Will acquisitions help HCL overtake Wipro?

Image: Mansi Thapliyal / Reuters HCL Technologies ended the fourth quarter of FY18 with revenues of $2.04 billion and the financial year with 12.4 percent growth over the previous fiscal.

The IT services company, founded by Shiv Nadar, is banking on a couple of recent acquisitions to push the numbers even higher in the next fiscal.

In April, HCL acquired C3i Solutions from Merck & Co. C3i is a specialist in customer management software in two areas—life sciences and consumer packaged goods.

The acquisition has opened the doors to business with several pharmaceutical companies and some top-tier consumer packaged goods companies, CEO C Vijayakumar told investors in a conference earlier this month. C3i’s revenues, however, have been declining, Vijayakumar added, and a turnaround could be expected in the fiscal year starting April 2019.

HCL’s other acquisition—Palo Alto-based software firm Actian Corp—will bring the company a strong portfolio of data management products.