Page 6 - Hcl Technologies

HCL Tech gains 3% on maintaining margin outlook; analysts remain positive

Motilal Oswal Financial Services expects HCL Tech to emerge stronger on the back of healthy demand for IMS, Digital space and Cloud services in the medium term

IT stocks drag markets lower; Sensex ends 65 pts lower, Nifty falls 17 pts

Infosys, TCS, HCL Technologies and Tech Mahindra were the biggest drag on the market performance

HCLTech Q2 preview: ASAP deal to aid revenue growth; guidance revision eyed

HCL Tech Q2FY24 results preview: HCL Tech may post a 7 per cent yearly profit growth to Rs 3,739 crore, as per an average of six brokerage estimates, while revenue is pegged to rise 8.8 per cent YoY

Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts

Nirmal Bang analysts suggest investors use the gains to pare positions if overweight, especially in the tier-2 IT pack

HCLT, Infosys: Morgan Stanley ups target price of IT stocks by up to 29%

Among individual stocks, Morgan Stanley has maintained their overweight rating on HCLT, LTIMindtree and Infosys within the large-caps.

ANZ bank onboards HCLTech to drive digital workplace across 33 countries

Banking major ANZ has selected IT services company HCL Technologies (HCLTech) for a new engagement that entails digital workplace transformations across 33 countries. HCLTech will provide ANZ with digital workplace services and experience management across end user devices and applications, including laptops, mobile phones and tablets, according to a release. The release, however, did not divulge the size of the contract bagged by HCLTech. "HCLTech, a leading global technology company, and ANZ, one of Australia's four largest banks and the largest banking group in New Zealand and the Pacific, have expanded their relationship with a new engagement that will transform ANZ's digital employee experience across 33 countries," it said. HCLTech leverages new technologies including extended reality, GenAI (generative artificial intelligence) and IoT-powered workspaces to drive experiential, sustainable and inclusive workplaces for enterprises. "We're excited to continue our long-standing

FY25 revenue growth of a few large IT companies likely to touch 10%

Last week, Infosys entered into an agreement valued at $1.5 billion with a global company for 15 years to offer enhanced digital services through its artificial intelligence (AI) solutions

HCLTech wins multiyear cloud services deal from Germany's Siemens AG

Indian firm will also supply IT infrastructure services to Siemens AG

Stocks to Watch on Aug 29: RIL, Adani, Indiabulls Housing, SJVN, APL Apollo

Stocks to Watch today, August 29, 2023: An investigation of India's Adani group by the market regulator has uncovered violations of rules on disclosures by listed entities

HCLTech announces new digital transformation deal from Cricket Australia

IT services company enable Cricket Australia to deliver immersive digital services across the world

HCL Tech surges 4% on inking $2.1 billion deal with Verizon Communications

HCL Tech expects this deal to have a positive revenue impact over the next six years beginning in November 2023 with an estimated new total contract value of US$ 2.1 billion over the term.

Hope to have 70% staff back in office by FY24-end, says HCLTech CEO

HCL Technologies hopes to have almost 70 per cent of its staff walking into physical workspaces by end of the current fiscal, CEO C Vijayakumar said, while adding that the IT services company will continue to have a hybrid model that is optimised and tuned in to needs. For now, HCLTech is seeing a gradual increase in the number of people coming to offices, he said. It is pertinent to mention that the flexi work options were put in place by the IT industry at the onset of pandemic. With return to normalcy, many tech companies are scaling up efforts to get staff back in offices, at least for a set number of days in a week, and the past months have indeed seen workers trickle back in, and the office cubicles starting to get occupied more regularly. "We have a hybrid-first virtual operating model and it is based on need. We expect people to come to offices three days a week, and we've had modest success," Vijayakumar told PTI. He added: "We have, at least, half of our people coming to

Nifty IT index gains 6% in 2 days; Tech Mahindra, Coforge hit 52-week highs

Mphasis surged 4 per cent, while TCS, Infosys, HCL Technologies and L&T Technology Services gained in the range of 2 to 3 per cent

Q1 results impact: TCS up 2%, HCL Tech slips; Brokerages remain optimistic

TCS's management maintained that near term demand challenges remain and refrained from giving recovery timelines, implying a slow and gradual recovery ahead.

Stocks to Watch today, July 13: Delta Corp, HDFC Bank, Patanjali, SpiceJet

Stocks to watch on July 13, 2023: Shares of TCS and HCL Technologies will react to Q1 earnings on Thursday.

HCLTech Q1FY24 results: Net profit rises 7.6% YoY to Rs 3,534 crore

The board of directors declared an interim dividend of Rs 10 per equity share for FY24

Stocks to Watch today, July 12: TCS, HCLTech, Delta Corp, Nazara, Lupin

Stocks to watch on July 12, 2023: IT majors TCS and HCL Technologies will report Q1 earnings today, Wednesday.

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

Has the correlation between the Nifty IT index and the NASDAQ ended?

The gain in NASDAQ thus far in CY23 was largely fueled by Google, Apple, Amazon, Netflix and Meta Platforms - also known as the FAANG stocks.

Stocks to Watch today, May 16: RIL, Adani Ent, HDFC, Airtel, BoB, IOC

Stocks to Watch on Tuesday: Multiplex firm PVR Inox Ltd, on Monday, reported a widening in consolidated net loss at Rs 333 crore for Q4FY23