Synopsis: HCL Technologies, led by CEO C Vijayakumar, plans to hire 10,000 freshers amid a challenging global landscape, with growth strategies focusing on areas like cloud migration and artificial intelligence (AI). Despite market uncertainties, the company's 5.4 per cent growth highlights its commitment to talent acquisition and expansion.
HCLTech's CEO and MD, C Vijayakumar, indicated that lateral hiring would be contingent upon the company's performance throughout the year, noting a recent addition of over 2,700 employees in the March quarter.
Despite challenges in the global environment such as weak client spending and geopolitical uncertainties, HCLTech demonstrated a 5.4 per cent growth, prompting plans to onboard 10,000 freshers.
Vijayakumar emphasized the importance of talent acquisition for executing growth strategies effectively and acknowledged that future hiring decisions would be influenced by market dynamics.
The company reported a year-on-year net profit of Rs 3,986 crore for the March quarter, although sequential net profit declined by 8.4 per cent.
Revenues for the fourth quarter of FY24 reached Rs 28,499 crore, marking a 7.11 per cent increase from the previous year, while full fiscal year net profit rose by 5.7 per cent to Rs 15,702 crore.
Vijayakumar highlighted the traction gained by projects like cloud migration and GenAI, expressing optimism about prospects in semiconductor and automotive sectors despite potential challenges in financial services.
He also mentioned the growing emphasis on artificial intelligence (AI), with plans to train 50,000 individuals in generative AI this year, leveraging a dedicated team of over 2,000 experts focused on AI development and numerous small-scale projects.
In conclusion, HCL Technologies, under the leadership of CEO and MD C Vijayakumar, has outlined plans for strategic hiring amidst a challenging global environment.
Despite uncertainties, the company's 5.4 per cent growth in the current scenario underscores its commitment to talent acquisition and expansion.
With intentions to onboard 10,000 freshers and a focus on projects like cloud migration and AI, HCLTech remains poised for further growth and innovation.
Vijayakumar's optimism about future prospects in sectors like semiconductor and automotive, coupled with efforts to bolster expertise in AI, reflects a forward-thinking approach aimed at navigating market dynamics and driving sustainable success.
