HCL Tech sets BPO centre in the Philippines
HCL Technologies plans to establish a BPO delivery facility in the Philippines by June 2012. HCL BPO presently has overseas delivery expansion in the UK, Northern Ireland, US and Poland.
The BPO services business has posted revenue of about $48 million during the June quarter, up 4.7 per cent year-on-year and down 4.4 per cent on sequential basis. The EBITDA losses for the BPO business narrowed to $0.9 million from $5.2 million in the year-ago period. At the EBIT level again, the losses came down to about $4 million against $6.5 million in the June quarter 2010, and $4.5 million in March quarter 2011.
Vineet Nayar, HCL Tech VC & CEO said, "We had predicted $7-million loss every quarter till December. But we are demonstrating lower losses…We are on track, and January-March 2012 will be the breakeven quarter for BPO business."
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