Results for 1Q2021
Wow, HCL created the time machine and went into the future to tell us that everything is going to be okay (for them)?
Indian services outfit HCL says the worst of the COVID-19-induced economic downturn is behind it. And we should all wish that our worst is as bad as HCL’s because the company just posted strong results for Q1 2021. Revenue reached 2.35bn, just $8m lower than the same period in 2019 but up one percent in common currency. Gross …
India has over 1 million confirmed covid-19 cases and rising by over 30 thousand per day. Given the lack of medical facilities for much of its population, the true number is probably at least ten times that figure. The big impact on India (and companies in it like HCL) will be over the next few months. The death rate in India will be higher than in most of the world due to poor medical provision, overcrowding in the slums and widespread extreme poverty.
Biting the hand that feeds IT © 1998–2020