Page 7 - Hcl Technologies

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

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

Sensex, Nifty end flat after listless day; ITC, TCS up 2%; realty stks dip

CLOSING BELL: The broader indices ended marginally in red, with Midcap index declining 0.4 per cent, and the Smallcap index down 0.3 per cent.

HCL Technologies gains 3% post March quarter results

HCL Tech's guidance of 18-19 per cent EBIT margin in FY24, despite prevailing uncertainties and larger share of cost take out deals in pipeline, suggests good cost control measures.

HCLTech reports 11% jump in Q4 net profit, pegs guidance at 6-8%

Adds 4,480 freshers in March qtr to outstrip peers, announces dividend of Rs 18/share

HCLTech Q4 results: Profit jumps 11% to Rs 3,983 crore; revenue up 18%

The company added 4,480 new employees in the quarter, while the net addition was at 3,674

Sensex, Nifty snap 3-day losing streak, end marginally up; Infy, HUL slip

CLOSING BELL: The S&P BSE Sensex was up 65 points, while the Nifty 50 added six points. Tata Motors, NTPC, Asian Paints, SBI and Bharti Airtel were the prominent gainers.

Stocks to Watch: Tata Motors, HCL Tech, Ultratech, NBCC, Mastek, Tata Comm

Stocks to Watch today: Jaguar Land Rover, the luxury automotive subsidiary of Tata Motors, said it will invest £15 billion (Rs 1.53 lakh crore) over the next five years for an electric-first future

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

HCL Tech Q4 results to be announced tomorrow: Key things to look out for

In Q3FY23, HCT Tech reported a consolidated net profit of Rs 4,096 crore, 19 per cent higher than the same quarter in FY22

HCL Technologies digital business services head Anand Birje quits

IT company HCL Technologies' digital business service head Anand Birje has resigned, the firm said on Thursday. Birje was based out of San Francisco. He has been with HCL Technologies for the last 20 years. "Anand Birje, head of Digital Business Services has decided to leave HCL Technologies Ltd to pursue another opportunity. Anand joined HCL Tech in 2003 in Infrastructure Services sales, moved on to lead the D&A practice in 2017 and later became the head of Digital Business Services in 2021," the company said in a regulatory filing. There have been several churns of high-level officials in Indian technology companies, including the exits of Infosys president Mohit Joshi and Tata Consultancy Services CEO Rajesh Gopinathan. HCL Tech said it continues to have a stable senior talent pipeline and would announce the new leadership shortly. "Anand will continue to serve till May 5, 2023. We deeply appreciate his contributions to the company," HCL Tech said.

How does outgoing TCS CEO Gopinathan's salary compare to other IT execs?

TCS CEO Gopinathan resigned on March 16 and will be replaced by company veteran K Krithivasan

HCL Tech to double semiconductor biz in 4 yrs, needs 2 yrs to build fab

IT company HCL Technologies expects to double semiconductor services business in 3-4 years following capabilities that it will develop around electronic chip plants to be set by its group firm, a senior company official said here. HCL Group is among the companies that have applied to set up electronic chip plants under the "Scheme for Compound Semiconductors" and HCL Technologies will assist HCL Corporate in end-to-end processing of chips. "One of the focus sectors for HCL Technologies, especially in engineering services is semi chip. Our plan is to double our business. There is an internal plan to do it in a period of three to four years. I say only three to four because it is ongoing and we see demand enough to do that," HCL Technologies executive vice president and BU head Ameer Saithu told PTI. He said that HCL Group's semiconductor wafer fab can be built in about 18-24 months time from the date the government approves its application. "We are ready with funds. Just to be clear

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

Indian business families that are shifting control to their next generation

From Ambani to Birla, more and more business families in India are showing trust in their scions

F&O Call: Nandish Shah suggests Bull Spread strategy on HCL Tech

The derivatives analyst from HDFC Securities suggests to BUY 1,150 Call for February 23 expiry of HCL Technologies, and simultaneously SELL 1,200 Call of the same series

HCL Tech Q3: Weak macros, narrow FY23 guidance limit upside, warn analysts

In Friday's trade, the stock gained marginally to close at Rs 1,077 per share, as against 0.5 per cent rise in the S&P BSE Sensex

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