HCL Technologies Eyes 20% Revenue From Digital Play By 2020

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HCL Technologies, India’s fourth largest software services company, expects digital, cloud, analytics, automation and internet of things (IoT) to grow faster than the traditional business segments, accounting for up to 20 per cent of revenues in next three to four years, from current five per cent.

According to Sanchit Vir Gogia, Chief Analyst & CEO of Greyhound Research, HCL has made quite a noise about its digital business, but on the ground, it has been weak as compared to larger competitors like TCS and Infosys. At present, the digital revenues for IT services firms broadly range between 10 to 15 per cent, he said.

Source: Business Standard

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