HCL gears up for Gen 2.0 outsourcing
It ties up with CSC to offer application modernisation services, reports AMIT ROY CHOUDHURY
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[NEW DELHI]
HCL Technologies, India's fourth biggest IT services company with a run rate of US$5 billion in annual revenues, is looking to differentiate itself from its peers by transforming itself into a Gen 2.0 outsourcing services provider. One of HCL's marquee customers is the Singapore Exchange (SGX), with which it signed a major outsourcing deal worth S$110 million in 2010.
Speaking to BizIT on the sidelines of HCL's second- quarter results announcement last week, president and CEO Anant Gupta said the company has taken a conscious decision to reduce its presence in the traditional BPO (business process outsourcing) business which Indian companies have become famous for.
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