HCL Technologies CEO Quits, C Vijayakumar To Succeed
HCL Tech CEO Anant Gupta has quit his job to pursue personal interest C Vijayakumar is currently the Chief Operating Officer of HCL Tech Mr Vijayakumar had been elevated to the role of COO in July this year
IT services major HCL Technologies today said its Chief Executive Officer Anant Gupta has put in his papers, following which the company has elevated current Chief Operating Officer C Vijayakumar to the post.
"Anant Gupta has decided to leave the company to pursue personal interests outside of HCL," it said in a statement.
It added that the company was elevating C Vijayakumar as the President and CEO of the company with immediate effect.
"Vijay has been a transformational leader in the company leading from the front. His vision and flawless execution track record best positions him for taking our journey forward," HCL Technologies Chairman and Chief Strategy Officer Shiv Nadar said.
To increase momentum of the company's next generation services, Vijayakumar will further accelerate execution of Mode 1-2-3 strategy to grow the experience-based and business outcome-oriented next generation services, he added.
Vijayakumar will continue to be based in the US. He had been elevated to the role of COO in July this year, taking on additional responsibility, besides heading infrastructure services.
Meanwhile, HCL Technologies today reported better-than-estimated net profit for the July-September quarter, leading to a 4 per cent jump in its shares.
HCL Technologies, India's fourth largest IT services company, posted a net profit of Rs. 2,016 crore on sales of Rs. 11,519 crore. Analysts polled by NDTV Profit had estimated its net profit to come in at Rs. 1,969 crore on sales of Rs. 11,570 crore.
HCL Technologies had reported a net profit of Rs 2,055 crore on revenues of Rs 11,336 crore in the June quarter.
The highly-tracked dollar revenue of HCL Technologies grew 1.9 per cent sequentially to $1,722 million, meeting Street estimates.
Meanwhile, HCL Technologies has retained its FY17 constant currency revenue growth guidance at 12-14 per cent.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
