HCL Technologies, a leading global IT services provider, today announced that its Healthcare Practice has been ranked as America's 39th largest Healthcare Information Technology (HIT) company by revenue in the 2011 Top 100 listing in Healthcare Informatics magazine.
“Significant large deals related to Healthcare Reform signed in 2010 with Payer and Provider organizations led to HCL’s rapid increase in HIT revenues over the last year and contributed to HCL’s industry leading revenue growth in the Americas over the last three years” said Pradep Nair, Senior Vice President for Healthcare Practice, HCL Technologies. “To be recognized as one of the largest and fast growing Healthcare companies by Healthcare Informatics is an honor. Through co-innovation initiatives with our customers we will continue to develop disruptive technologies that enhance the global competitiveness of our customers and our practice”, he added.
Healthcare Informatics determines its annual rankings through surveys of healthcare vendors for total revenue earned during the year previous. Total revenue is solely derived from the sale of computer hardware, software and related services to healthcare providers, of which HCL Technologies Healthcare practice is 100 percent services.
HCL Technologies’ Healthcare Practice is one of the fastest growing business verticals for HCL Technologies. Leading pharmaceutical companies, healthcare payers, and healthcare providers turn to the HCL’s Healthcare Practice for domain expertise-driven information management, compliance solutions, and future-ready business process optimization. The Healthcare practice consists of 1,800+ associates who provide solutions and services to the healthcare industry, across the globe. Additional information can be found at: hcltech.com/healthcare/.
About HCL Technologies
HCL Technologies (HCLtech.com) 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 'Employees First, Customers Second' which empowers our 77,046 transformers to create a real value for the customers. HCL Technologies, along with its subsidiaries, had consolidated revenues of US$ 3.5 billion (Rs. 16,034 crores), as on 30 June 2011 (on LTM basis).
HCL (hcl.com) is a $5.9 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 80,000 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.
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.
For More Information, Contact:
Danielle Millerick, ThinkMedia PARTNERS for HCL Technologies
E: dmillerick[.]thinkmediapartners.com / P: 978-740-1013