HCL Technologies ranked No. 1 Engineering Services Provider by leading globalization advisory firm

HCL Technologies Ltd. (HCL), a leading global IT services provider has been ranked as the #1 service provider by Zinnov, a leading globalization and Market expansion advisory firm, in their latest study titled 'Global R&D Service Providers Rating (GSPR) 2012'.

As per the 2012 rankings, HCL is rated as number one across three industry verticals – Aerospace, Automotive & Consumer Electronics. The rankings analyzed the capability of IT firms on five parameters viz. human capital, product development capabilities, financials, ecosystem linkages, infrastructure & innovation / IP creation and HCL was ranked as the #1 services provider on an overall basis across the five parameters.

Commenting on the study, Pari Natarajan, Co-Founder & CEO, Zinnov, said, "HCL has significantly grown over the last two years in the R&D and Product Engineering Services (PES) space. Their industry transforming innovation for customers, unique capabilities in areas like product conceptualization and user experience design provide HCL the winning edge. HCL's play in the PES space with niche capabilities, deep expertise through centers of excellence, investment in customer labs, industry research, hyper-specialization approach has catapulted them to the leadership position."

"We are honored to be named as the global leader in R&D Services," said Sandeep Kishore, Executive Vice-President, Engineering and R&D Services, HCL Technologies, "Over the past few years we have made significant investments in Engineering and R&D Services (ERS). HCL not only provides core product development services but also helps customers in creating competitive advantages around products through productized solutions. These productized solutions come under the umbrella of Engineering out of the Box (EOOTB) solutions and are a key tenet of our ERS strategy. This recognition by Zinnov is a testimony of our leadership in creating differentiated solutions for our customers in this space. "

HCL has 35 years of Product Development heritage with focus on developing products for global customers by leveraging its embedded software, hardware, and systems engineering skills. HCL ERS has rich experience in developing safety-critical embedded products involving cutting-edge hardware, complex middleware, rich applications, and interactive GUI across multiple processor families and real-time operating systems. HCL's Engineering Out of the Box approach leverages its proprietary Industrialized Services and productized Solution Accelerators with relevant Domain Knowledge to provide business value to customers beyond Engineering Services in areas including Product and Platform Launch & Acceleration, Product Quality & Compliance, Value Engineering and Smart Products.

The HCL Technologies Ltd. stock was trading at Rs.521, down by Rs.3.75 or 0.71%. The stock hit an intraday high of Rs.522.75 and low of Rs.517.25.

The total traded quantity was 0.10 lakhs compared to 2 week average of 1.43 lakhs.

Source : Equity Bulls

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