HCL Technology, a prominent player in the software industry, expresses optimism about its business outlook, as evident from discussions at the ongoing Citi India Investor Conference. The management is encouraged by the growing demand scenario and is strategically aiming for revenue growth in the top quadrant.
The company’s deal pipeline is robust, indicating a positive trend in business opportunities. While margins are anticipated to remain relatively stable year-on-year, there is an acknowledgment that the pricing environment is consistent. In certain cases, adjustments for the cost of living are being implemented, maintaining competitiveness in the overall market.
Anticipated growth is concentrated in the top quadrant, accompanied by expectations of sustained margins. However, as the company is currently in the planning stage for FY12, a clearer picture will emerge only after the annual sales results are disclosed at the end of FY11 in June.
Regarding its India business, which was established approximately three years ago, HCL Technology will focus on three key verticals: financial services, energy and utilities, and government business. The management foresees significant growth potential in these sectors moving forward.
