 "Rush hour on Deal Street, demand wave props up HCL")
Leading software player HCL Technology is upbeat about its business prospects. The ongoing Citi India Investor Conference bears it out.
Talking about the demand scenario, the management thinks that it’s gaining traction. The company has firmly set its sights on a revenue growth in the top quadrant.
[caption id=“attachment_23669” align=“alignleft” width=“380” caption=“HCL Technologies is upbeat about its business prospects. The company has firmly set its sights on a revenue growth in the top quadrant. Screengrab from hcltech.com”]
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The deal pipeline looks robust, too. Margins, however, are expected to be flattish year-on-year. The pricing environment continues to remain stable. The cost of living adjustments is being passed on in some cases, though the overall situation is still competitive.
Growth is expected to continue among the top quadrant with stable margins. However, the company is at a planning stage right now (for FY12) and further clarity will emerge only with the annual sales (FY11 June-end).
The India business, which the company incubated about three years ago, will focus on three verticals - financial services, energy and utilities and government business. The management expects this business to size up well, going forward.