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HCL Tech: No impact of Covid second wave on demand so far, says HCL Tech CEO

Have you seen any impact of the Covid second wave on demand?
C Vijayakumar: So far, we have not seen any impact in the demand environment. The demand environment remains very robust because a lot of clients in most verticals are accelerating two kinds of initiatives. One is cost optimisation or variablising the cost structures. The second set of initiatives are around business transformation or digital transformation, investing in the new technologies to deliver differentiated business outcomes.
We see both ends of the investment thesis being played out. There are some strong verticals like life sciences, technology services, financial services where we see digital transformation as well as cost optimisation. There are other verticals like energy, utilities and telecom. Some of them are also trying to reduce significant cost, especially the telecom providers so that they can reinvest in 5G deployment efforts. I see a very positive demand environment. ....

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HCL Tech: Booking is a better metric to show demand than guiding specific numbers: HCL Tech's C Vijayakumar

Booking is a better metric to show demand than guiding specific numbers: HCL Tech s C Vijayakumar
C Vijayakumar, CEO, HCL Technologies
Synopsis
HCL Technologies sees continued demand from clients across sectors for shifting their applications to the cloud and for cybersecurity solutions
HCL Technologies sees continued demand from clients across sectors for shifting their applications to the cloud and for cybersecurity solutions, said its CEO, C Vijayakumar. Vijayakumar told ET s Surabhi Agarwal and Raghu Krishnan in an interview that being transparent in order booking due to the increased demand is a better metric than guiding specific numbers for the year ahead. Edited excerpts: ....

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Tech has become the lifeline to survive: HCL CEO

Tech has become the lifeline to survive: HCL CEO
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Tech has become the lifeline to survive: HCL CEO
Shilpa Phadnis / TNN / Apr 26, 2021, 09:17 IST
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BENGALURU: In 2020-21, HCL signed 58 new large deals with a total contract value (TCV) of $7.3 billion, an 18% increase over the previous year. In an interview with TOI, HCL CEO and president C Vijayakumar spoke about the demand outlook. Excerpts:
HCL has guided for double-digit growth this year. What are the drivers of demand?
The themes of growth remain the same. Customers are looking at two-three broad areas – how can they optimise costs, make their cost more variable, and that’s one set of operating model transformation they are doing. The second set of initiatives are around digital, whether it is modernising their applications, cloud migration, security, reimagining the supply chain, and enhancing customer experience. Some sectors are focused on digitisation ....

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Demand is stable, it was taxation that impacted our Q4 show: HCL Tech CEO

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HCL Technologies Will Consider More Metrics To Measure Growth From Products And Platform: CEO C Vijayakumar

HCL Technologies Will Consider More Metrics To Measure Growth From Products And Platform: CEO C Vijayakumar
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