HCL Technologies Ltd., a leading global IT services provider, has announced results for the year and quarter ended June 30 2011.

For the full year, HCL’s global revenues increased by 31.1% YoY to US$ 3,545 mn. During the quarter, HCL posted strong growth with global revenues increasing by 30.5% YoY to US$ 963 mn.

HCL’s European business posted a revenue increase of 28.9% YoY in FY 2010-11 and 5.9% QoQ in the fourth quarter of FY 2011. This geography contributed 27.1% to HCL Technologies’ revenues in the quarter. HCL’s continued commitment to the region has resulted into several significant multi-million dollar wins across Europe this quarter including Mecom, Deutsche Bank, Ikea and Danfoss amongst others.

These wins come on the steam of HCL’s increased micro-vertical focus in the region and a strong positioning in the swiftly expanding Continental Europe market.

Commenting on the results, Rajeev Sawhney, President for HCL Europe, said “HCL’s Go-To-Market (GTM) strategy in the region continues to be validated by demonstrating the increase in market recognition of the value HCL delivers to its current and new customers in Europe. By encompassing specific integrated horizontal, sector and geographic focus and we have gained momentum in ensuring HCL’s success in a dynamic market especially in the Nordics and the rest of Continental Europe.

"We are now better geared to deliver a balanced growth, going forward. This winning strategy combined with our continued commitment in endorsing our ground-breaking philosophy and principles around Employees First, Customers Second, has put HCL on the map in Europe.”