We are seeing a solid deal pipeline

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Debojyoti Ghosh:  Oct 22 2012, 03:33 IST
Despite the key economies of US and Europe continuing to struggle for growth, HCL Technologies has recorded a 17-18% year-on-year revenue growth in these regions on a LTM (last 12 months) basis. Anil Chanana, chief financial officer, HCL Technologies, tells Debojyoti Ghosh that the company is extremely focused on these markets, as large long-term deals are up for renewals in these regions. Excerpts:

During the July-September period, Europe had a growth of 16.4% year-on-year, while Americas grew 13.5%. How do you see business growing in these regions?

We are seeing very good growth in these regions. Both the geographies has grown significantly between 17-18% on a last twelve months (LTM) basis. We are extremely focused on these markets, because this is where the deal renewals are taking place. The deals from these regions are mostly long term. It is not just a project but a kind of relationship that you establish with the customers as they look for partners who can deliver capabilities. IT infrastructure is the backbone of any business. We are seeing very good traction across sectors in these regions except for telecom. We have opened centres in the overseas markets and are expanding our presence. We have also said that we will be creating 10,000 local jobs over a period of five years.

With the continuing slowdown in the mature markets, how do you see the deal pipeline going forward?

We are seeing a very solid deal pipeline. The market in which HCL operates, we are seeing good growth. According

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