HCL Tech advances after launching backhaul solution

HCL Technologies gained 2.61% to Rs 965.60 at 14:15 IST on BSE after the company announced a fully configurable, high-throughput backhaul modem running on Xilinx All Programmable Zynq UltraScale+ MPSoC devices.

The announcement was made during market hours today, 23 February 2018.

Meanwhile, the S&P BSE Sensex was up 299.16 points, or 0.88% to 34,118.66.

On the BSE, 98,017 shares were traded in the counter so far compared with average daily volumes of 1.43 lakh shares in the past one quarter. The stock had hit a high of Rs 967.95 and a low of Rs 944 so far during the day. The stock had hit a 52-week high of Rs 1,041.50 on 24 January 2018. The stock had hit a 52-week low of Rs 796.50 on 27 April 2017.

The solution targets 5G access and mobile backhaul markets and will enable telecom original equipment manufacturers (OEMs) to meet the stringent requirements of nextgeneration networks.

Integrated backhaul and access are among the key technologies needed to enable ambitious 5G demands. The increase in capacity of the 5G radio network needs to be supported by faster and wider bandwidth backhaul that incorporates Gigabit Ethernet, optical fiber, or microwave/mmWave wired and wireless point-to-point links.

Xilinx is the leading silicon provider for wireless infrastructure for digital radio front end, connectivity, baseband acceleration, fronthaul/backhaul modem and packet processing functions.

HCL Technologies' consolidated net income rose 0.3% to Rs 2194 crore on 3% increase in revenue to Rs 12808 crore in Q3 December 2017 over Q2 September 2017.

HCL Technologies (HCL) is a leading global IT services company.

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