A transformed HCL hits the sweet spot
Its last quarter performance is in line with what the market has now come to anticipate from HCL. The IT major has been surprising industry watchers for nearly a year with its consistent performances. What is exciting is the fact that the company has been able to do very well in its American and European markets. When most of the IT firms are trying to focus on emerging markets and developing their product platforms, HCL has concentrated on what gets the maximum value i.e. focus on software’s two key markets. With many contracts up for renewal shortly, HCL has camped around these parts trying to hit the sweet spot. On a LTM basis Europe grew 17% and Americas rose 18%. Sequentially, the firm recorded a rise of
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