Lateral recruitment is the process of hiring an 'expert' for a job role that needs to be filled.
Vijayakumar said the company's customers are seeking cost reduction in projects for next one or two quarters and that the company is "very flexibe in providing short-term relief".
The IT services major on Thursday posted 24.3 per cent jump in March quarter consolidated net profit at ₹3,154 crore, and said there could be certain short-term challenges like clients deferring new projects and volume-based billing impact on account of Covid-19 pandemic.
Vijayakumar said the company is seeing both kind of impacts - "pockets of good demand in weak verticals" and "weak demand in strong verticals" given HCL Tech's mixed portfolio mix.
"... we do not see this pandemic influencing our multi-year engagements beyond the short term, our efforts of building strong relationship with our clients, most of them are fortune 500 or global 2000 brands, with very strong and sustainable business model gives us that confidence that in the long term they're intact but in the short term there could be some challenges," he explained.