Hcltech

HCLTech launches Global Technology Center in GIFT City for AI-led solutions

The new facility in Gujarat's GIFT City will deliver AI-led solutions for financial services while supporting technology innovation and industry-academia collaboration

HCLTech to acquire Guardian India for $10.5 mn; 2k employees to transition

HCLTech on Thursday announced the acquisition of Guardian India Operations for USD 10.5 million (about Rs 101 crore), a deal that will see nearly 2,000 employees of the US-based firm transition to the tech giant under a seven-year partnership with Guardian Life Insurance. Under the agreement, HCLTech will acquire a 100 per cent stake in the entity, which serves as the technology and operations Global Capability Centre (GCC) for the American company. Guardian Life Insurance Company of America is a leading provider of insurance, retirement, wealth management and employee benefits solutions. "Nearly 2,000 employees (of Guardian India ) will integrate into HCLTech with the establishment of a dedicated Strategic Business Unit focused exclusively on supporting Guardian to drive technology innovation, engineering excellence, operational transformation and maturity across Guardian's products and services," HCLTech said in a regulatory filing. Karunakaran Azhisur, currently the Country Head

IT shares in focus: Nifty IT up 2% ahead of Wipro, Tech Mahindra Q1 results

Gains in IT index were led by large-cap IT stocks, with HCLTech, LTIMindtree and Persistent Systems among the key contributors

HCLTech Q1 profit up 20% at ₹4.6K cr, revenue rises 13.9% to ₹34,579 cr

HCL Technologies on Monday posted over 20 per cent year-on-year rise in its consolidated net profit for the June quarter of the current fiscal at Rs 4624 crore, and the IT major retained its revenue growth guidance at 1-4 per cent for FY27. The revenue from operations came in at 14 per cent higher at Rs 34,579 crore for Q1FY27, according to a BSE filing. Profit (attributable to owners of the company) stood at Rs 4,624 crore during the just ended quarter, up from Rs 3,843 crore in the corresponding period of the preceding financial year. "The Board of Directors has declared an interim dividend of Rs 12 per equity share of Rs 2 each of the company for the financial year 2026-27," the filing said. The record date for the payment of the interim dividend is July 17, 2026, and the payment date of the interim dividend is July 27, 2026, it added. Roshni Nadar Malhotra, Chairperson of HCLTech noted that AI is accelerating the transformation of global enterprises and unlocking new growth ..

AI disruption, Iran war risks weigh on Indian IT firms' earnings outlook

The sector is weighed down by macroeconomic uncertainty, exacerbated by the West Asia conflict, and the disruptive impact of AI adoption

Indian IT majors set for subdued Q1 as AI shift, weak demand weigh

Analysts expect weak constant-currency growth as AI-led pricing pressure, cautious client spending and geopolitical uncertainty weigh on demand despite currency gains

HCLTech wins $1.14 billion deal from Fortune Global 50 European client

IT services major HCLTech on Friday said it has secured a USD 1.14 billion deal from a Europe-headquartered Fortune Global 50 company to transform and manage its digital workplace and enterprise networks. HCLTech did not disclose the name of the firm. Under the partnership, HCLTech will establish an Artificial Intelligence (AI)-driven operating model for the client, according to a regulatory filing. The initial term of the agreement spans five-and-a-half years, from July 2026 to December 2031, with an option to extend the partnership for a further period of five years. "The estimated value of the agreement during the initial term is USD 1.14 billion. This is entirely a net new business for the company," HCLTech said.

AI, uncertain macros, volatile geopolitics may cloud IT earnings

Analysts expect another subdued quarter for IT services companies as macroeconomic uncertainty, delayed deal conversions and AI-led pricing pressures weigh on growth and margins

Why Sarvam's unicorn round is a test case for India's sovereign AI policy

HCLTech's $150-million investment gives Sarvam capital, credibility and enterprise reach, but India's sovereign AI push must now prove commercial viability

Sovereign models for large nations to be strategic asset: HCLTech CEO

HCLTech's bet on Sarvam AI is aimed at tapping the sovereign AI opportunity in India and globally, says CEO C Vijayakumar

Sarvam AI becomes unicorn after raising $234 mn; HCLTech acquires over 10%

The sovereign AI startup raised $234 million in the first close of its Series B round, with HCLTech emerging as the lead strategic investor

Anthropic episode is a wake-up call: Sarvam Cofounder Vivek Raghavan

Vivek Raghavan, co-founder, Sarvam in a virtual interaction with Shivani Shinde talks about HCLTech's entry as investor, fund raising and sovereign AI. Edited excerpts

SaaSpocalypse unlikely as guidance, EPS robust despite AI fears: CLSA

CLSA found that most SaaS companies have either maintained or increased their revenue and margin guidance for the upcoming fiscal year and beaten consensus EPS

Nifty IT index sinks 4%; HCLTech, Persistent Systems, Coforge dip up to 11%

IT stocks came under sharp selling pressure today after HCLTech's Q4 results and weak growth guidance.

Stock Market Close: Sensex snaps 3-day winning streak, falls 757 pts, Nifty ends below 24,400

Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap indices ended 0.19 per cent and 1.13 per cent higher, respectively.

Stocks to Watch today, Apr 22: HCLTech, IHCL, SBI Life, Swiggy, BEML

Stocks to Watch today, April 22, 2026: HCLTech, SBI, Swiggy and others will remain in focus; here's why

HCLTech Q4 results: Net profit up 4.2%; slow start to FY27 flagged

Client cutbacks, macro jitters trim growth expectations

HCLTech Q4 results: Net profit rises 4.2% to ₹4,488 cr, revenue up 12.3%

HCLTech CEO and MD C Vijayakumar termed the year as one with an uncertain demand environment

Stocks to Watch today, Apr 21: HCLTech, Nestle, Vedanta, TVS Motor, HPCL

Stocks to Watch today, April 21, 2026: From PNB Housing to HCLTech, here are key stocks that will remain in focus

HCLTech Q4 preview: Product seasonality may hit CC rev; FY27 guidance eyed

HCLTech Q4 results preview: Brokerages tracked by Business Standard estimate HCLTech's net profit at an average of ₹4,716 crore, compared with ₹4,307 crore a year ago