HCLTech is counting on new growth areas instead of macro improvements: CEO C Vijayakumar
As the $283-billion IT service industry navigates a shift in its delivery mechanisms and revenue streams, HCLTech is focusing on new areas to bring in revenue instead of waiting for macroeconomic conditions to get better or traditional spend to continue, its chief executive C Vijayakumar said in an interview with ET’s Shristi Achar and Surabhi Agarwal.
Areas like business operations and application development are being cannibalised, but the Noida-headquartered company’s focus on AI-enabled service also lends it more market share as it doubles down on increasing its efficiency. The company, which has been actively making capability-led acquisitions, is also betting on building in-house IP to scale Agentic AI across enterprises. Edited excerpts:
