HCL does not expect coronavirus outbreak to dent its Q4 numbers much

HCL doesn’t expect much impact from virus in Q4

HCL Technologies, the country’s third-largest information technology (IT) services firm, says it does not expect a significant impact in this quarter from the Covid-19 pandemic, which has disrupted businesses globally.

“Our exposure to the more impacted verticals is not significant. Booking during this quarter has largely been on track as a significant part of closures happened in January,” HCL said.

HCL says its business model is a mix of recurring product revenues, managed services and discretionary spending-led professional services. “From a vertical perspective, our exposure to verticals like oil and gas, travel