A quick pivot to demand helped realise good growth: HCLTech's C Vijayakumar

From a larger proportion of smaller deals, we have moved into an environment where there is a much higher share of large deals in the pipeline, says C Vijayakumar, CEO & MD HCLTech

After a disappointing performance by India’s top two IT services players — TCS and Infosys — HCLTech’s 10.8 per cent year-on-year (YoY) jump in Q4FY23 net profits, beating the Street expectations, was a breather for the sector. In an interview with Sourabh Lele and Shivani Shinde, C Vijayakumar, chief executive officer and managing director, says consolidation will be the theme in FY24 and describes how HCLTech is gaining. Edited excerpts:

Do you think the momentum of Q4FY23 will continue for your company in the uncertain macroeconomic situation?

We do see client budgets coming under pressure, because sheer inflation takes everybody’s