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videos | IST

Digital bigger opportunity than cloud: HCL Tech

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The next tech wave is said to be driven by cloud where everyone has built scale and the expertise to participate. In an interview to CNBC-TV18, Prateek Aggarwal, CFO of the company spoke at length about their strategy.

HCL Technologies has rallied 15 times in the last decade, 2001-2020 period. HCL Tech was the first to catch on the infra management services wave, build scale and benefit from it which differentiated the company from its peers.
The next tech wave is said to be driven by cloud where everyone has built scale and the expertise to participate. In an interview to CNBC-TV18, Prateek Aggarwal, CFO of the company spoke at length about their strategy.
He said that the company’s net income has gone up by over 20 percent CAGR over the last decade and the stock is up 90 percent as RoE maintained above 25 percent for the past 3 years.
On core business front, Aggarwal said, “Engineering and research and development services, ERS as we call it, is the original DNA of the company and products and platforms, apart from the cloud which is very much in the discussions today, it’s software products which is an even bigger opportunity because that is what digitization is all about.”
He added that Q3 deal pipeline has increased quarter on quarter (QoQ) and it’s the highest ever.
For entire interview, watch video