Leading global IT services provider HCL Technologies Ltd, has announced a 24.1% global revenue increase in its results for both the year and the quarter ended June 30 2010.

Indian firm HCL was ranked number one in both Tier 1 Traditional IT Infrastructure Outsourcing (ITO) and Remote Infrastructure Management Outsourcing (RIMO) earlier this year in Datamonitor's 2009-10 Black Book of Outsourcing, a feat that has been attributed to the strength of the company's client relationships and reputation for consistently providing results that deliver measurable value.

HCL's results show that its global revenues have increased by 24.1% to $2.7b, while year on year revenues have increased by 21.5% to $738 m, thanks to a number of significant contract wins. During the last financial year alone, HCL won contracts within its key vertical and horizontal service lines in Europe, including Equitable Life, GlaxoSmithKline, Royal Mail, Sky Italia, St Gobain and News International.

“Over the last year we have developed facilities, invested in local operations and increased headcount in the region and with it our ability to service European clients locally. This is a continuation of our European growth strategy of making strong investments during the downturn, to be best positioned to accelerate our business forward in the European market.” commented Rajeev Sawhney, President for HCL Europe.

“This commitment to Europe has enabled us to welcome new clients to HCL, as well as extend current relationships. This growth exemplifies the cornerstone of our core philosophy on Employees First, Customers Second and in our success of gaining momentum in the region."