Another record broken at Chennai-based offshore services firm HCL Technologies with revenues crossing the $5bn mark (trailing 12 months) for the first time. Headline revenues for the December 2013 quarter grew by 14.5% yoy to $1.32bn, 4% higher than the prior quarter. Operating margins stayed pretty steady qoq at 23.7%, over 4 points higher than the same time last year.
We’ll have more on this – and on HCL’s surprising tie-up with CSC (see Lawrie invites HCL to the CSC party) – in the next edition of OffshoreViews.