HCL Technologies Named 40th on Software Magazine’s 28th Annual Software 500
/PRNewswire-FirstCall/ — HCL Technologies today announced its inclusion on
Software Magazine’s Software 500 ranking of the world’s largest software and
service providers, now in its 28th year.
HCL Technologies was ranked 40th, up four spots from last year’s ranking,
with software revenues up 6.2% YoY.
“The 2010 Software 500 results show that revenue growth in the software
and services industry was healthy, with total Software 500 revenue of
billion worldwide for 2009, representing virtually flat growth from the
previous year,” says
Softwaremag.com.
“The Software 500 helps CIOs, senior IT managers and IT staff research
and create the short list of business partners,” Desmond says. “It is a quick
reference of vendor viability. And the online version, to be posted soon at
http://www.Softwaremag.com, is searchable by category, making it what we call
the online catalog to enterprise software.”
The Software 500 is a revenue-based ranking of the world’s largest
software and services suppliers targeting medium to large enterprises, their
IT professionals, software developers and business managers involved in
software and services purchasing.
Some 47% percent of the 2010 Software 500 companies are privately held.
The ranking is based on total worldwide software and services revenue for
2009. This includes revenues from software licenses, maintenance and support,
training and software-related services and consulting. Suppliers are not
ranked on their total corporate revenue, since many have other lines of
business, such as hardware. The financial information was gathered by a
survey prepared by King Content Co. and posted at http://www.Softwaremag.com,
as well as from public documents.
About Digital Software Magazine, the Software Decision Journal, and
Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a
brand name in the high-tech industry for 30 years. Softwaremag.com, its Web
counterpart, is the online catalog to enterprise software and the home of the
Software 500 ranking of the world’s largest software and services companies.
Software Magazine and Softwaremag.com are owned and operated by King Content
Co.
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’ which empowers our 64,557
transformers to create a real value for the customers. HCL Technologies,
along with its subsidiaries, had consolidated revenues of
(Rs.
information, please visit http://www.hcltech.com
About HCL Enterprise
HCL is a
comprising two companies listed in
Infosystems. Founded in 1976, HCL is one of
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 71,000 professionals of diverse nationalities, who
operate from 29 countries including over 500 points of presence in
has partnerships with several leading Global 1000 firms, including leading IT
and Technology firms. For more information, please visit http://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
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
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.
For more information, contact:
Kirsten Paragona
Director of External Communication for HCL Technologies
kparagona@hcl.com
+1-857-350-5393
Danielle Millerick
BluePoint Venture Marketing for HCL Technologies
Danielle@bluepointmktg.com
+1-781-861-7800
Tracy Kunichika
Software 500 Project Leader
Tracyk@softwaremag.com
SOURCE HCL Technologies