HCL Technologies came out with its first quarter numbers on Wednesday. The company reported a mixed performance, but maintained its growth guidance for FY20.

CNBC-TV18 spoke with HCL top brass to get their views on the first quarter earnings.

Prateek Aggarwal, CFO of HCL Tech, said, "Overall, we still believe we will be in the guided range. Our organic growth momentum has picked up. In fact, we really aspire to have the best organic growth in the industry."

On FY20 guidance, he said, "We expected organic growth to be 7-9 percent and we continue to maintain the overall growth guidance of 14 to 16 percent. IBM deal was to close by June 1 which has now closed on July 1, so there is a shortfall in revenue from an inorganic perspective. We believe we will make up for this through organic growth."

On guidance, he said the company is cautiously optimistic. "We are a little cautious because of the trade wars. We really do not know what is in store from broader economy and client spending in the second half of the year," he observed.

First Published:Aug 7, 2019 8:31 PM IST