HCL Technologies topples Wipro to become India's third-biggest IT firm

HCL Technologies on Friday delivered an in-line performance in the first quarter ended June, but that was enough to take a lead over closest rival Wipro in revenue run rate to emerge as the third-largest company in the domestic IT services space.

The last time the pecking order in the domestic IT services industry got altered was in 2009 when HCL itself overtook the then scam-ridden Satyam to become the fourth-largest player.

In Q1 of FY18, HCL’s dollar term revenues grew 0.8 per cent to $2.05 billion, which is at least $28 million higher than Wipro’s revenue for the quarter, which stood