HCL Named a Leader in 2021 Application Modernization and Migration Services Analyst Report

HCL Technologies (HCL), a leading global technology company, has been named one of six “leaders” in the Forrester Wave™: Application Modernization and Migration Services, Q3 2021.

In its report, Forrester researched, analyzed and scored 14 of the most significant providers in a 26-criterion evaluation. It recognized HCL for its digital transformation offerings, including the use of tools and methodologies, such as the FENIX modernization methodology and the Advantage suite of implementation solutions, which help accelerate cloud-native application development, containerization, and migration of application workloads to target cloud platforms.

According to the report “Customer references praised HCL’s flexibility, cost competitiveness, client advocacy and strong account management skill. Customers also noted HCL’s long-standing employee-first philosophy helps reduce the impact of turnover and cited its extensive hyperscaler competencies.”

“HCL is honored to have Forrester researchers recognize the efforts of our talented team,” said Anand Birje, Senior Corporate Vice President and Head of Digital Business for HCL Technologies. “HCL has long focused on bringing customers cost-conscious solutions to help them stay competitive in an ever-changing digital world. As technology becomes even more critical in the new normal, we will continue to collaborate with customers on capturing new market opportunities through digital transformation, application modernization while also advancing sustainability goals.”

About HCL Technologies

HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCL’s Mode 1- 2-3 strategy, based on its deep-domain industry expertise, customer-centricity and entrepreneurial culture of Ideapreneurship™, enables businesses to transform into next-gen enterprises.

HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in the areas of applications, infrastructure, digital process operations and next generational digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering. P&P provides modernized software products to global clients for their technology and industry specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, categorized as Financial Services, Manufacturing, Technology & Services, Telecom & Media, Retail & CPG, Life Sciences & Healthcare and Public Services.

As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability, and education initiatives. For the 12 months ended June 30, 2021 HCL had consolidated revenue of $10.54 billion. Its 176,499 Ideapreneurs operate out of 50 countries.

For more information, visit www.hcltech.com

Forward–looking Statement

Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes’,’ strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, business process outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the Management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

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