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Demand remains robust despite second Covid-19 wave: HCL Technologies CEO

HCL Tech CEO C Vijayakumar spoke to Neha Alawadhi about the firm's plans for the year and the impact of the pandemic

C Vijayakumar, CEO, HCLTechnologies
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C Vijayakumar, CEO, HCLTechnologies

Neha Alawadhi New Delhi
HCL Technologies had reported a 64.9% YoY decline in Q4 net profit, as the impact of higher taxes and one-time bonus payment was visible in the fourth quarter numbers. However, the firm says it expects double-digit growth in the current financial year. Chief executive officer (CEO) C Vijayakumar spoke to Neha Alawadhi about the firm’s 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 the Indian