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HDFC Securities Report
HCL Technologies Ltd.'s prowess in cloud infra business is a strong competitive advantage with enterprises accelerating cloud adoption and higher annuity streams supported by products and platforms upside.
The positive outlook is also predicated on:
Strong deal wins with total contract value up 35% QoQ, supported by 15 transformational wins (eight in life-science and healthcare vertical) and pipeline at an all-time high.
Strengthening partner ecosystem with hyperscalers increasing the addressability and client access.
Continued traction in P&P business with cross-sell opportunities (more than 12,000 unique customers signings), supported by upgrades/launches (Unica/DRYiCE in Q2).
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