Business Standard

Tech spend to increase, we'll hire 30K in FY24: HCLTech CEO C Vijayakumar

IT major HCLTech reported strong growth in net profit and operating margins in Q3FY23

C Vijayakumar, president and chief executive officer, HCL Technologies
Premium

C Vijayakumar

Sourabh LeleShivani Shinde
IT major HCLTech reported strong growth in net profit and operating margins in Q3FY23. C Vijayakumar, chief executive officer and managing director, in an interview to Sourabh Lele & Shivani Shinde says global technology spend will continue to increase despite macroeconomic challenges. Edited excerpts:

How will you summarise the company’s performance in the last quarter?

Q3 and Q4 have certain specific dynamics from HCLTech’s perspective, caused by our software business. In Q3, the software business peaks because before December there are a lot of new licence purchases. And that’s what has driven a very strong 30 per cent sequential growth rate in

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in