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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