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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: ....

Raghu Krishnan , Surabhi Agarwal , Hcl Tech , Cyber Security , C Vijayakumar , ரகு கிருஷ்ணன் , சுராபி அகர்வால் , ஹ்க்ல் தொழில்நுட்பம் , சைபர் பாதுகாப்பு ,

HCL pays 16k staffers up to 30% of salary as skill perk

BENGALURU: HCL Technologies has offered a skill-based allowance of 25-30% of their CTC (cost-to-company) to about 16,000 employees. “These are skills where customers are paying a premium and we are passing it on to the employees. Over the years the number of people who qualify for this allowance has seen a steady increase. It’s a narrow segment, and that skill has to be in demand,” said Apparao V V, chief HR officer.
It introduced skill-based allowances some three years ago. The C Vijayakumar- led HCL has identified 25-30 hot skills.
“Based on 18 months data, we have geared up our engine in terms of certifying and training these people so that we can fulfil a large part of the demand internally. If 100 positions are required, we can fulfil 55 positions internally,” Apparao said. ....

Business News , Hcl Technologies , வணிக செய்தி , ஹ்க்ல் தொழில்நுட்பங்கள் ,

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 ....

Business News , Last Financial Year , Hcl Ceo Bengaluru , C Vijayakumar , வணிக செய்தி , கடந்த நிதி ஆண்டு ,

HCL Tech Q4 takeaways: Deal momentum strong, attrition rate under control

HCL Tech Q4 takeaways: Deal momentum strong, attrition rate under control
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Synopsis
The company said that it won its largest ever deals worth $3.1 billion in the quarter ended March, which was larger than Infosys’ $2.1 billion deal wins.
HCL Q4 net falls 26% QoQ; firm announces interim and special dividends
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MUMBAI:
HCL Technologies posted underwhelmed earnings for the quarter ended March as both the topline and bottomline of the company missed analysts’ expectations.
The company’s consolidated net profit fell nearly 26 per cent on a quarter-on-quarter basis, whereas its consolidated revenues grew 1.8 per cent.
“FY21 has been an unprecedented year by all yardsticks. In this pandemic year, HCL was able to support clients not only to run their businesses, but also to digitize and modernize their applications and operations,” said Prateek Aggarwal, chief financial officer at HCL Technologies in a post-ear ....

Prateek Aggarwal , Hcl Technologies , Deal Momentum , Attrition Rate , ஹ்க்ல் தொழில்நுட்பங்கள் ,

Gift of the jab

Gift of the jab
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/ Morning Dispatch
TCS,
Infosys, Wipro and Tech Mahindra, which together employ about a million people, are kicking off huge vaccination drives for them and their families.
Also in this letter:
Tessolve raises $40 million in funding
Karnataka allows only essential deliveries on weekends
Vaccine camps by India s IT firms
Large IT services firms, including Infosys, Wipro, Tech Mahindra are organising Covid vaccination camps on campuses across India for employees and their families. TCS meanwhile has announced plans to vaccinate employees and their families through direct partnerships with vaccine suppliers.
Driving the news: The government has opened up Covid vaccinations for all adults from effective May 1. On Wednesday, ....

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