The set record of HCL going for a deal of $550 million over de last year, evn after two of their clients freezed their Budget.
HCL Technologies Chief Executive Officer Vineet Nayar said in New Delhi “The interesting aspect is that of the 11 deals signed in the last quarter worth $540 million, six deals are fromthe US,”"In the new deals that we have signed, pricing is the same or better than what we have done earlier,” Nayar said. He also added that “We feel that offshoring will grow as a result of slowdown in US since the only way to reduce cost is to automate.
We would also experience medium and large banks movement towards outsourcing,”
The Company met a loss of Rs.61,5 million but hedged upto Rs.2.5 million dollars