KUALA LUMPUR, April 2 -- HCL Technologies Ltd (HCL) has been monitoring the Covid-19 outbreak since late January, and invoked its Business Continuity Plan and Risk Management Framework to minimise the impact on its employees and clients.
HCL has had a well-defined and structured pandemic policy in place which is resilient, pragmatic and accords paramount importance to employee safety & health and client commitments.
The company is constantly reviewing the situation at hand with utmost priority and fully complying with all government advisories and recommendations.
Given the extended nature of this situation, HCL looks at ensuring putting in medium-term sustainable measures in place to ensure continuity of all operations and client deliverables.
According to the company in a statement, as of today, 76 per cent of its India-based employees and 92 per cent of employees in other geographies are enabled to work from home.
In certain geographies, a limited set of employees are working from office, wherever it is permissible by the government and local authorities.
While the impact on this quarter’s numbers is yet to be quantified, HCL does not expect it to be significant.
Its business model is a healthy mix of recurring product revenues, managed services and discretionary spend led professional services. From a vertical perspective, exposure to verticals like Oil & Gas, Travel & Hospitality, High-End Retail is in single digits.
-- BERNAMA
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