation 10.8 12.6 12.8

Amortisation 1.4 1.0 0.3
EBIT (22.5) (24.3) (20.1)

Gross Margin 18.2% 19.5% 18.9%

EBITDA Margin -4.4% -4.8% -3.2%
EBIT Margin -9.7% -11.0% -9.0%

A1. Software Services

Amount in Rs crores

Quarter ended Growth%

Particulars 31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 2,160.8 2,760.9 2,902.5 34.3% 5.1%

Direct Costs 1,354.5 1,822.8 1,901.0

Gross Profits 806.3 938.1 1,001.5 24.2% 6.8%

SG & A 313.8 455.7 469.8

EBITDA 492.5 482.4 531.6 7.9% 10.2%

Depreciation 58.2 61.9 58.3

Amortisation 15.7 16.6 14.8
EBIT 418.6 403.8 458.6 9.5% 13.6%

Gross Margin 37.3% 34.0% 34.5%

EBITDA Margin 22.8% 17.5% 18.3%
EBIT Margin 19.4% 14.6% 15.8%

28
A2. Infrastructure Services

Amount in Rs crores

Quarter ended Growth%

Particulars 31-Mar-10 31-Dec-10 31-Mar-11 YoY QoQ

Revenues 681.6 880.2 953.1 39.8% 8.3%

Direct Costs 492.7 642.6 689.6

Gross Profits 188.9 237.5 263.5 39.5% 10.9%

SG & A 63.7 78.8 81.9

EBITDA 125.2 158.8 181.5 45.0% 14.3%

Depreciation 23.9 30.9 32.0

EBIT 101.3 127.8 149.5 47.7% 17.0%

Gross Margin 27.7% 27.0% 27.6%

EBITDA Margin 18.4% 18.0% 19.0%
EBIT Margin 14.9% 14.5% 15.7%

29
 About HCL Technologies
HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine
the core of their businesses. Since its inception into the global landscape after its IPO in 1999, HCL focuses on
‘transformational outsourcing’, underlined by innovation and value creation, and offers integrated portfolio of
services including software-led IT solutions, remote infrastructure management, engineering and R&D services and
BPO. HCL leverages its extensive global offshore infrastructure and network of offices in 26 countries to provide
holistic, multi-service delivery in key industry verticals including Financial Services, Manufacturing, Consumer
Services, Public Services and Healthcare. HCL takes pride in its philosophy of ‘Employee First, Customer Second’
which empowers our 73,420 transformers to create a real value for the customers. HCL Technologies, along with its
subsidiaries, had consolidated revenues of US$ 3.3 billion (Rs. 15,160 crores), as on 31 March 2011 (on LTM basis).
For more information, please visit www.hcltech.com

About HCL Enterprise

HCL is a $5.7 billion leading global technology and IT enterprise comprising two companies listed in India - HCL
Technologies and HCL Infosystems. Founded in 1976, HCL is one of India's original IT garage start-ups. A pioneer of
modern computing, HCL is a global transformational enterprise today. Its range of offerings includes product
engineering, custom & package applications, BPO, IT infrastructure services, IT hardware, systems integration, and
distribution of information and communications technology (ICT) products across a wide range of focused industry
verticals. The HCL team consists of over 79,000 professionals of diverse nationalities, who operate from 31 countries
including over 500 points of presence in India. HCL has partnerships with several leading Global 1000 firms,
including leading IT and technology firms. For more information, please visit www.hcl.com

Forward-looking Statements
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties,
assumptions and other factors that could cause actual results to differ materially from those in such forward-looking
statements. All statements, other than statements of historical fact are statements that could be deemed forward
looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes',
'strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory
proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, Business
Process Outsourcing and consulting services including those factors which may affect our cost advantage, wage
increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain
highly skilled professionals, our ability to integrate acquired assets in a cost effective and timely manner, time and
cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability
to manage our international operations, reduced demand for technology in our key focus areas, disruptions in
telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success
of our brand development efforts, liability for damages on our service contracts, the success of the companies /
entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political
instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our
intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be
no assurance that the forward looking statements made herein will prove to be accurate, and issuance of such
forward looking statements should not be regarded as a representation by the Company, or any other person, that
the objective and plans of the Company will be achieved. All forward looking statements made herein are based on
information presently available to the management of the Company and the Company does not undertake to update
any forward-looking statement that may be made from time to time by or on behalf of the Company.

30
Talk to me
For details, contact:

MEDIA RELATIONS INVESTOR RELATIONS

Ajay Davessar Sanjay Mendiratta

[email protected] [email protected]
+91 - 9650122336 +91- 9312065108

Deepika Bansal Ronit Dutta

[email protected] [email protected]
+91-9811292247 +91- 9711002816

Animesh Aggarwal
[email protected]
+91- 9560304999

HCL Technologies Ltd.,

A 10-11, Sector-III, Noida - 201301
www.hcltech.com

Hello there. I'm from HCL. We work behind the scenes, helping our customers to shift paradigms & start revolutions.
We use digital engineering to build superhuman capabilities. We make sure that the rate of progress far exceeds the
price. And right now, over 77,000 of us bright sparks are busy developing solutions for over 500 customers in
26 countries across the world. How can I help you?