HCL Technologies chief executive Anant Gupta told FE that he is optimistic about future prospects.
HCL Technologies chief executive Anant Gupta told FE that he is optimistic about future prospects. Excerpts:
Larger peers, TCS and Infosys have indicated a muted environment in the second half of the year. What is your view?
We don’t see that. We do see a significant pipeline on ITO (information technology outsourcing) and renew (contracts) markets, largely driven by “dark areas” such as France, Germany and Switzerland. Germany and France alone constitute 7% of the global ITO spend.
Why did you take a one-time provision for the client this quarter? Does this follow the pre-earning briefing that indicated a $29 million reservation during the quarter.
The client (in public services sector) is re-looking at the contract. Its better to take a provision now.
During the current quarter, some of the sectors such as manufacturing, financial services, life-sciences and healthcare have grown slower compared to the previous quarter. Your comments.
There will be aberrations Q-o-Q , but on a full year basis, we see a strong momentum for us in the manufacturing and financial services.
HCL Technologies like many of its peers is betting on digitalisation space. Can you give us a broad view on what are the deal size you are seeing?
For digitalisation, deal size is difficult to draw…it is still early days. The model is changing into an agile process. It is now in the $5-$20 million kind of engagement.