HCL Technologies Limited CC-Apr26.pdf · 2026-04-21
Hi, thanks for taking my question. CVK, you talked about 3% to 5% deflation, but that's kind of what we see anyway, even before AI. In renewal deals, we were seeing 10% to 15% cut in pricing over the life of the deal, which would translate to more or less 3% to 5%. So, it doesn't look like with AI there is anything significantly different. Would that be right?
I agree. Then should we think about this then being low to mid-single digits being equivalent to high single digits given the demand or the lack of growth in the last three years and now this is the fourth year of poor demand? I mean, can we say that some of this is also due to AI, the deflation impact?