Breaking News

HCL says Covid impact not 'significant'; bookings on track

New Delhi: Country's third biggest device services and products firm HCL Technologies has mentioned that it does now not expect the have an effect on of the CoronaVirus pandemic to be "significant" even because the have an effect on in this quarter’s numbers is but to be quantified, the Noida-headquartered firm mentioned in a statement on Monday.

"Our exposure to the more impacted verticals are not significant. Booking during this quarter has largely been on track as significant part of closures happened in January," it mentioned.

From a vertical viewpoint, HCL's publicity to verticals which have seen a major disruption because of the CorovaVirus like Oil & Gas, Travel & Hospitality, High-End Retail is in single digits. HCL mentioned that its trade style is a wholesome mix of habitual product revenues, managed services and products and discretionary spend led professional services and products.

"Around 76% of our India-based employees and 92% of our employees in other geographies are enabled to work from home. In certain geographies, a limited set of its employees are working from offices, wherever it is permissible by the government and local authorities. The company said that it has not witnessed any outages or major disruption in operations with this newer format of work from home delivery."

"We recognize our investments in risk management systems and processes over the last several years are helping us to minimize the short-term impact and to be adequately prepared for the medium term, if it gets worse. We are also confident our business model will help us to emerge stronger in the longer term as it has been built for resilience during tough times," mentioned HCL.

Earlier this month, HCL had showed that considered one of its employee in its Noida campus had examined positive for the virus and the corporate had right away installed position measures to include the placement.

No comments