Page 5 - Hcl Tech

HCL Tech's shares drop most since mid-Jan on downbeat revenue outlook

Shares of HCL Technologies Ltd fell nearly 7% on Friday, in their sharpest intraday drop since mid-January, after the IT services firm warned furloughs and spending cuts

HCL Tech management cautious on revenue growth in FY23; stock plunges 6%

At its investor meeting held in New York on December 8, the management said the revenue growth guidance for FY23 is likely to come in at the lower end of its 13.5-14.5 per cent

Sensex snaps 4-day losing run, gains 160 pts; PSU bank index leaps 4%

CLOSING BELL: Individually, Punjab and Sind Bank (PSB), Bank of India, Bank of Baroda, Central Bank of India, Indian Overseas Bank, and UCO Bank gained between 6 per cent and 15 per cent

Stocks to Watch: Auto, Voda Idea, Axis, IDBI Bank, Dabur, Spandana Sphoorty

Stocks to Watch Today: Markets to track Gujarat, Himachal Pradesh assembly results. Shares of rate sensitive sectors to be in focus as RBI policy signals likely further rate hikes.

HCLTech signs multi-year contract with Swiss MRO firm SR Technics

HCLTech's role is to digitally transform the Swiss company's business, will implement a new greenfield SAP S/4HANA environment hosted on Microsoft Azure using RISE with SAP

Equity MFs book gains in October winners amid Rs 6,300 cr net purchases

Coal India, HCL Tech and L&T were among the most-sold stocks by domestic funds in October even as they rallied between 10% and 16%

Stocks to watch: Infosys, Mindtree, HCL Tech, Wipro, Adani Ports, PVR, SBI

Stocks to watch today: Infosys, MindTree will report September quarter (Q2FY23) results on Thursday, October 13; HCL Tech saw 7 per cent YoY rise in consolidated net profit to Rs 3,489 crore in Q2FY23

Disapprove moonlighting, but issue not a big problem in company: HCL Tech

HCL Technologies on Wednesday weighed into the issue of moonlighting, that has created quite a stir in the industry, and said while it does not approve of dual employment, the issue is not a major one within the company. Put simply, moonlighting refers to employees taking up side gigs to work on more than one job at a time. "Dual employment while working for HCL Tech...we do not approve of that. Everybody who signs up to work for HCL Tech is signing up employment contract which requires exclusivity. The requirements around confidentiality, and non compete... all those provisions that are there we expect our employees to honour those commitments," Ramachandran Sundararajan, Chief People Officer of the company said during the Q2 earnings briefing. Fortunately, he said, moonlighting has not come up as a big problem within HCL Technologies. "We don't have that as big problem that we have too many people indulging in dual employment. It is not a big problem. We have had one or two stray

HCLTech restructures the top management with a new COO and CHRO

VV Apparao, who has worked as the company's Chief Human Resources Officer (CHRO) since 2017, will now take over as the chief delivery officer for nearshore.

Top headlines: India's CPI inflation rises to 7.4%; Wipro Q2 net falls 9%

Business Standard brings you top news of the evening

HCL Tech Q2 net rises 7% to Rs 3,489 cr, firm declares Rs 10 dividend

The company's revenue from operations rose 19.5% to Rs 24,686 crore in Q2FY23

Stocks to watch: HCL Tech, Wipro, Suzlon Energy, Indigo, Power Grid, REC

Stocks to watch today: HCL Technologies, Wipro will report September quarter results (Q2FY23) on Wednesday, October 12; Suzlon Energy bags 144.9 megawatt (MW) order from Aditya Birla Group

HCL Tech Q2 preview: Margins to improve QoQ; revenue may rise up to 20% YoY

HCL Tech Q2 results preview: Its net profit may rise by as much as 6 per cent YoY. The company's EBIT margins will likely improve by 20-60 basis points to 17.6%

Top headlines: HCLTech in Mexico, CNG price rise, oil purchase and more

From HCLTech announcing plans to hire more people over next 2 years to India's reiterating its choice of importing oil, here are the top headlines this evening

HCL Tech to hire 1,300 people in Mexico over next 2 yrs, to open 6th centre

IT company HCL Technologies plans to hire 1,300 people in Mexico over the next two years, according to a statement. The move is expected to strengthen its current employee base of 2,400 people in that country. HCL Tech outlined its expansion plans in Mexico at its 14-year anniversary celebration at Guadalajara, in Mexico and said "the company expects to hire 1,300 people in the next two years". The IT firm will also be opening its sixth technology center in Guadalajara. The new center will significantly expand its presence to serve its growing local and international client base across industries and will focus on creating next-generation digital solutions. "In line with the company's hybrid operating model, the center will embrace an agile workplace," the statement said. The company recently announced a digital transformation partnership with Cemex, a global construction materials company and an integrated IT Services partnership with Neoris, a leading global digital accelerator

HCLTech to boost presence in Mexico; to hire 1300 employees over next 2 yrs

The new centre in Guadalaraja will enable the company to serve its local and international client base across industries

Stocks to Watch: Titan, Dabur, Nykaa, HCL Tech, Mahindra Life, Quess Corp

Stocks to Watch Today: Shares of Titan are likely to be in focus after the company reported 18 per cent sales growth for the September quarter; Dabur may see a downtick owing to earnings warning.

HCL Tech to train up to 18k tech, consulting professionals on Google Cloud

IT company HCL Tech plans to train up to 18,000 technology and consulting professional on Google Cloud to scale up its ability to accelerate digital transformations globally with Google Cloud infrastructure, products and solutions, the company said on Thursday. HCL Tech has been a strategic partner of Google Cloud and formed the dedicated Google Cloud Ecosystem Unit in 2019 to accelerate enterprise cloud adoption at enterprises. The two companies are now expanding their partnership to significantly scale HCL Tech's capacity to support digital transformation and deliver critical migration, legacy system modernizations and professional services for enterprise customers. "HCLTech will train up to 18,000 technology and consulting professionals on Google Cloud, significantly increasing its ability to accelerate digital transformations globally with Google Cloud infrastructure, products and solutions," HCL said in a statement. The partnership will enable two new offerings to help enterpr

Are IT stocks a good contrarian bet from a one-year perspective?

Despite the ongoing selloff and the global macroeconomic stress, analysts say that the IT sector still remains a preferred bet from a long-term perspective

Infosys could announce a buyback along with its Q2FY23 results: Jefferies

However, they have not specified the quantum of the buyback the company could announce. Infosys is scheduled to announce its Q2-FY23 numbers on October 12