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report on
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Input transformation process and outputs for a manufacturing organization and a
service organization”
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I
hereby declare that the project work entitled “Environment of HCL
Technology” submitted to the Your Collage is a record of an original
work done by me under the guidance of “Prof............ ,professor of
Business environment and The results embodied in this report have not
been submitted to any other University or Institute for the award of any
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PGDM II
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Acknowledgement
I owe a great many thanks to a great many people who helped and supported me during the writing of this report.
My deepest thanks to Prof.....................the
Guide of the Project for guiding and correcting various documents of
mine with attention and care. He supported to me by showing different
method of information collection about the company. He helped all time
when we needed and he gave right direction toward completion of project.
I would also thank my Institution and my faculty members without whom this project would have been a distant reality.
Introduction of Project
This
project allotted by Prof.................... in subject of Business
environment. This project is based on “HCL Technology’s” environment
study. In this project I searched “HCL technology’s” environment through
various medium. I collected information by different sources. In this
report I included some news paper cutting and their analysis.
This project is all about of “HCL Technology” environment and news impact of company’s environment.
Table of Content
Table of Content
1. Introduction of company ……………………………………. 8
2. Vision, Mission, Board of director ………………………….. 9
3. Financial highlight ………………………………………….. 10
4. News and Impact…………………………………….. .12
5. References …………………………………………... 29
6. Conclusion……………………………………………. 30
Introduction of company
Introduction of Company
HCL
Technologies is a leading global IT services company, it is a part of
HCL ( Hindustan Computers Limited ) which was started in 1976 in India
It has two business enterprises in India. HCL Technology and HCL Info
system.
HCL
Technologies is a global IT Services company headquartered in Noida,
India and led by its CEO Vineet Nayar. It is the IT services arm of HCL,
a US$5 billion global Technology and IT Enterprise. The company is
listed on the National Stock Exchange and Bombay Stock Exchange of
India. The
HCL team comprises over 72,000 professionals of diverse nationalities,
who operate from 26 countries including over 500 points of presence in
India. HCL has global partnerships with several leading Fortune 1000
firms, including leading IT and Technology firms.
It
is a publicly traded IT service provider company. It is engaged in
providing software-IT solutions, remote infrastructure management
services and business process outsourcing (BPO). The company operates in
the IT and ITES industry sectors. Through its global offshore
infrastructure and a global network of offices in 26 countries, HCL
delivers solutions in selected verticals, including financial services,
retail and consumer, life sciences and healthcare, hi-tech, telecom, and
media and entertainment. Its core software offerings include custom
applications; engineering, and research and development services;
enterprise application solutions; enterprise transformation services;
infrastructure management services, and BPO services.
HCL
Technologies, along with its subsidiaries, had consolidated revenues of
US$ 2.9 billion (Rs. 13,145 crores), as on 30th September 2010.
Vision -
Together we created the enterprises of tomorrow.
Mission –
To provide world class information technology solution and service to
enable our customer to serve their customer batter.
Board of director-
1. SHIV NADAR
Founder - HCL
Chairman & Chief Strategy Officer
2. VINEET NAYAR
Vice Chairman & CEO,
3. SUBROTO BHATTACHARYA
Director
Financial Highlights
In year 2010 -
o Annual revenues at Rs. 12,565 Cr; up 18.6%
o Net Income at Rs. 1,303 Cr.
o Q4 revenues at Rs. 3,425 Cr; up 11.4%
o Net Income at Rs. 342 Cr.
Highlights for the Quarter (US$) : Q4’ 2010-
o Revenue at US$ 738 mn; up 21.5% YoY and up 7.7% sequentially.
o Revenue on constant currency basis up 9.1% sequentially.
o EBIT at US$ 113 mn, up 3.3% YoY and up 2.0% sequentially.
o Net Income at US$ 74 mn, up 6.9% YoY and down 4.0% sequentially.
o
Announces dividend of Re. 1 per share, 30th consecutive quarter of
dividend payout, taking the total dividend to Rs. 4 per share.
o Net headcount additions of 6,428 made taking total headcount to 64,557
Highlights for the Year (US$) : FY 2009-10-
o Revenue at US$ 2,705 mn; up 24.1% YoY
o EBIT at US$ 446 mn, up 16.5% YoY
o Net Income at US$ 281 mn, up 6.1% YoY
o Net headcount additions of 10,341 (10,917 in IT Services) made taking total headcount to 64,557
News and Impact
Friday, March 25, 2011
Source: BusinessWeek.com
News-
In
this news Mr.Vineet Nayar CEO of HCL Tech. said - I recently reviewed
a survey of chief executive officers about talent development, which
confirmed my suspicion that most organizational leaders have lost touch
with how to effectively manage and motivate their increasingly younger
workforces.
Today,
50 percent of the world’s population is younger than 25. The changing
demographic profile within all organizations makes it critical to
understand that this generation does not respond to the same triggers as
those preceding it. Furthermore, the organizational structures in place
today are not meant for this demographic.
Generation
Y workers have grown up as digital natives in an interconnected world.
They are open-minded, collaborative, and exploratory by nature. They
seek answers rather than directives, rendering command-and-control
management methods ineffective. They crave empowerment and
responsibility. Consequently, people-management strategies must adapt so
that they look more like Face book and less like pyramids of hierarchy.
He gave 5 principal -
- Lead through inspiration, Recreate the human element, Put
employees first, Become an effective enabler, Push the transparency
envelope.
Impact -
HCL
Technology’s internal environment effects by this news because in this
news Mr. Vineet on how younger employees require different incentives,
how growing up in the digital era affects how they are properly managed
and cites several examples of how the principles of EFCS can be
leveraged to properly manage and enable this generation of workers.
So
young employees will motivated by knowing that our CEO knows about
needs because after recession employee trust of management is at an
all-time low.
External
environment also affected by this news because it increases more value
of company when others will know that he is working more seriously for
employee development & satisfaction through such type research.
2. We are employees-first co: HCL CEO
Saturday, February 19, 2011
Source: Times of India
News-
In a interview of Times of India Mr.Vineet Nayar
said that we believe that once we were coming out of recession, the
employers who had participated in the journey in recession needed to be
compensated. That may not agree well with one or two analysts, which I
know.
However,
it was important for us to reward our employees first because we are an
“employees-first company” and that's what we do and did. At the same
time, it was important for us because we were seeing a huge amount of
volume of business getting transacted to hire lots of laterals and build
a bench to meet the customer needs without creating a significant
amount of dissatisfaction like the Singapore Stock Exchange, which has
just gone by yesterday, switched over to HCL.
This
is because our utilization went down and our sales and marketing
expenditure went up and our cost for resource went up. I believe with
the volumes coming in, we will be able to earn back the margin which we
lost. It will be not very difficult to achieve.
Impact -
This
interview also affects company’s internal environment because when he
said that we are an “employee first Customer second ” than its employee
will feel more safe . Amount of employee support will increase so its
productivity will also increase because it has big human recourse.
Company value or Brand image will also increase.
3. HCL MBA M-Price
March, 14, 2011
Sunnyvale, Calif.
News-
The
Management Innovation exchange (MIX), an open innovation project aimed
at reinventing management for the 21st century and HCL Technologies, a
leading global IT services provider and MIX partner, today announced its
judges panel for the HCL MBA M-Prize, the world’s first MBA contest for
management innovation. Open to MBA students around the world, the HCL
MBA M-Prize will honor the best new idea for making organizations more
adaptable, more innovative, more inspiring and more socially
accountable.
Prizes –
In addition to the $50,000 experiment implementation funding commitment
grand prize, the MIX will award cash prizes to the top three hacks
($5,000 to the winner and $2,500 to two runners- up), as well as $500 to
each finalist.
Judging Criteria- All
entries will be judged based on: clarity of thought and originality,
potential for impact, feasibility of implementation, and popularity.
Judges will provide targeted feedback to finalists as they refine their
entries for the final round.
Impact –
This
will affect the company’s social environment because Management
Innovation exchange is a medium of contribution of society. This will be
also helpful in creating awareness about company. All Companies will
benefited by getting new idea from student . Global environment also
affected from Management Innovation Exchange.
Tuesday, February 15, 2011
Source: ZDNet Asia
News-
HCL
Technologies sets up first global facility in Singapore dedicated to
help enterprises leverage mobile technologies to create "innovative"
apps.
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.
Enterprise
Mobility as a technology is transforming the world in many unique ways
and we at HCL have the capabilities and expertise to be a market and
thought leader in this space. The anchoring of this campaign in the form
of our Mobility Lab in Singapore reflects the strategic importance of
the Singapore market in HCL’s growth strategy and reiterates our focus
on the rapidly growing APAC region.
Committed to a long term investment in this country”, said Mr. Vineet Nayar, Vice Chairman & CEO, HCL Technologies
The
35,000-square-feet Jurong facility is designed to exploit the
advantages of being in Singapore – Asia’s business hub to build and
nurture a robust mobile ecosystem. HCL, which already has over 1,000
engineers based out of the facility, will work closely with the
government of Singapore to ensure the lab is a milestone in the Infocom
authority’s vision of building a vibrant infocom ecosystem in Singapore.
“To excel in the mobile application world requires leadership in product engineering, laser focus on consumer experience and an entrepreneurial ecosystem of clients, partners and developers that sustains the innovation momentum.
Impact–
This
will affect the technological environment because With the setting up
of its first global enterprise mobility lab, HCL Technologies
can
ride the mobile wave by providing "innovative" applications for
organizations to boost their productivity and better personalize
customer experiences.
Thursday, February 03, 2011
Source: Times of India.
News.
This
article bylined by Vineet Nayar has appeared in TOI today. In this
piece Vineet talks about his views and learnings at World Economic
Forum.
Paper Cutting
6. HCL Launches ACE™ SmartCare© Solution at HiMSS
February 21, 2011
News –
HCL
Technologies Ltd. (HCL), a leading global IT services provider, today
launched ACTIVE CARE EXCELLENCE (ACE) SmartCare Clinical Decision
Support solution at the HiMSS Conference in Orlando.
ACE
SmartCare is a patient-centered, real time care management solution
that dramatically improves patient care as soon as patients arrive at
the hospital through automated, continuous clinical surveillance and
care measures delivered via alerts to physicians at the point of care.
This more efficient delivery of care and compliance also results in
significant savings for health care provider organizations. Due to
recent legislation, healthcare providers are under tremendous pressure
to improve patient-centered care while also continuously monitoring for
evidence-based medicine interventions and core-measure compliance. ACE
SmartCare uses automation to alleviate some of the pressures providers
are up against.
SmartCare
is a highly customizable mobile device-enabled solution featuring
unified messaging through voice, data alerts and notifications across
clinical settings. The ACE Solution Suite utilizes a predictive
analytics model to generate configurable alerts, responses, escalations
mechanisms and dashboards to help Providers maintain compliance. In
addition, a plug in to an EMR clinical IT system through SmartCare
improves Providers timely delivery of care.
Impact-
ACE smart care is a innovative clinical decision support solution which
will affect company’s business environment because this will increase
company’s revenue so company financial position will increase.
This
is also a social contribution because this is a hospital related work
and all patients get benefitted from this so it will impact on social
environment.
7. HCL Technologies tie-up with Orian Edutech
Mar 8
Mumbai,
HCL Technologies announced a tie-up with BPO training institute, Orion Edutech.
As per the terms of the partnership, selected candidates from the diploma will be absorbed into HCL as project trainees. On completion of the in-house three-month training cum probation, selected candidates will be awarded with the diploma and will be made full time employees of the company's business services division.
"Trends point towards a greater IT adoption across industries with 80 percent of growth to come from new areas. Keeping in mind the growing demand for outsourcing across industries there is the need to nurture skilled professionals who are keen to pursue stable careers in the ITeS industry. a structured program in BPO management is required to address this need," said Subrat Chakravarty, HR Head - Business Services, HCL Technologies.
Orion Edutech is a reputed organization with an ISO Certification in the training and education industry. Orion is a member of NASSCOM, and is authorized to conduct the NASSCOM Assessment of Competence (NAC), an industry Assessment Standard for creating 'assessed and benchmarked' quality talent pool, a release said.
Impact-
HCL tie up with Orion Edutech will affect company’s internal environment and technical environment. HCL get benefitted by this tie up because from this tie ups HCL Tech. will recruit more talented person so they can save their time which was using in employee training.
Technical environment also affected because talented employee create better working environment.
8. HCL Technologies announces expansion toSmart Grid Partner Ecosystem
March 17, 2011
Noida, India
News-
HCL
Technologies (HCL), a leading global IT services provider, today
announced a significant expansion of 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. The creation
of smart grids includes the modernization and digitization of aging
power grids.
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. Additionally, the partnerships
will further accelerate HCL‟s strategy to become an end-to-end
integration services provider to the utilities companies.
"HCL
has made a global commitment to utilities customers in enabling them to
address their most pressing challenges by helping them assess and
roll-out smart grid programs in all the major power markets," said
Rajeev Sawhney, the Global Head of Public Services for HCL Technologies.
"Through the partnerships with these industry leaders, we aim to build
on our domain competencies and offer best-in-class smart grid solutions
that give our customer maximum value and competitive advantage.
“eMeter is very excited about working with HCL,” said Lisa Caswell, VP Worldwide Alliances at eMeter. “Together
we will be able to showcase the best of both firms and offer a true
end-to-end smart grid solution to utilities companies in a very
competitive market.”
“The
Tridium Niagara Framework is an ideal development platform for HCL that
will add another layer of innovation and support to their industry
leading smart grid product solutions and turnkey services,”
Impact-
Smart Grid partnership is a step for getting stronger position in
marketing because both partners will help to HCL Technology. This
partnership will affect on company’s economical environment because
after this company can earn more profit and it will provide good service
for customers.
Feb 18, 2011
News –
HCL
Technologies has announced the launch of CataLOG, a non-stop supply
chain platform. This platform was jointly developed with eBizNet
Solution Inc., a leading provider of software-as-a-service (SaaS) supply
chain execution solutions.
CataLOG
is a web-based platform that can be seamlessly accessed by users across
the world. The solution ensures a high degree of visibility and
transparency into operations as demanded by customers, by leveraging the
benefits of a hosted offering along with flexible billing and pricing
models.
The company made this announcement after the trading hours on 18 February 2011.
Impact-
Catalog
will is a non-stop supply chain platform and it will provide more
facility to customer company sells will increase It will also increase
customers satisfaction. We can say that Catalog ill affect technical as
well as economical environment.
10. HCL Tech Q2 net jumps 34.2%
Jan 19, 2011,
New Delhi
News-
Software exporter HCL Technologies reported a 34.2% jump in net income to Rs 399.70 crore for the quarter ended December 31, 2010.
The company had posted a net income of Rs 297.7 crore in the October-December quarter last fiscal, HCL Technologies said in a statement.
HCL Technologies has also declared a dividend of Rs 2 per share.
"The dynamic demand environment necessitates a sharp focus on innovation and tangible value generation for customers. We continued to register impressive win ratios and superior customer acquisitions with 50 plus transformational deals signed during the year," HCL Tech Vice Chairman & CEO Vineet Nayar said.
The company added 2,049 employees on a net basis in the said quarter, and made 8,379 gross additions, taking its total strength to 72,267.
Bolstered by the smart quarter numbers, shares of HCL Tech zoomed by 5.93% to hit a year's high of Rs 517.50 a piece in early trade on BSE.
Impact —
This news show company’s net income or we can say that financial position of the year. By this news we can understand the earning of company and performance of company. This is directly affected to internal environment and external environment because by reading this news its share holder will be confidante that their company making profit.
11. HCL Tech will be a utility company by 2015
Jan 21, 2011
News-
In a interview Vineet Nayar said
I
think it's good for the industry. But we should not fall in the trap of
bigger is better. In India, there are a lot of small companies which
are doing better. Consolidation is good if it adds value to you. We will
also follow the inorganic route to expansion as part of our 2015
vision. The amount of booking and the amount of deal signings which took
place were very large. In the ArcelorMittal deal for instance, we,
along with CSC, were the final two. The existing vendor Wipro wasn't
even there. Nor was Infosys or TCS. But CSC bid lower than us and won.
Never before have been so many tailwinds behind us. The customers are
very focused on saving costs, and that is the reason you are seeing 9%
quarterly growth in infrastructure and application services.I feel relieved. I can breathe again. The big learning is that one should not predict the market. We were in a market with AC current, but we are looking for a DC pattern in it and even placed our bets on it. (HCL hedged 40-41 to a dollar for three years). One should go with the flow, like a boxer does. One should not draw straight lines trying to predict, especially forex markets.
What's your vision for HCL Tech for 2015?
We will become a utility company by 2015. We will not be a services company in the form and shape you see us today. We would evolve our offering into software on demand, or on cloud platform model, of course with lots of intellectual property.
Impact-
In
this interview Mr. Vineet Nayar Show company’s future planning and
strategy for working in opposite situation or all about company’s vision
for 2015. It will affected company’s external environment because this
shows that this is a right company for fulfillment of customers demands.
It will impact on competition.
12 HCL on Japan crisis
March 16, 2010
News-
HCL
Technologies is deeply saddened by the natural calamity and loss of
lives in Japan and offers its heartfelt prayers and support to this
resilient nation.
The
company continues to keep a close watch on the situation and is in
touch with all diplomatic and related agencies to ensure the safety and
security of its employees in Japan. Currently all HCL employees on
ground there are safe. The HCL senior leadership is in touch with the
leadership team in Japan and monitoring the situation closely. In the
next few days, a senior level delegation from India will be travelling
to Japan to ensure on-ground support. This delegation will be holding an
Open House for all employees at relevant locations in Japan.
Meanwhile
the company is working with its Japan based customers to ensure that
its employees have access to all possible options, like:
1. Employees have an option of working from home.
2. Employees may work out of an alternate location like Osaka, China, Singapore or India on Japan timings.
3.
Employees may proceed on leave in consultation with their manager and
spend time with their families inside or outside Japan. They may also
choose to send their families to an alternate location.
The company’s travel desk is geared to assist with all these arrangements if so required.
Since
outbound communication is erratic in such times HCL has ensured that
hotlines are set up for employee assistance along with providing contact
details of HR SPOCs. The company will ensure that periodic
communication is sent to its employees to continuously apprise them of
the situation. It has also created a section on the company website
(www.hcltech.com) to enable both customers and employees to remain
apprised of the latest situation. Families of Indian employees based in
Japan would of course.
HCL
is also equally committed on providing humanitarian support to the
country in all possible ways. The company is working with the Japanese
Consulate and related agencies such as Japanese Culture Centre to decide
on options to support the relief measures, having provided assistance
during natural disasters in many past instances in India and other
countries.
"Currently
all HCL employees on ground there are safe. The HCL senior leadership
is in touch with the leadership team in Japan and monitoring the
situation closely. In the next few days, a senior level delegation from
India will be travelling to Japan to ensure on-ground support. This
delegation will be holding an Open House for all employees at relevant
locations in Japan."
As
the news came pouring forth, we came to know that HCL Technologies
evacuated 70 per cent of its staff and their families from Japan.
After
the earthquake, HCL offered its employees three options: they could
work from home, they could work out of an alternate location like Osaka,
China, Singapore or India on Japan timings, or they could proceed on
leave in consultation with their manager and spend time with their
families inside or outside Japan. Around 170 of HCL's Japan employees
chose the last option.
As
a family of 72,000, HCL continues to pray for Japan to bide over these
difficult times. All its employees observed a 2 minute silence on 15th
March 2011, to mark their solidarity for people of Japan.
Impact –\
Japan earthquake is the one of biggest earthquake of this year. This
affected not only HCL but many of other company. Japan Earthquake had
negative impact on HCL because in Japan there was a huge loss of
companies. Major problem was company’s human resource or employee but
this news has positive impact that they arrange facility to outside of
country’s employee for sending their country. They are giving more
flexible time or place for work.
Japan Earthquake has impact on Social, technical, economic environment.
13. Union budget 2011 effect on HCL
25 Feb 2011
Source- Hindustan Times.
In a interview MR. Nayar said—
What is your sense on the IT budget for 2011?
That's
an interesting question because the spending is already on the
increase, and you wonder why that is so, given the macroeconomic
indicators both in Europe and the US are not looking good. The reason
for that is the US has largely been driven out of innovation because
their domestic consumption is poor and they are looking at emerging
markets as the next destination.
They
can reach emerging markets only through innovation and, therefore, you
are suddenly seeing the spend on innovation in the US market very high.
Therefore, outsourcing activity in the US is high.
Europe
is under significant cost pressures. They are reorienting their costs
around more rationale cost structure and, therefore, you are seeing
significant outsourcing, especially in continental Europe, is very high.
Hopefully the UK will join the bandwagon in reducing the government's
spending on services. Asia, as I already said, is on hope and,
therefore, is spending significantly in going West and globalizing
themselves and being a powerful service and product provider in the
West.
Therefore,
there is a significant spending there. I would say that for the first
time we are seeing all tailwinds on spending on IT. IT is becoming the
centre stage of innovation and revenue increase for digitalized
corporations and looks good for all of us.
After
your last quarter numbers you said that margins will take precedence
over growth in the next two quarters. What's your outlook on volume and
pricing now?
We
said that October-November-December quarter, which has gone, was
amongst the biggest quarters where a lot of deals got done. We
anticipated that somewhere in April, we made significant investment in
people, sales and marketing.
And,
we were happy to report that in October-November-December, we did a lot
of deals. Now, for the next two quarters, we are going to focus on
expanding margins and we would expand our margins in the next two
quarters, and you would see that.
Since the IT sector is facing challenge in terms of higher wage cost, how are you confident that HCL Technologies in the coming quarters will be able to expand operating profit margins?
It
is quite simple. We believe that once we were coming out of recession,
the employers who had participated in the journey in recession needed to
be compensated. That may not agree well with one or two analysts, which
I know.
However, it was important for us to reward our employees first because we are an employee-first company and that's what we do and did. At the same time, it was important for us because we were seeing a huge amount of volume of business getting transacted to hire lots of laterals and build a bench to meet the customer needs without creating a significant amount of dissatisfaction like the Singapore Stock Exchange, which has just gone by yesterday, switched over to HCL.
This is because our utilization went down and our sales and marketing expenditure went up and our cost for resource went up. I believe with the volumes coming in, we will be able to earn back the margin which we lost. It will be not very difficult to achieve.
What are your expectations from the Union Budget? Do you expect the STPI sunset clause to be extended?
You must understand that as an industry, we are hiring almost 2.5 lac engineers every year. That still constitutes a very low percentage of total number of engineers coming out of colleges in India. Therefore, if there was an unemployment rate of engineers coming out of India, you would be surprised, it is quite high. Therefore, the robustness of the IT industry is critical for creating employment.
However, it was important for us to reward our employees first because we are an employee-first company and that's what we do and did. At the same time, it was important for us because we were seeing a huge amount of volume of business getting transacted to hire lots of laterals and build a bench to meet the customer needs without creating a significant amount of dissatisfaction like the Singapore Stock Exchange, which has just gone by yesterday, switched over to HCL.
This is because our utilization went down and our sales and marketing expenditure went up and our cost for resource went up. I believe with the volumes coming in, we will be able to earn back the margin which we lost. It will be not very difficult to achieve.
What are your expectations from the Union Budget? Do you expect the STPI sunset clause to be extended?
You must understand that as an industry, we are hiring almost 2.5 lac engineers every year. That still constitutes a very low percentage of total number of engineers coming out of colleges in India. Therefore, if there was an unemployment rate of engineers coming out of India, you would be surprised, it is quite high. Therefore, the robustness of the IT industry is critical for creating employment.
Impact—
Union
budget 2011 has positive impact on HCL technology because according to
budget 2011 MAT levy on SEZ and non –extension of STPI benefited to
impact profitability.
The
proposal to bring SEZ under the preview of the Minimum Alternative Tax
(MAT) and the non-extension of tax benefit for STPI units is expiated to
adversely to adversely impact the profitability of it company.
MAT has been raised 18% to 18.5% whereas surcharge has been reduced from 7.5 % to 5%.
This budget Has impact on political, economical environment.
Tuesday, January 25, 2011
Source: IDG News Service
News-
Global
IT services provider, HCL Technologies, continues to see strong demand
for enterprise services in customer relationship management (CRM),
engineering, research and development services (ERS), data warehousing
and infrastructure services across the Asia Pacific.
HCL
received profits from other parts of the world as well and its revenue
for the rest of the world (ROW) grew 14.6 per cent quarter-on-quarter
and 60.2 per cent year-on-year.ROW comprises of the Asia Pacific, the Middle East, South Asia, Australia and New Zealand, and Africa.
Fastest growing market
ROW continues to be the fastest growing market for HCL. HCL has continued sustained investments into emerging markets and has strengthened infrastructure in these countries. The company notes the example of Africa, which has become a robust region for growth with the recent win with one of the largest telecom operators and a prestigious government project in the sub-Saharan market.
"Moving ahead, we are uniquely positioned and will continue to invest in emerging technologies such as cloud computing and mobile technologies to provide enterprises greater flexibility, innovation and to maximize ROI," he added.
Deals in Asia -
During
the second quarter of the financial year 2010-11, HCL won the SAP Award
for Customer Excellence 2010 in recognition of the company's successful
and unique implementation of HRM at the Land Transport Authority
Singapore.HCL Japan bagged the Japan Management Association (JMA) HRD
Excellence Award, 2010. HCL also signed a contract with an established
Japanese Electronics company for a three year wing-to-wing Returns
Material Management.
Impact-
In this news HCL performance is mainly concern so it has
impact in internal environment because it will help for increasing brand
value.
Mar 25, 2011,
Source – The Economics times.
News-
CHENNAI: The hiring numbers of IT majors leave nothing to doubt about how far the companies have left behind the recession.
From
the quarter ended March 31, 2010 to the one ended December 31, 2010,
the top 5 IT majors in India-—Tata Consultancy Services (TCS),
Cognizant, Infosys, Wipro
and HCL Technologies-—together clocked a staggering figure of 1,14,038
net additions in terms of headcount. This stands in sharp contrast to
the net addition figure of 47,462 in the corresponding year ago period.
The
numbers have shown a marked increase for each of the big IT companies.
The net addition of TCS for the period from March quarter to the
December quarter in 2010 was 37,260 which is almost double the figure of
19,311 clocked in the year ago.
"During
recession, companies weren't recruiting fresher. So there was a
deficit, especially at lower levels. So what is happening now is that
companies are replenishing the stock, with fresher accounting for a big
part of it. The higher attrition in the current buoyant mood in the
market is also playing a role in increasing these hiring numbers," said
Amitabh Das, CEO of Vati Consulting, a recruitment firm. Not
only are the companies compensating for the lull in hiring, they also
anticipate bigger and more valuable projects in the coming times. They
are building up bench strengths to handle the bigger size and variety of
projects they expect to come their way.
Impact—
HCL Company hiring the new talents means company has a good condition
for acquiring new employee so its impact on internal environment as well
economic environment.
16. Europe to give one-third revenue to HCL Technologies
Jan 27, 2011
The Economics times
When European debt and sovereign crisis is giving anxious moments to multi-national CEOs, India's HCL Technologies is bullish on the continental Europe, aiming to get one-third of its revenue from the region.
"The Europeans are finding that their costs structures are not competitive...this is first-time that the Europeans are opening to outsourcing," Vice-Chairman and CEO of USD 3-billion firm, Vineet Nayar, told PTI on the sidelines of the World Economic Forum (WEF) annual meeting here. With the USD 800 million acquisition of the UK-based Axon two years ago, HCL Technologies which offers IT solutions across different sectors, gets 28 per cent of its revenue from Europe.
He said the European companies want to become cost competitive, particularly in the manufacturing sector, offering opportunities for the Indian IT firms to offer them solutions to improve their bottom-line by use of technology.
"We see fear in Europe because of debt and Euro crisis... there is a significant emphasis on cost cut in Europe and therefore they are open to Indian IT companies like never before...," he said.
Sending a strong message to the opponents of the India outsourcing story, Nayar, a regular at WEF meetings, said that HCL Technologies would hire 90 per cent of their European manpower from the locals.
The company with a 72,000 headcount gets 55 per cent of its revenue from the United States, 28 per cent from Europe and the balance from Asia, including just about five per cent from India.
With the potential of the private sector in infrastructure, the HCL Technologies will focus on offering solutions to the Indian power firms, besides the financial services, Nayar added.
Impact-
This news has Impact of Global environment because Mr. Nayar said that company’s revenue generates by different country And many country play a important role of its revenue. This news has impact on global environment.
References
5. Dainik bhaskar newspaper
6. Times of India newspaper
7. Hindustimes newspaper
8. Business world magazine
9. Others
Conclusion
There
are many factors which affect HCl Technology’s environment. Some factor
affect company’s internal environment and some factor affect company’s
external environment. In this project some news include which affect
company’s environment.
HCL
technology is working in different countries so its business
environment affected by political factor,technical factor, economic
factor, social factor.
All news which is mention in this case has impact directly and indirectly and its impact positive and negative both.
