Gupta, whose departure from HCL Technologies was announced today, has founded a new investment firm 'Techcelx' that will focus on developing next-gen digital technology products and platforms.
"Vijay has been a transformational leader in the company leading from the front. His vision and flawless execution trackrecord best positions him for taking our journey forward," HCL Technologies Chairman and Chief Strategy Officer Shiv Nadar said.
HCL Technologies' first quarter (April-June) beat analysts' expectations on all parameters by reporting 6 percent growth each in profit at Rs 2,055.2 crore and revenue at Rs 11,336 crore on sequential basis.
The company said that it will further strengthen its '21st Century Enterprise strategy', which is essentially a blueprint for re-aligning IT consumption formats to outcome-based, service-oriented and lean solutions.
HCL Tech has recorded broad-based growth, is the word coming in from Anant Gupta, CEO of HCL Technologies; while Anil Chanana, the CFO says he continues to maintain EBIT margin band of 21-22 percent
Anant Gupta, President and CEO, HCL Tech says digitalization in infrastructure, modern application and engineering services is going to aid HCL‘s growth.
Global IT majors CSC and HCL Technologies have joined hands to form a banking software and services joint venture company.
Anil Chanana, chief financial officer of HCL Tech says the industry continues to see good growth. He expects margins to be at 21-22 percent considering the company has stepped up investments in the last few months.
HCL Technologies, the fourth largest software services exporter in India, surpassed street expectations on every parameter on Friday by reporting 2.3 percent sequential growth in profit after tax at Rs 1,915 crore.
Software services exporter reported revenue at Rs 8,735 crore during the quarter, increased by 3.7 percent quarter-on-quarter (up 10 percent year-on-year) and dollar revenue rose by 1.85 percent (up 13 percent on yearly basis) to USD 1,433 million.
HCL has signed 15 transformational engagements with more than USD 1 billion of total contract value in this quarter.
Clients are becoming a little less tight-fisted about IT budgets in 2014. But they're also getting more choosy about where they want to put this money. And emerging technology like digital, analytics and mobility are the verticals of choice.
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.
Anil Chanana, CFO, HCL Technologies says the firm will be focused on a delivering profitable growth to the markets.
HCL Technologies' margins in the medium-term will be in the 18-19 percent range, CFO Anil Chanana said on Wednesday.
HCL Technologies has risen over 60 percent in the last one year, and its EBIT (earnings before interest, taxes) margins are up 400bps since Jan 2012, but interestingly the P/E multiple has not kept pace with the EPS (earning per share) upgrades.
Cognizant came out with a healthy set of numbers and has beaten in terms of guidance. Their outlook remains mixed according to a lot of analysts. Ankur Rudra of Ambit Capital tells us how can we extrapolate this to the IT sector.
Software services exporter HCL Technologies' says it continues to see demand for non-discretionary spends and growth is likely to remain strong in 2013.