New Delhi, Jan 23: Software exporter HCL
Technologies on Friday said if any of Satyam businesses
strategically fits into its operations, it will evaluate the
opportunity.
"...We will evaluate the opportunity only if it is a
strategic fit," HCL Technologies Chairman and CEO Vineet Nayar
told reporters on the sidelines of a conference after
announcing the second quarter results.
He, however, clarified that "now is not the time."
Speculations were rife that HCL may be interested to buy
some businesses of rival Satyam Computer, which plunged into
crisis after its founder Ramalinga Raju admitted to a Rs
7,800-crore accounting fraud.
Nayar added that "it`s up to the the board of Satyam to
decide its next course of action."
About talking to the clients of Satyam, Nayar said "this
is a market place and everybody is talking to everbody."
Earlier, top IT companies including Infosys and Wipro had
made it clear that they will not approach Satyam clients
proactively.
Nayar also added that the Satyam employees were welcome in
his company.
"We respect them. They have been a part of professional
team..." he added.
The software exporter today announced a 49 per cent
growth in net profit at Rs 398.01 crore for the second quarter
ended December 2008, from the same period a year ago.
The company had a net profit of Rs 266.95 crore in the Q2
of last fiscal.
Besides, the board has declared an interim dividend of 100
per cent at the rate of Rs 2 per share.
Bureau Report
