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Organic and inorganic growth has made it the largest enterprise software player in the country
Technology major HCLTech, is expanding its global delivery footprint here with the launch of a new tech center that is expected to provide 5,000 additional jobs, officials said. The announcement came after the meeting of Chief Minister A Revanth Reddy and IT Minister D Sridhar Babu with the global CEO and Managing Director of HCLTech, C Vijayakumar, on the inaugural day of the World Economic Forum Annual Meeting here in Davos on Tuesday. The new center in an area of 3,20,000 sqft will be providing cutting-edge cloud, AI and digital transformation solutions to global clients across industries such as hi-tech, life sciences and financial services, an official press release said. "Hyderabad, with its world-class infrastructure and high-quality talent pool, has been a key location on HCLTech's global network. The new center will bring cutting edge capabilities to our global client base and contribute to the local technology ecosystem" Vijaykumar said. He invited the CM and IT Minister
Indian IT players are expected to benefit significantly from renewed demand, further strengthening India's position as a critical player in the industry
Located in the Hi-Tech City, the 320,000 sq ft facility will house 5,000 people and has received Gold Certification from the Indian Green Building Council
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
He highlighted shifting demand dynamics, uncertainty, and the evolving role of generative artificial intelligence (GenAI)
Stocks to watch January 14, 2025: HCL Tech Q3's consolidated net profit stood at Rs 4,590 crore, compared to Rs 4,235 crore QoQ. Revenue increased to Rs 29,890 crore from Rs 28,860 crore
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HCLTech, which is also set to release its third-quarter earnings on January 13, is projected to lead growth among Tier-I IT firms
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
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The Indian IT major is expected to register a single digit rise in its topline and bottomline compared to the September quarter of FY24
HCL Tech's market cap first time today touched Rs 5.02 trillion after stock hit a new high of Rs 1,852, gaining 2% on the BSE in Friday's intra-day trade.
An employee of HCLTech died after suffering a cardiac arrest in the firm's office in Nagpur city, with the IT major sharing that he was provided emergency care at the campus clinic before being rushed to the hospital. According to the police, Nitin Edwin Michael (40), who worked as a senior analyst, was found unresponsive after he entered the washroom of the office of HCL Technologies Ltd. in the city's Mihan area around 7 pm on Friday. His colleagues rushed him to the All India Institute of Medical Sciences (AIIMS) in Nagpur where doctors pronounced him dead upon arrival, said the official from Sonegaon police station on Sunday. Police sent the body for post-mortem and registered a case of accidental death. Initial autopsy findings indicated Michael died of cardiac arrest, the official said, adding that they are probing the circumstances surrounding his death. Michael is survived by his wife and a six-year-old son, according to police. Calling Michael's death an unfortunate inci
The company's management anticipates double-digit growth for the industry over the next five years, including for HCLTech.
Shares of HCL Tech zoomed 4.83 per cent at Rs 1635.85 per share on the BSE in Monday's early morning trade. This came after the IT services major reported a 20.4 per cent year on year increase profits
HCLTech maintained revenue guidance for FY25 at 3-5%