NEW DELHI: Because of slowing growth, HCL Technologies appointed C Vijay Kumar as chief operating officer in addition to his present role as president of infrastructure services. Infrastructure services contributes about 40 per cent of the company’s revenue. He will report to chief executive officer Anant Gupta.
The dual leadership structure will help the CEO drive customer acquisition and mining of existing clients, while the COO can focus on execution.
HCL announced full-year revenue of $6.2 billion, a growth of 11.6 per cent at constant currency rates. Industry body Nasscom had estimated the industry would expand 12-14 per cent in FY16 and later arrived at a growth figure of 12.3 per cent. Some concerns have been expressed about HCL’s ability to retain clients, which the company has denied
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