Demand is stable, it was taxation that impacted our Q4 show: HCL Tech CEO

In a Q&A, C Vijayakumar says most client geographies seem very focused on continuing their journey, whether it is digital transformation, optimising cost structures or implementing new solutions

Topics
HCL Technologies | IT Industry | Q4 Results

Neha Alawadhi  |  New Delhi 

HCL Technologies on Friday reported a 64.9 per cent YoY decline in its Q4 net profit, as the impact of higher taxes and one-time bonus payment was visible in the company's fourth quarter numbers. However, the firm said it expects double digit-growth this financial year.

CEO C Vijayakumar spoke about plans for the year and the impact of the pandemic. Edited excerpts: What was the reason for the quarterly profit being down 65 per cent? That was because of a taxation issue in India. There are certain technicalities, because of which in India AS we had to provide for higher ...

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First Published: Sun, April 25 2021. 17:48 IST
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