India’s tech services giant HCL is getting into the AI datacenter business
off prem
Starting small with $37m and maybe 50MW but reckons full-stack service plan can succeed
Indian tech services giant and retro software house HCL has decided to get into the AI datacenter business.
The company yesterday revealed its plan in an announcement [PDF] released alongside its Q1 results, which included news of three-percent year-over-year revenue growth to $3.65 billion and 20 percent growth in net income which reached $488 million.
CEO C. Vijayakumar also pointed to 62 percent year-over-year revenue growth for a segment HCL calls “Advanced AI” that encompasses building its own AI platforms.
The CEO said HCL’s strategy is to “Benefit disproportionately from the AI-native and AI-amplified opportunities” because they “together represent the fastest growing pool of enterprise spend.”
The company has therefore decided to get into the datacenter business and has found ₹3,500 crore ($36.5 million) to put toward facilities it says have “potential to scale...
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