HCL says Covid impact not ‘significant’; bookings on track

New Delhi: Country’s third largest software services firm HCL TechnologiesNSE 3.94 % has said that it does not expect the impact of the CoronaVirus pandemic to be “significant” even as the impact on this quarter’s numbers is yet to be quantified, the Noida-headquartered firm said 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 said.

From a vertical perspective, HCL’s exposure to verticals which have seen a major disruption due to the CorovaVirus like Oil & Gas, Travel & Hospitality, High-End Retail is in single digits. HCL said that its business model is a healthy mix of recurring product revenues, managed services and discretionary spend led professional services.