HCL PEROT SYSTEMS: Poised for Growth

Sales picked up after two tough quarters 390 new employees came on board BFSI accounted for nearly 55% of revenues

The appreciation of the rupee and a cut in IT budgets led a marginal drop in
revenues for HCL Perot Systems. While 46% of the company’s revenue came from
the US, the UK accounted for 43% and APAC 11%. November 2002 saw trouble brewing
between HCL and Perot over the issue of management control–the media raised
questions on the future of this 50:50% partnership between Perot Systems and HCL
Holdings Gmbh. The dispute was resolved when the company announced that there
would be no change in the nature of the partnership or composition of the
management team. The company has earmarked Rs 30-crore spend in 2003-04 and is
planning to set up a facility in Dallas. The funds will also be utilized in
upgrading its development centers in Noida, Bangalore, London and Singapore.
Around 600 software professionals will be added in 2003 to serve verticals like
retail and government.

Chief operating officer: CP Gurnani Start-up year: 1996 Area of operations: Software services Address: Plot No 3, Sector 125, Noida 201301 , Uttar Pradesh Tel: 0120 2432750 Fax: 0120 2430545 Website: www.hclperot.com