HCL Technologies Ltd. Among Apps Top 500

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

, x, 201304, India

91 120 468 3000


List of Verified HCL Technologies Ltd. Customers

HCL Technologies Ltd. Recent Developments

In July 2018, HCL Technologies acquired Palo Alto-based Actian who offers hybrid data management, cloud integration, and analytics solutions. In 2018, HCL to acquire select IBM products for $1.8 billion. The products which represent a total addressable market of more than $50 billion include, Appscan for secure application development, BigFix for secure device management, Unica for marketing automation, Commerce for omni-channel eCommerce, Portal for digital experience, Notes & Domino for email and low-code rapid application development, and Connections for workstream collaboration.

HCL Technologies Ltd. M&A Activities

In June 2018, HCL Technologies acquired H&D International Group (H&D). 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 of Urban Fulfillment Services. In September 2017, HCL Technologies acquired ETL Factory Limited, doing business as Datawave, the acquisition of Datawave and its suite of products bolsters HCL’s capabilities to collaborate with clients on their mission-critical data transformation projects, incorporating a culture of DevOps and continuous integration. In January 2017, HCL Technologies acquired Butler America Aerospace. Butler Aerospace has seven design centers 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 defense industries in the US. The acquisition bolsters HCL’s capabilities in this space and access to clients with large R&D spends.

HCL Technologies Ltd. Key Enterprise & Cloud Applications


SCORES Analysis

HCL Technologies Ltd. Strengths

HCL’s Digital & Analytics services is one of the fastest-growing, large enterprise-focused digital transformation practices in the industry. HCL has helped large and complex enterprises across the world in banking and financial services, retail and CPG, healthcare, manufacturing, and others with their digital transformation journeys over the past few years. We help our customers discover and rethink their business processes to refurbish user experience and operational efficiency journeys. HCL’s strategy is to build upon the core strengths of HCL’s services businesses - helping enterprises with solutions across DevOps, Automation, Application Modernization, Security, and Data Management. HCL embraces the real-world complexity of multi-mode IT that ranges from mainframe to cloud and everything in between, while focusing on customer success and building ‘Relationships Beyond the Contract.’ HCL seeks to acquire and develop products not only from categories mentioned above that complement HCL’s existing businesses, but also products with large user bases and high profitability. Many of these products are mature, but HCL believes they can achieve more interest and growth with additional investments and energy. Investments in R&D, technical resources in the field, and sales and marketing will enable us to drive greater innovation for the products, which in turn will yield more mindshare and usage, and ultimately higher revenues. HCL continues to build a world-class software products business based on four primary principles. Some of these principals are aspirational, but all are guidelines on how HCL approaches its unique business.

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  • Key differentiators
  • Domain Expertise
  • Product portfolio
  • Solution scope

HCL Technologies Ltd. Revenues, $M:

Type/Year 2016 2017 YoY 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:

Type License Services Hardware Support & Maintenance SaaS
% 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 Revenues 2017 Total Revenues, $M 2017 Enterprise Applications Revenues, $M 2017 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

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

HCL Technologies Ltd. Customers

No. of Customers: Subscribe

No. of Enterprise Applications Customers: Subscribe

No. of Cloud Customers: Subscribe

No. of Cloud Subscribers: Subscribe

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  • Reference wins across regions
  • Customer Size segments
  • Customer wins momentum

HCL Technologies Ltd. Opportunities

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  • Market Opportunities at the vertical and subvertical levels
  • Mergers and Acquisitions (M&A), Funding
  • Geo Expansions

HCL Technologies Ltd. Risks

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  • Ability to handle internal and external risk and challenges

HCL Technologies Ltd. Ecosystem

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  • Health of ecosystem
  • Network Effects of BPO, ISV, SI
  • VAR Partners
  • Direct vs Indirect sales

HCL Technologies Ltd. Cloud Infrastructure Insights

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  • Cloud Infrastructure (IaaS)
  • Cloud Platform (PaaS)
  • Cloud Application delivery (SaaS)
  • Data Center (Hosting)

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).

For additional information on our methodologies, here's the link:




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