CEO Anant Gupta shared the company‘s success with its employees and customer and said that the company will continue to reinvent itself in 2014.
“I would say 2014 continues to look good. The renewal market continues to be buoyant, something we always have been saying. So I would say the market is buoyant,†said Anant Gupta, CEO, HCL Technologies in an interview to CNBC-TV18.
In an interview to CNBC-TV18, Som Mittal, President, NASSCOM spoke about IT sector growth trajectory.
While Shiv Nadar, founder and chairman, HCL Tech, is confident the company will not be sold out in the next 10 years, Roshni Nadar, executive director and chief executive officer, HCL Corporation adds that the same is unlikely for the next 20 years.
The country's fourth largest IT firm ended September quarter with revenues that grew at a slower pace than that of its rivals, though profit beat market expectations by rising 64 percent.
Anil Chanana, CFO, HCL Technologies says the firm will be focused on a delivering profitable growth to the markets.
Going ahead, product is going to be packaged as part of the service and is going to be offered on a per user per month, per usage basis
In an interview to CNBC-TV18, Anant Gupta, chief executive officer explains the IT major is now shifting focus to the infrastructure markets as the penetration of infrastructure by Indian Outsourcing Providers (IOP) is less than 5 percent put together.
HCL Technologies' margins in the medium-term will be in the 18-19 percent range, CFO Anil Chanana said on Wednesday.
Anil Chanana of HCL Technologies said they have not seen any pricing pressure and their realisations continue to be the same.
Software services exporter HCL Technologies' says it continues to see demand for non-discretionary spends and growth is likely to remain strong in 2013.
HCL Technologies' consolidated net profit rose 78 percent, year-on-year, to Rs 885 crore in July-September quarter. In an interview to CNBC-TV18, the company‘s management — vice chairman and chief executive officer Vineet Nayar and chief financial officer Anil Chanana—speak about the results.
Speaking to CNBC-TV18, Vice chairman and CEO Vineet Nayar said that though macroeconomic initiators continue to be weak, he remains optimistc remains optimistic on account of vendor churn on account of vendor churn.
HCL Technologies, India's fourth-largest software services exporter, reported a 28% rise in quarterly net profit, beating expectations, after customers boosted orders to cut operational costs amid the global economic uncertainty.
There has been significant vendor churn in the last months amid global economic uncertainties led by the Euro zone debt crisis, Vineet Nayar, Vice Chairman and CEO of HCL Technologies said on Monday.
HCL Tech has registered Q3 EBIT growth at 42% year-on-year led by the slew of deals that the company managed to garner in Q2.
In an exclusive interview to CNBC-TV18, the management of the company says that they are satisfied with the volume growth rate and deal announcements this quarter, but hat they see soft growth from Japan and India.
After all the bad news from the Europe and US, IT companies finally have something going their way. The sudden depreciation in the rupee will positively impact the revenues of the IT sector.
Turmoil in US and UK markets has largely impacted IT companies that are dependant on their foreign clients. HCL Technologies is one such company that may face difficulties due to the global environment. However, Vineet Nayar, vice chairman and chief executive officer said that the company’s growth outlook remains unchanged.
HCL, which counts Microsoft, IBM, HP and Oracle as partners, said it was seeing a significant churn among vendors. "The deals in pipeline are bigger than ever before with October-December being the biggest quarter in terms of booking orders. With this our working capital cycle too is seen declining consistently," the management pointed out.
In an interview to CNBC-TV18, Vineet Nayar, chief executive of HCL Technologies said that bad macro-economic condition in developed world is good for Indian IT industry.
HCL founder Shiv Nadar is all set to kick start the second Shiv Nadar University, a multi-disciplinary university, on the outskirts of the capital in Noida. In an interview with CNBC-TV18, Shiv Nadar, discuss his further plans for the university.
Software services firm HCL Technologies' third quarter (January-March) numbers beat analysts estimates by a comfortable margin. In an interview with CNBC-TV18’s Udayan Mukherjee, Vineet Nayar, VC and CEO, HCL Tech and Anil Chanana, CFO, HCL Tech, speak about the results and give their outlook going forward.
HCL Tech is the star performer as third quarter results have beaten street expectation. Its growth is led by strong improvement in margins and growth across verticals. Analysts are expecting an upgrade for the stock.
In an interview with CNBC-TV18’s Kritika Saxena, Shiv Nadar from HCL Tech said that they would be go ahead with restructuring if the clients’ need demands it and how do they consider it as an opportunity to adapt.