HCL Technologies Ltd News

Nifty IT index slips 3%; Infosys, LTIMindtree slip up to 6% post Q3 results

According to Motilal Oswal Financial Services, Infosys and LTIMindtree, both companies with a high discretionary tilt, have provided a more cautious view on discretionary-spend recovery

Nifty options hint max pain at 23,450; Adani Energy, UBL see short-covering

Meanwhile, NSE F&O data shows that FIIs were net sellers in Nifty futures for the sixth straight trading session on Tuesday, with net sales of 70,318 contracts in this period.

Jefferies, CLSA, Morgan Stanley retain 'Hold' on HCLTech despite Q3 miss

HCLTech declared a dividend of Rs 18 per share, including a special Rs 6 per share dividend to commemorate 25 years since its public listing, marking its 88th consecutive quarter of dividend payouts

Noteworthy changes looming in biz landscape: HCLTech's C Vijayakumar

He highlighted shifting demand dynamics, uncertainty, and the evolving role of generative artificial intelligence (GenAI)

HCLTech Q3 net profit up 5.5%, lower end of revenue forecast raised

The company's revenue from operations for the quarter under review came in at Rs 29,890 crore, 5.07 per cent higher than Rs 28,446 crore in Q3 FY24

HCLTech not dependent on H1B, new US regime will hardly impact biz: Exec

The new regime in the US is unlikely to affect the business of Indian IT company HCLTech as it is very less dependent on H1B visas, a senior company executive said. "About 80 per cent of our people in the US are all locals, so our dependence on the H1B is one of the least in the industry. And it is not just now if I look back over the last 4 odd years, we have been pretty locally self-sufficient. "And that reflects in the number of H1Bs that we go through every year. It ranges between 500-1,000 in a year max...so it is minimal dependence," said Ramachandran Sundararajan, Chief People Officer, HCLTech. HCLTech on Monday reported a 5.54 per cent rise in consolidated net profit to Rs 4,591 crore for the December quarter. The H1B visa programme allows US companies to temporarily employ foreign workers in speciality occupations. Indian companies have been significant beneficiaries of this programme, particularly in the technology sector. Donald Trump's return to the presidency is expec

Q3 FY25 results Jan 13: HCL Tech, Delta among 14 to report earnings today

Q3 FY25 results January 13: HCL Tech, Delta Corp, Angel One, Anand Rathi among firms to report earnings for the quarter that ended on D

Nifty IT gains over 2%; TCS rallies 5% on strong order book, robust outlook

IT-bellwether TCS's headline revenue numbers remained flat, but the deal-win total contract value (TCV) was encouraging, signaling potential momentum pick-up ahead

TCS, Infy, HCL Tech: How to trade IT stocks ahead of Q3 results? Key levels

The Nifty IT index outperformed the Nifty 50 and the broader index in the second-half of 2024 with a gain of nearly 20%. Key levels to track on IT shares ahead of Q3 results.

Nifty IT index slips over 2%; Infosys, LTIMindtree, LTTS down up to 5%

For the Indian IT services sector, which derives over 60 per cent of its revenues from the US, the Fed's cautious stance has mixed implications

Nifty IT index hits record high on December 10: Here's what drove the rally

By 11:11 AM, the Nifty IT index had come off its peak but was still trading 0.82 per cent higher at 45,199.40. In comparison, the broader Nifty50 index was up a modest 0.11 per cent at 24,646.30

Mkt regulator Sebi nod to Roshni Nadar to acquire majority stake in HCLTech

Grants exemption from open offer for acquiring stake from father Shiv Nadar

Nifty IT index down 2% on profit booking; TCS, Infosys, Wipro slip up to 3%

At 02:31 pm; Nifty IT index, the top loser among sectoral indices, was down 2.3 per cent, as compared to 0.43 per cent decline in the Nifty 50.

In addition to services, we should become product nation: HCL co-founder

Ajai Chowdhry tells that India's strength is in design but it is used by global companies to develop their products in India, which needs to change

IT shares buck trend; Wipro, Infy, TechM gain 2%; Coforge hits new high

At 12:23 pm; the Nifty IT index was the top gainer among sectoral indices, up 1 per cent, as compared to 0.31 per cent decline in the Nifty 50.

Nifty IT index surges nearly 3%; Coforge, Persistent zoom 12% on strong Q2

Analysts anticipate growth momentum to return in FY25 for IT sector, aided by a lower base coupled with easing sectoral headwinds.

We want to embed our AI Force platform across our customers: HCLTech CEO

He talks about the growth triggers, spend mindset and GenAI deal growth

Brokerages bullish on HCL Tech post Q2FY25 outperformance, raise EPS target

Shares of HCL Tech hit their lifetime high at Rs 1,882, rising by 1.40 per cent on the BSE in Tuesday's intraday deals after the company delivered solid performance in its quarter two results

HCLTech Q2 results: Net profit rises 10.5% to Rs 4,235 cr, revenue up 8.2%

Revenue for the quarter at Rs 28,862 crore, up 8.2 per cent YoY and grew 2.9 per cent sequentially

HCL Tech Q2 Preview: Brokerages expect flat revenue, decline in TCV

The Indian IT major is expected to register a single digit rise in its topline and bottomline compared to the September quarter of FY24