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Tech spend to increase, we'll hire 30K in FY24: HCLTech CEO C Vijayakumar

IT major HCLTech reported strong growth in net profit and operating margins in Q3FY23

C Vijayakumar, president and chief executive officer, HCL Technologies
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C Vijayakumar

Sourabh LeleShivani Shinde
IT major HCLTech reported strong growth in net profit and operating margins in Q3FY23. C Vijayakumar, chief executive officer and managing director, in an interview to Sourabh Lele & Shivani Shinde says global technology spend will continue to increase despite macroeconomic challenges. Edited excerpts:

How will you summarise the company’s performance in the last quarter?

Q3 and Q4 have certain specific dynamics from HCLTech’s perspective, caused by our software business. In Q3, the software business peaks because before December there are a lot of new licence purchases. And that’s what has driven a very strong 30 per cent sequential growth rate in