HCL Technologies Expects Deal Wins to Boost U.S. Sales
Author: Dhanya Ann Thoppil</br></br>BANGALORE -- India's HCL Technologies Ltd. expects the improving economic climate in the U.S. and recently won large orders to spur revenue growth in its largest outsourcing market in April-June, after a blip in sales growth from the region in the just-ended quarter.</br></br>"The overall economic environment in the U.S. is looking positive and that should be reflected accordingly [in the ongoing quarter's revenue]," HCL America Inc. President Shami Khorana said in a recent interview.</br></br>HCL Technologies is India's fourth-largest software exporter by sales and gets more than half its revenue from the U.S.</br></br>But even as the U.S. grapples with a bloated fiscal deficit and political discord on tackling the mounting debt, Mr. Khorana expects clients' technology spending to gather pace, taking cues from positive economic data such as the rising stock market and climbing pending home sales.