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| 21dHCL Tech remains an IT outlier. But CEO remains cautious of macro pressures
HCL Technologies had a strong financial year 2023-24, outperforming its rivals with better revenue growth and being the only IT services company to increase its employee count. However, concerns have been raised due to a projected revenue growth of only 3-5% for FY25 caused by decreased spending on IT in key global markets. CEO C. Vijayakumar acknowledges the macroeconomic pressures on the industry but remains committed to maintaining profitability. HCL Tech plans to hire 10,000 freshers in FY25, with a focus on data analytics, SAP tools, and cybersecurity. The adoption of generative AI is ongoing, with companies still evaluating its scalability and returns on investment.
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