Anticipating acceleration in business by the middle of 2010, HCL Technologies has said that it foresees early signs of recovery in the short term. The company, which posted a decline in standalone net profit for the quarter ended December 2009, by recording a dip of 35.82% to Rs 2,554.40 million from Rs 3,980.10 million in the same quarter last year, hopes for times to turn rosy soon.
According to a report, Vineet Nayar, CEO, HCL Technologies, was quoted as saying that, in 2009, HCL Technologies has delivered industry leading growth. “We see early signs of economic recovery, which we anticipate would gain momentum by middle of 2010. HCL is well positioned to leverage the structural shifts developing in the market place,`` Nayar said.
Meanwhile, it is being believed by the company that year 2010 would mean the end of the first decade of the millennium which began and ended with a recession and in its course brought about fundamental shifts in the industry. According to Shiv Nadar, chairman and chief strategy officer, HCL Technologies, “We have delivered consistent and sustained growth over these years and now as we stand on the threshold of a new decade I am confident that HCL will stay on the forefront of change.”
It a proven fact that HCL has continued to maintain the volume led growth momentum during the quarter in addition to focus on improving operational efficiency.
According to a report, Vineet Nayar, CEO, HCL Technologies, was quoted as saying that, in 2009, HCL Technologies has delivered industry leading growth. “We see early signs of economic recovery, which we anticipate would gain momentum by middle of 2010. HCL is well positioned to leverage the structural shifts developing in the market place,`` Nayar said.
Meanwhile, it is being believed by the company that year 2010 would mean the end of the first decade of the millennium which began and ended with a recession and in its course brought about fundamental shifts in the industry. According to Shiv Nadar, chairman and chief strategy officer, HCL Technologies, “We have delivered consistent and sustained growth over these years and now as we stand on the threshold of a new decade I am confident that HCL will stay on the forefront of change.”
It a proven fact that HCL has continued to maintain the volume led growth momentum during the quarter in addition to focus on improving operational efficiency.
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