HCLTech will focus on GenAI-led solutions on client demand: CEO C Vijayakumar
IT services firm, HCLTech, is changing its strategic direction towards evolving GenAI-led transformation as client demand is seeing an uptick, chief executive and managing director C Vijayakumar told ET.
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“There are a lot of new things happening on the technology front, and that requires newer strategies to be adopted on how do we proactively enable or embrace the technology changes. That's really where our strategic direction is,” Vijayakumar said, a day after the company posted a 5.5% rise in net profit and 5.1% growth in revenue, backed by strong services growth and deal wins.
The Noida-based IT giant, founded by billionaire Shiv Nadar, also tweaked guidance on fiscal 2025 revenue growth to 4.5-5.0% from the earlier 3.5-5.0%.
There is a sequential improvement in the green shoots that have become visible in the financial services and technology sector, in spite of some seasonality of furloughs, Vijayakumar said.
“I think we see that demand continued to inch up a little bit across verticals. Overall, we see clients focused on leveraging some of the new technologies like generative AI to drive more innovation, efficiency in their operations, and start application modernisation programmes which they were not looking at before,” Vijayakumar said.
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