Market Overview

HCL Technologies Named North America Leader in Application Services by Ovum

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HCL Technologies, a leading global technology company, today announced
that research firm Ovum has recognized the company as a market leader in
its 2018-2019 "Ovum Decision Matrix: Market Leaders in North American
Applications Services." Ovum cites several key differentiators
illustrated by HCL, including its commitment to client outcomes, its
agile approach to application services, and its willingness to innovate
with a large variety of output and business value-based models. In the
report, HCL receives the highest rating in the strategy execution
category.

"Applications services are moving beyond cost and process improvements
to become a means for business transformation and enhanced capabilities,
allowing businesses to capitalize on digital and other industry
developments," said Ajit Kumar, President – Applications & SI
Services Delivery, HCL Technologies
. "Being named a leader by Ovum
further validates our strategy for application product and services
evolution, and our commitment to an agile approach."

"Service providers are evolving rapidly, with an emphasis on delivering
efficiency, flexibility, and growth through application services tuned
to specific objectives and priorities. Traditional application
development practices are giving way to agile or hybrid methodologies,
underpinned by a wide range of tools, automation methods, and
accelerators that promise faster time to market and higher-quality
output," said Hansa Iyengar, Senior Analyst, Ovum. "HCL stands
out for its strong commitment to client outcomes, which is reflected in
its approach in enabling technology disruptions that can significantly
optimize business processes."

Ovum notes the strong reputation of HCL's consulting organization,
resulting from its hands-on approach to application modernization,
supported by hybrid delivery options and frameworks, and a desire to
move away from a waterfall approach. Also acknowledged, is the strength
and diversity of the company's consulting organization, which includes
specialized teams that operate across vertical and horizontal practices,
as well as data scientists who work in areas such as algorithm design,
data lake design, and machine learning.

HCL's applications and service delivery business empowers clients with
transformational value by leveraging proven deployment techniques and
industry best practices to create change-the-business, run-the-business,
and cross-functional IT solutions. HCL is a leader in enabling
organizations to stay on the cutting edge, through the development of
robust applications that are scalable, secure, and easily maintained.

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