Jan 09, 2014, 05.43 PM IST
"I would say 2014 continues to look good. The renewal market continues to be buoyant, something we always have been saying. So I would say the market is buoyant," said Anant Gupta, CEO, HCL Technologies in an interview to CNBC-TV18.
Tags Anant Gupta, HCL Technologies, T spending outlook for 2014 , immigration issues, staffing business, managed services
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IT spends outlook for 2014 looks positive: HCL Technologies
"I would say 2014 continues to look good. The renewal market continues to be buoyant, something we always have been saying. So I would say the market is buoyant," said Anant Gupta, CEO, HCL Technologies in an interview to CNBC-TV18.
Like this story, share it with millions of investors on M3
IT spends outlook for 2014 looks positive: HCL Technologies
"I would say 2014 continues to look good. The renewal market continues to be buoyant, something we always have been saying. So I would say the market is buoyant," said Anant Gupta, CEO, HCL Technologies in an interview to CNBC-TV18.
I would say 2014 continues to look good. The renewal market continues to be buoyant, something we always have been saying. So I would say the market is buoyant.
Anant Gupta
Prez & CEO
HCL Technologies
"I would say 2014 continues to look good. The renewal market continues to be buoyant, something we always have been saying. So I would say the market is buoyant," said Anant Gupta, CEO, HCL Technologies in an interview to CNBC-TV18.
Also read: Bullish on India; disappointed by few tech startups: Adobe
When asked if he was worried about lobbying, immigration issues he said, "It is a valid concern for the industry and for the societies in which we do business but it really depends on your business model."
However, the impact on the business model will vary depending on what the real business mode is. For example if one is in a staffing business then one would be very worried but if one is has managed services kind of a delivery model then they need not be so worried, he said.
"For last 3-4 years, we have been a net employer in most of these markets. So I would say while the immigration issues are irritants they are not really a worry," said Gupta.
HCL Tech stock price
On January 09, 2014, HCL Technologies closed at Rs 1285.05, up Rs 35.90, or 2.87 percent. The 52-week high of the share was Rs 1292.00 and the 52-week low was Rs 637.00.
The company's trailing 12-month (TTM) EPS was at Rs 61.47 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 20.91. The latest book value of the company is Rs 146.43 per share. At current value, the price-to-book value of the company is 8.78.
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