The country’s fourth largest IT services exporter, HCL Technologies, on Friday reported a consolidated net income of Rs. 1,873 crore for the first quarter ended September 30, 2014, up 32 per cent, from Rs. 1,416 crore in the corresponding period last year.
According to analysts, HCL’s performance has exceeded the market expectations. It’s showing signs of healthy growth but not industry leading as yet.
“While HCL is continuously striving to create a strong foothold in the digital space, Greyhound Research is of the opinion that it’s best if HCL focuses on services and verticals which haven’t been generating profits for the company,” Sanchit Vir Gogia, CEO at Greyhound Research, said. Traditionally weak on the application services, the investor community is looking at improving account management and since it draws better margins in application services, he said.
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