Page 22 - Hcl Technologies

The whole digital transformation opportunity is big, growing: HCL Tech CEO

Having forecast a revenue growth of 14-16% in the current financial year, HCL Technologies' commentary was far more encouraging than its peers as it announced its fourth quarter results

HCL Technologies inks $1.3-bn managed services agreement with Xerox

Indian IT company HCL Technologies announced Tuesday that it has signed a managed services agreement with Xerox worth USD 1.3 billion over multiple years. "This seven-year agreement for an incremental USD 1.3 billion continues to build on the success of the Xerox-HCL relationship, which began in 2009 with product engineering and support services," HCL Tech said in a statement. HCL Tech will manage portions of Xerox's shared services, including global administrative and support functions, including selected information technology and finance functions (excluding accounting), it added. The IT firm currently manages aspects of Xerox's mechanical, electrical and software engineering activities for printer and imaging product lines. Together, the two companies have delivered 215 US patents and have created research and development (R&D) labs that are tightly integrated with Xerox infrastructure and standards. "Xerox will benefit from our global scale, best-in-class processes and ...

IT hiring: HCL Technologies to increase Lucknow headcount by 50%

Company has already invested Rs 500 crore in Lucknow

HCL Technologies gains 5% on better-than-expected Q3 earnings

HCL Technologies was up for the sixth straight day, gaining 8 per cent, against 2 per cent decline in the S&P BSE Sensex.

We have seen highest bookings in 5 quarters: HCL Tech CEO C Vijayakumar

There is an uptake in spend in financial services and the technology and services segment

HCL Tech shows better-than-expected Q3 results, net up 19% to Rs 2,611 cr

HCL is expected to overtake the third-largest IT services firm Wipro in revenue terms in FY19

Post HCL-IBM deal: Domestic IT sector likely to see more IP buyouts

HCL announced this month that it would acquire select IPs from IBM, making it the largest acquisition in the domestic IT services space

HCL Technologies taking more risks over product play, say experts

Say it needs long-term commitment of resources to develop successful products from acquired IPs of IBM

HCL acquiring intellectual properties from IBM a risky bet, say experts

Industry experts are of the view that the company has taken a risky bet by investing in those IPs

HCL Technologies: Street is concerned about scaling up of inorganic biz

The Street is concerned about execution and management bandwidth to drive the product business, incremental investments required to expand the business, and the sales potential

HCL Tech to buy some IBM software assets for $1.8 bn; experts question deal

HCL said the acquisition will give it scale in areas such as retail, financial services and transportation

HCL Tech to acquire select IBM software products for $1.8 bn; stock down 7%

The stock dipped 7% to Rs 943 on BSE on Friday after the company said it will acquire select IBM software products for $1.8 billion (approximately Rs 127 billion) in an all-cash deal.

HCL Tech expands relationship with Barclays, to take over Lithuania centre

HCL will leverage its investments in AI and automation to transform the user experience for over 80,000 Barclays employees spread across 26 countries

Will continue to invest, strengthen operations in Nordics: HCL Technologies

Europe accounted for 26.8 per cent of HCL Technologies' revenues for the quarter ended September 2018

HCL Technologies aims to overtake Infosys in revenue over the next 5 years

HCL's revenue had surpassed Wipro, the third largest in IT, for the first quarter of this financial year

HCL Tech to invest Rs 7.5 bn in Andhra Pradesh, create 7,500 jobs in 10 yrs

IT services major HCL Technologies will invest Rs 750 crore to set up two facilities in Andhra Pradesh that will help create 7,500 jobs in 10 years. According to an official statement, HCL is setting up its operations in Andhra Pradesh in two phases. In the first phase, the Noida-based company will invest Rs 400 crore to build a R&D centre in Kesarapalli village in Gannavaram. The facility is expected to accommodate more than 4,000 IT professionals, it said. The phase-I will commence with the foundation stone laying ceremony on October 8 and is expected to be completed in seven years' time, employing more than 4,000 IT professionals, the statement added. The phase II will be taken up later in Amaravati, the new capital of Andhra Pradesh in a campus of 20 acres. The investment for this phase is expected to be Rs 350 crore and will include about 3,500 IT professionals in five years' time.

HCL Technologies eyes financial services and retail to boost income

HCL is strengthening its core areas such as infrastructure management and engineering services

HCL Technologies hits record high; stock up 24% in three months

HCL Technologies hit a record high of Rs 1,125, up 2.6% in intra-day trade, surpassing its previous high of Rs 1,107 recorded on April 23, 2018, on the BSE.

HCL Technologies' Rs 40-bn buyback offer to commence on September 18

In July, HCL Technologies had announced the buyback programme for FY19 at Rs 1,100 per share

HCL Technologies shareholders approve Rs 40-bn share buyback offer

The buyback is part of the company's strategy to return more than 50% of the company's net income to the shareholders