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HCL Technologies aims to overtake Infosys in the next five years, says report

HCL Technologies aims to overtake Infosys in the next five years, says report
IT major HCL Technologies is looking to overtake Infosys in terms of revenue in the next five years through acquisitions and intellectual property (IP) partnerships, Business Standard reported.
"They have a clear eye on overtaking Infosys in the next five years. The roadmap is that the business should grow 8-10 percent organically and 15-20 percent through the inorganic route, which all companies enable after they reach a double-digit growth" sources were quoted as saying in the report.
The company has a turnover target of at least $15 billion by 2022-2023, which can mean a compound annual growth rate of around 14 percent, sources added.
At the end of the previous financial year, the revenue gap between the two companies was $3.1 billion.

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Divis Labs4,313.05 -75.00 -1.71
Coal India157.15 -2.20 -1.38
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