Some 250 members of Xerox Corp.’s local workforce have been given the option of either a voluntary layoff from the company or a potential transfer to HCL Technologies Ltd.
Xerox has been in talks with the Indian information technology and software giant about outsourcing some of its engineering work to HCL. While Xerox said Friday it hasn’t made any final decisions about a partnership with HCL, the company also acknowledged telling about 250 of its Rochester-area employees that they are eligible to take part in a voluntary leave program related to the possible link with HCL.
The notified employees who don’t take the severance package would see their employment shift to HCL if Xerox, in fact, signs an agreement with the Indian company, Xerox spokesman Carl Langsenkamp said.
Xerox said last month it has been talking with HCL about …
HCL’s Brazil Strategy: Step Away from ‘India Inc.’ Pack
March 1st, 2011By Tarun George
A late arrival to the LatAm market as compared to its larger Indian rivals, HCL Technologies has in less than two years ramped up to a strong presence in the region. But there’s something very different about its growth strategy in the Nearshore that sets it apart from companies like TCS, Infosys and Wipro. We chatted with Sandeep Kalra, Vice President of Emerging Markets to find out what that is.
Sandeep tells us how HCL’s Latin American expansion goes against conventional sourcing practices, and his plans for the large domestic market in Brazil. Read on for more.
Tata Consultancy Services and HCL Technologies have marched ahead of Infosys and Wipro by delivering all-round growth in a traditionally weak third quarter.
While HCL registered the highest growth on net profits and overall turnover, it continues to pick up work at the lowest margins. On the other hand, TCS results beat market expectations on almost all parameters while Infosys and Wipro’s were ‘below par’, industry watchers say.
“TCS has been an outperformer not only in the quarter but also in the calendar gone by. It is easier for a smaller company to grow from a smaller base, but a growth of 30 per cent on a quarterly revenue run rate of over $2 billion is certainly impressive,” Mr Jimit Arora, Everest Group’s research director, said.
On the other hand, the HCL management has realised that it needs to improve its …
On Strength of New Dev Center in Brazil, HCL Posts 28% Annual Growth
January 25th, 2010Latin America Outsourcing
HCL Technologies Ltd. (HCL) – which last year HCL opened a Global Development Center in Brazil - announced its results for the second quarter of FY 2010. HCL has posted market-leading growth with global revenues increasing by 28% YoY.
HCL’s US business posted an increase of 23% year-on-year. The result demonstrates increasing market recognition of the value HCL delivers to its customers in the US and validates HCL’s Go-To-Market (GTM) strategy in the geography. The GTM encompasses integrated horizontal, sector and geographic focus. It has ensured HCL’s success in a dynamic US market environment and is geared to deliver a balanced growth, going forward.
Commenting on the results, Dr. Shami Khorana, President, HCL America, said, “During this quarter, we continued to successfully execute on our highly differentiated GTM strategy of delivering total IT outsourcing solutions to our customers, leveraging a complete vertical portfolio. Our US business in Calendar …
Big Indian Players Answer the Call to be Closer to US Clients
December 9th, 2009Coinciding with a turnaround in business sentiments in its largest market, top-tier IT companies such as Infosys, Wipro and HCL Technologies appear to be aggressively ramping up North America-based delivery capabilities.
While Infosys Technologies has bought McCamish Systems based in Atlanta, Georgia, HCL Technologies has completed the acquisition and upgradation of a data centre in Parsippany, New Jersey. In the last four months, Cognizant has announced the expansion of two of its delivery centres in Phoenix (Arizona) and more recently in Toronto, Canada.
Market watchers are of the opinion that industry seems to be carrying on from where it left-off when global financial crisis put a spanner on client IT spends.
“The slowdown hit demand visibility, as customers held back purchase decisions or pruned their budgets. During that period, we saw IT services companies focus on internal costs and efficiencies. But now that the bad news has subsided, the IT industry is hopeful …
Citi Looks to Outsource over $300 million in Contracts
October 15th, 2009BANGALORE: Having sold its back office and IT captives to TCS and Wipro last year, Citigroup is now exploring sale of its internal technology platforms, bundled wit outsourcing contracts worth almost $350 million, as the bank seeks to exit non-core businesses and outsource more processes.
At least three persons familiar with Citi’s outsourcing strategy said the bank is in discussions with Indian tech firms and other multinationals for an outsourcing contract, which will come with an upfront payment of anywhere between $25 and $50 million each for the bank’s internal equity trading and asset management platform.
“These internal technology platforms are being used for delivering equity trading and asset management services. By selling these off, the bank wants to monetise these assets, and also bundle a multi-year outsourcing contract for better rates,” said a person familiar with the discussions. As reported by ET a few months ago, …
