HCL Technologies Ltd. Among Cloud Top 500

Technology Hub, SEZ, Plot No. 3A, Sector 126

Noida, x, 201304, India

91 12 0612 5000



HCL Technologies Ltd. Strengths, Domain Expertise, and Key Differentiators

HCL Technologies is a global technology company that helps enterprises reimagine their businesses for the digital age. It's technology products, services and engineering are built on four decades of innovation, with a world-renowned management philosophy, a strong culture of invention and risk-taking, and a relentless focus on customer relationships. With a worldwide network of R&D, innovation labs and delivery centres, and 137,000+ ‘Ideapreneurs’ working in 44 countries, HCL serve leading enterprises across key industries, including 250 of the Fortune 500 and 650 of the Global 2000.

In 2018, IBM and HCL announced a definitive agreement under which HCL will acquire select IBM software products for $1.8 billion. The transaction is expected closed in mid-2019. The software products in scope represent a total addressable market of more than $50 billion and include: Appscan for secure application development, BigFix for secure device management, Unica (on-premise) for marketing automation, Commerce (on-premise) for omni-channel eCommerce, Portal (on-premise) for digital experience, Notes & Domino for email and low-code rapid application development, and Connections for workstream collaboration.

HCL Technologies Ltd. Recent Developments

In July 2019, HCL Technologies acquired and took full ownership of IBM products: AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes Domino, and Unica. HCL also introduced HCL Software, a new division that will operate and meet customer demand. Earlier that year HCL Technologies launched its HCL ADvantage Experience. This platform works with Adobe Experience Cloud to enable companies to create, personalize, and measure the customer experience through various touchpoints in a customer’s journey. The HCL Advantage Experience provides marketers with digital stores and libraries for quick launches, as well as the ability to integrate data from disparate legacy marketing systems.

HCL Technologies Ltd. Mergers and Acquisitions (M&A) Activities

In March 2019, HCL Technologies acquired Strong-Bridge Envision, a digital transformation consulting firm with offices in Seattle, Denver, Atlanta, and New York City. With this acquisition, SBE will become part of HCL’s global Digital and Analytics business. Also in September the same year, HCL acquired Sankalp Semiconductor. Sankalp’s capabilities, combined with HCL’s existing strengths, will help HCL sustain its leadership position in the semiconductor space within the Engineering and R&D Services industry. This strategic acquisition would enable HCL to further expand into newer market-domains, especially in analogue and mixed-signal design.

In April 2018, HCL Technologies and Sumeru Equity Partners( a technology and growth-focused private equity firm), have signed a definitive agreement to acquire Actian Corporation. The all-cash deal is valued at US$330 million. HCL will own 80 per cent while SEP will own approximately 20 per cent of the JV entity which in turn will own 100% shareholding of Actian Corporation. also in June 2018, HCL Technologies acquired H&D International Group. The acquisition is part of HCL’s long-term growth plan in Germany. This landmark deal sees HCL attain significant in-country front office and delivery capabilities and will further enhance the company’s domain expertise in the global automotive sector.

In April 2017, in order to bolster its capability in the area of BPO services and debt servicing, HCL Technologies acquired Urban Fulfillment Services. Furthermore, in 2017, HCL Technologies acquired Butler America Aerospace. Butler Aerospace has seven design centres and more than 900 engineers in the US. It provides engineering and design services in the areas of mechanical and structural design, electrical design, tool design, and aftermarket engineering services to customers primarily in the aerospace and defence industries in the US.

HCL Technologies Ltd. Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying HCL Technologies Ltd. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of HCL Technologies Ltd. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes Domino, and Unica customers.

HCL Technologies Ltd. Key Enterprise and Cloud Applications

AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes Domino, and Unica

HCL Technologies Ltd. Revenues, $M:

Type/Year20182019YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

HCL Technologies Ltd. Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareSupport & MaintenanceSaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

HCL Technologies Ltd. Revenues By Region, $M

Region% of Total Revenues2019 Total Revenues, $M2019 Enterprise Applications Revenues, $M2019 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

HCL Technologies Ltd. Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

HCL Technologies Ltd. Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified HCL Technologies Ltd. Customers

No. of HCL Technologies Ltd. Customers: x

No. of HCL Technologies Ltd. Enterprise Applications Customers: x

No. of HCL Technologies Ltd. Cloud Customers: x

No. of HCL Technologies Ltd. Cloud Subscribers: x

With HCL, customers get a fresh perspective and an alternative approach to enterprise environments. While traditional systems integration services remain critical with the shifting applications landscape, clients are now seeking partners that can also help them take advantage of emerging technologies and simplify their IT operations, while simultaneously reducing costs and investing in business growth.

HCL Technologies Ltd. Market Opportunities, M&A and Geo Expansions

In April 2019, HCL Technologies launched its CyberSecurity Fusion Center (CSFC) in Frisco, Texas. The opening of the CSFC represents the next phase in the company’s mission to support secure business growth by providing customers with a single point of contact for the enterprise security lifecycle, from detection to remediation. Also, the CSFC reflects HCL’s commitment to the state of Texas and the city of Frisco, which has served as strategic partners to technology innovation and expansion.

In January 2018, HCL signed a global reseller agreement with SAP SE where SAP will resell the HCL next-generation maintenance, repair, and overhaul solution under the brand name SAP Enterprise Asset Management (SAP EAM), an add-on for MRO by HCL for SAP S / 4HANA. In October 2017, IBM struck a "strategic partnership" with HCL Technologies that had the latter firm take over the development of the IBM Lotus Software's Notes, Domino, Sametime and Verse collaboration tools.

In May 2018, HCL Technologies has joined hands with Transportation Alliance (BITA), known for incorporating blockchain in the transportation industry, to implement blockchain.

HCL Technologies Ltd. Risks and Challenges

HCM is heavily relaying on revenue from services.

HCL Technologies Ltd. Ecosystem, Partners, Resellers and SI

In April 2019, HCL Technologies has become a Google Cloud Platform Premier Partner. The new partnership will help enterprises​ accelerate​ the​ adoption​ of GCP at scale and further​ strengthen​s​ HCL’s portfolio of cloud services. HCL is also an early adopter of Anthos,​ Google​ Cloud’s new open cloud platform, helping​ its clients build​ and manage hybrid cloud services and modernize applications with containers and microservices architectures.

HCL has a strong partner network and works with leading technology providers to deliver best-in-class solutions. Each business horizontal also works with niche partners to develop solutions in specialized technology areas.

HCL Technologies operate in 34 countries, including its headquarters in Noida, India. It has establishments in Australia, China, Hong Kong, India, Indonesia, Israel, Japan, Malaysia, New Zealand, Saudi Arabia, Singapore, South Africa, the United Arab Emirates, and Qatar.

In Europe, it covers Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Sweden, Switzerland, and the United Kingdom. In the Americas, the company has offices in Brazil, Canada, Mexico, Puerto Rico, and the United States.

HCL Technologies Ltd. Cloud Infrastructure Insights

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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

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