San Francisco, Sep 21 (IANS) With an aim to boost digital transformation, HCL Technologies will increase investment on SMAC (Social, Mobility, Analytics, Cloud) -- especially Cloud -- in next couple of years, a top company executive has said.
"Currently, 60 per cent of our IT budget is focused on SMAC. It will go up to 80-90 per cent of total IT spend by 2019-20," Manoj Kumbhat, CIO of HCL Technologies, told IANS on Tuesday on the sidelines of the ongoing Oracle OpenWorld (OOW) 2016 conference here.
"As we aim to become a $10 billion company by 2020, total IT investment on SMAC will go up significantly and Cloud gives tremendous flexibility for scaling up," Kumbhat said.
Moving towards digital transformation, he said the company will shut down four of its six data centres in India in next three-four years.
"We are not investing in data centres anymore. Currently, we have six data centres in the country. By 2019-20, we will keep only two data centres as we move towards Cloud services," Kumbhat noted.
HCL Technologies' 95 per cent business comes from India, with North America and Europe being the largest markets.
The global IT services major last month reported a consolidated net profit of Rs 2,047 crore for first (April-June) quarter of fiscal 2016-17 -- registering 14.8 per cent year-on-year (YoY) growth.
(Meghna Mittal is in San Francisco at the invitation of Oracle Corp. She can be reached at meghna.m@ians.in)
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