Page 4 - Hcl Tech

Sensex drops 224 pts in fag-end, Nifty below 19,400; Delta Corp sinks 23%

CLOSING BELL ON JULY 12, 2023: Shares of online gaming firms wilted under selling pressure on Wednesday owing to the 28% GST levy. Meanwhile, HDFC signed-off its from the bourses with a 0.6% loss.

HCL Tech revenue, profit may rise 15% YoY in Q1FY24; ER&D segment to be hit

HCL Tech Q1FY24 result: On a QoQ basis, its Q1 revenue may grow 1 per cent while net profit could drop 4 per cent

Accenture's lowered guidance spells more trouble for IT sector: Analysts

Brokerages have maintained a cautious to negative stance on the Indian IT sector given Accenture's muted deal bookings, lagging demand in key verticals, and emerging pricing pressure

Top 4 IT companies see 40% drop in large client additions in FY23

Infosys is the only IT firm whose net client addition remained flat at 23 in FY23. All the other firms added fewer clients

Q4 results: India's IT services biggies fail to meet expectations

Wipro net dips 0.4% in Q4, guides for revenue contraction in current quarter

HCL bucks the trend; says it intends to hire as others continue to fire

The firing spree was not limited to back-office jobs and affected big tech companies, including Amazon, Meta, Microsoft, and Google parent Alphabet, among others

Tech M sheds 9% in 5 days on JP Morgan, Citi downgrades, target price cuts

Tech Mahindra's stock fell 2.6 per to its day's low of Rs 994.55 on Friday after JP Morgan downgraded the stock to 'underweight' from 'neutral', slashing its target price by 10 per cent to Rs 900

Stocks to Watch: HCLTech, Cyient, Siemens, RIL, Suven Pharma, Voda Idea

Stocks to Watch today: HCLTech reported better-than-expected results for Q4FY23. The company posted a net profit of Rs 3,983 crore for the quarter, down 2.8% QoQ and up 11% YoY

HCL Tech Q4 preview: Weak software segment to drag profit by 4-9% QoQ

HCL Tech Q4FY23 preview: The firm's Ebit margin is likely to decline on a QoQ basis to 18.1-18.6 per cent. This stood at 19.6 per cent in Q3FY23

Stocks to Watch: Bajaj Finance, RIL, ONGC, HDFC Bank, IndusInd, HCL Tech

Stocks to Watch: ONGC, Oil India, Reliance will be in focus as the Centre has slashed windfall tax on domestically produced crude oil to nil from Rs 3,500 a tonne, effective from April 4

How to approach IT stocks amid tighter monetary policy, recession fears?

According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra

Cloud computing, virtual networks, fibre rollout to check call drops: HCL

Cloud computing-based telecom network with virtualization of its various elements and rollout of optical fibre network closer to the homes will be able to help solve call drop problem in India, a senior HCL Technologies officer said here. While speaking with PTI at the Mobile World Congress, HCL Tech Chief Technology Officer Kalyan Kumar said that post-pandemic, demand for data has jumped significantly high and telecom operators are gradually moving towards cloud computing systems to manage capacity in the network. "Fiber infrastructure going pretty much as close to the home, cloudification of the telco and virtualization of the network. These are the three things that will solve the call drop problem. We cannot solve the problem by just addressing one point," he said. Taking a serious note of call drop-related complaints and service quality issues, the Telecom Regulatory Authority of India last week directed telecom service providers to submit service quality reports for each State

MSCI cuts HCL Tech's weightage; stock trades as top loser on Sensex, Nifty

Shares of HCL Technologies slipped 3.3 per cent to Rs 1,108.55 on the BSE in Friday's intra-day trade on profit booking

HCL, IIT-Dhanbad collaborate for petroleum engineering, earth science

IT services company HCL Technologies has signed a pact with the Indian Institute of Technology, Dhanbad, to collaborate in the field of petroleum engineering and earth science, according to a statement. HCL Technologies and IIT (Indian School of Mines), Dhanbad (Jharkhand), will also develop a knowledge management system using technologies, it added. As part of the agreement, HCL Tech will offer projects and internship opportunities to students and research scholars of IIT (ISM) to develop digital solutions in the fields of exploration, drilling and production of hydrocarbons to reduce carbon footprint. "Both HCL Tech and IIT (ISM) will also undertake sustainability initiatives and programmes, including discussions, podcasts and joint presentations at international forums on transformative initiatives in the oil and gas sector," according to a statement. The memorandum of understanding will help HCL Tech strengthen its collaboration with the IIT (ISM), Dhanbad, while HCLTech custom

Tech spend to increase, we'll hire 30K in FY24: HCLTech CEO C Vijayakumar

IT major HCLTech reported strong growth in net profit and operating margins in Q3FY23

Sensex ends 303 pts higher fueled by Infosys, ICICI Bank; Nifty near 17950

CLOSING BELL: Within sectors, barring consumer durables, PSB and Metal indices on the Nifty logged in most gains, up over 1 per cent each, followed by IT and financial pockets

HCL Tech reports revenue growth of 19.6%; announces Rs 10 dividend

HCL Q3 results: The company added 2,945 new employees during the quarter, and the closing headcount was 222,270. The attrition rate in Q3FY23 stood at 21.7%

Accenture's retained FY23 guidance hints slowdown for IT firms: Analysts

For FY23, Accenture has maintained its 8-11 per cent growth guidance. This is reportedly the first time since FY17 that the company has not upgraded its full-year guidance after the first quarter

Mondelez Intl expands multi-year cybersecurity contract with HCLTech

HCL will also use its automation and AI capabilities to help Mondelez provide on-demand personalised user experience and accelerated issue resolution to 110,000 employees in 79 countries

IT stocks tumble as Credit Suisse warns of valuation-led correction

Indian IT valuations, the brokerage and research house argues, are at large premium to history despite material correction from the top