Hope that FY19 will be better than FY18: HCL Tech

HCL Technologies reported a largely in-line set of earnings. The company has maintained guidance on all parameters. Profit and dollar revenue have come in-line with estimates. In an interview with CNBC-TV18, C Vijayakumar, CEO and Anil Chanana, CFO of HCL Technologies spoke about the performance and guidance of the company.

We have done very well this quarter and whatever we do in Q4 will not change the numbers in a significant manner for the full year. So we continue to maintain that we will be in the guided range, said Vijaykumar.

According to him, growth will be well-balanced between organic and inorganic, going ahead.

The company has seen the highest bookings in the last 12 quarters. That gives us a strong reason to be optimistic about FY19, he said.

We are bullish on North America engineering and application services, he added.

He expects large deals to pick up in North America.

I hope that FY19 will be better than FY18 and I believe that there is enough optimism based on the booking and the organic and inorganic pipeline gives us good optimism for FY19, he further mentioned.

Currency impact on margin was at 10 basis points (bps), Said Chanana.

Saw cost optimisation in selling, general and administrative (SG&A) front which aided margin, he added.

Chanana expects to maintain margin guidance and feel confident on the demand side.

Speaking about digital deals, he said that he expects digital deals to lead to margin expansion in another 4-6 quarters.

For entire discussion, watch accompanying video...