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HCL Technologies registers 12.3% growth in net profit in Q4

The company shrugged off visa-related concerns and said that they had identified it as a risk seven or eight years ago.

Software major HCL Technologies Limited on Thursday reported a net profit of Rs 2,325 crore in the fourth quarter that ended in March. This is around 12.3% growth from its third quarter earnings. The company’s revenue stood at Rs 12,053 crore, about 2% more than its earnings in the fourth quarter last year, and an increase of around 12.7% on a year-on-year basis, reported Mint.

The Noida-based firm attributed the growth to a bigger client base and its foray into sectors like digital technology, cloud, cyber security and the internet of things, or connecting devices to the internet. Revenue from these sectors stood at 18.6% in this financial year, marginally higher than the 15.9% last year. Overall, these sectors saw a 30.9% growth between March 2016 and March 2017.

Chief Financial Officer Anil Chanana said they were satisfied with the company’s performance. “We are glad about the overall Fiscal 2017 and the quarter performance,” he told Mint. “Our cash flow generation during the year continues to be robust with Net Income to Operating Cash Flow conversion at 112%... Return on equity continues to be healthy at 27% for the year.”

For the next financial year, the company has set a target of achieving 10.5%-12.5% overall growth. “It is based on the order book and the pipeline and what we expect and as we have indicated in capital allocation policy and how we want to spend the money,” Chief Executive Officer C Vijayakumar told CNBC-TV18.

The company also shrugged off visa-related concerns. “We were very early in taking these calls for making our business model very resilient to any geographic and immigration challenges,” Vijayakumar told NDTV. He added that they had identified the risk long time ago. “Actually I am really surprised that some of the players are talking about adding people in the US now. It is something which we recognised seven-eight years back.” Their statement comes soon after the United States has clamped down on its visa policies, making it much tougher for Indian workers to move to the country. H-1B visas were commonly used by Indian IT companies. After the US’ move, companies like Infosys and Cognizant have increased hiring over there.

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Following a mountaineer as he reaches the summit of Mount Everest

Accounts from Vikas Dimri’s second attempt reveal the immense fortitude and strength needed to summit the Everest.

Vikas Dimri made a huge attempt last year to climb the Mount Everest. Fate had other plans. Thwarted by unfavourable weather at the last minute, he came so close and yet not close enough to say he was at the top. But that did not deter him. Vikas is back on the Everest trail now, and this time he’s sharing his experiences at every leg of the journey.

The Everest journey began from the Lukla airport, known for its dicey landing conditions. It reminded him of the failed expedition, but he still moved on to Namche Bazaar - the staging point for Everest expeditions - with a positive mind. Vikas let the wisdom of the mountains guide him as he battled doubt and memories of the previous expedition. In his words, the Everest taught him that, “To conquer our personal Everest, we need to drop all our unnecessary baggage, be it physical or mental or even emotional”.

Vikas used a ‘descent for ascent’ approach to acclimatise. In this approach, mountaineers gain altitude during the day, but descend to catch some sleep. Acclimatising to such high altitudes is crucial as the lack of adequate oxygen can cause dizziness, nausea, headache and even muscle death. As Vikas prepared to scale the riskiest part of the climb - the unstable and continuously melting Khumbhu ice fall - he pondered over his journey so far.

His brother’s diagnosis of a heart condition in his youth was a wakeup call for the rather sedentary Vikas, and that is when he started focusing on his health more. For the first time in his life, he began to appreciate the power of nutrition and experimented with different diets and supplements for their health benefits. His quest for better health also motivated him to take up hiking, marathon running, squash and, eventually, a summit of the Everest.

Back in the Himalayas, after a string of sleepless nights, Vikas and his team ascended to Camp 2 (6,500m) as planned, and then descended to Base Camp for the basic luxuries - hot shower, hot lunch and essential supplements. Back up at Camp 2, the weather played spoiler again as a jet stream - a fast-flowing, narrow air current - moved right over the mountain. Wisdom from the mountains helped Vikas maintain perspective as they were required to descend 15km to Pheriche Valley. He accepted that “strength lies not merely in chasing the big dream, but also in...accepting that things could go wrong.”

At Camp 4 (8,000m), famously known as the death zone, Vikas caught a clear glimpse of the summit – his dream standing rather tall in front of him.

It was the 18th of May 2018 and Vikas finally reached the top. The top of his Everest…the top of Mount Everest!

Watch the video below to see actual moments from Vikas’ climb.

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Vikas credits his strength to dedication, exercise and a healthy diet. He credits dietary supplements for helping him sustain himself in the inhuman conditions on Mount Everest. On heights like these where the oxygen supply drops to 1/3rd the levels on the ground, the body requires 3 times the regular blood volume to pump the requisite amount of oxygen. He, thus, doesn’t embark on an expedition without double checking his supplements and uses Livogen as an aid to maintain adequate amounts of iron in his blood.

Livogen is proud to have supported Vikas Dimri on his ambitious quest and salutes his spirit. To read more about the benefits of iron, see here. To read Vikas Dimri’s account of his expedition, click here.

This article was produced by the Scroll marketing team on behalf of Livogen and not by the Scroll editorial team.