{"id":832877,"date":"2024-07-15T10:57:33","date_gmt":"2024-07-15T05:27:33","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=832877"},"modified":"2024-07-15T11:07:15","modified_gmt":"2024-07-15T05:37:15","slug":"asap-drags-down-hcltech-europe-revenue-in-q1","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/15\/asap-drags-down-hcltech-europe-revenue-in-q1\/","title":{"rendered":"ASAP drags down HCLTech Europe revenue in Q1"},"content":{"rendered":"<p>IT major HCLTech reported a downturn in revenue from its European operations in the quarter ended June, largely due to the underperformance of its recent acquisition, ASAP Group, according to C Vijayakumar, chief executive officer of the company. <\/p>\n<p>\u201cThe acquired company, ASAP, particularly in the automotive sector, performed below our expectations. There\u2019s noticeable softness in the automotive segment, especially in Germany, which is exerting pressure,\u201d Vijayakumar told FE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IT major HCLTech reported a downturn in revenue from its European operations in the quarter ended June, largely due to the underperformance of its recent acquisition, ASAP Group, according to C Vijayakumar, chief executive officer of the company. \u201cThe acquired company, ASAP, particularly in the automotive sector, performed below our expectations. There\u2019s noticeable softness in the automotive segment, especially in Germany, which is exerting pressure,\u201d Vijayakumar told FE.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-832877","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/832877","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=832877"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/832877\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=832877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=832877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=832877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}