Page 6 - Hcltech

IT services firm HCLTech launches its first global delivery centre in Bihar

Going forward, the centre will house specialised labs and centres of excellence to boost HCLTech's technology innovation and will offer a wide range of services to global clients, said the company

Nomura has high hopes from Infosys, Coforge ahead of Q1FY25 results

Given the bottoming out of revenue growth rate, analysts expect the earnings per share (EPS) downgrade cycle to come to an end for the sector

HCLTech signs agreement worth $278 million with Germany's apoBank

IT services company HCL Technologies (HCLTech) on Tuesday said it has expanded partnership with Germany's largest cooperative primary bank Deutsche Apotheker- und rztebank eG (apoBank). The estimated contract value of the deal is USD 278 million over a duration of 7.5 years, according to a regulatory filing. "HCLTech will accompany apoBank with an outcome-oriented managed services model that delivers resilient, scalable, high quality and compliant digital foundation services, enabling apoBank to deliver fast and secured banking services to its customers," a company statement said. apoBank COO Thomas Runge said HCLTech has extensive Avaloq expertise and deep understanding of apoBank, which makes it an ideal partner. "We look forward to working with apoBank to help them serve their customers by leveraging our comprehensive portfolio of managed infrastructure and cloud services and our longstanding experience with Avaloq," said Sudip Lahiri, Executive Vice President and Head of Financ

HCLTech launches Enterprise AI Foundry to streamline, scale enterprise AI

The company says that the solutions will effectively enable business leaders to focus on real-world outcomes and help development teams to build next-gen AI-powered applications with ease

HCLTech integrates its GenAI platform AI Force with Google Gemini

Last month, the company had expanded its partnership with Google Cloud to enable 25,000 engineers on Google Gemini

HCLTech collaborates with Arm to develop custom silicon chips for AI

The partnership will bring to market solutions that enable semiconductor manufacturers, system original equipment manufacturers (OEMs)

IndiGo, HCLTech, JK Lakshmi Cement among nine stocks to track on May 24

On Thursday, US markets closed in the red as robust economic data dashed hopes for Federal Reserve rate cuts

HCLTech to acquire certain assets of HPE's Communication Tech for $225 mn

IT company HCLTech on Thursday said it will acquire certain assets of Hewlett Packard Enterprise's Communications Technology Group (CTG) for USD 225 million, about Rs 1,874 crore, in an all-cash deal. As part of this agreement, approximately 1,500 employees and 700 contractors with experience of engineering services for telecom industry in various countries -- including Spain, Italy, India, Japan, China, Americas and APAC region -- will be transferred to HCLTech, the companies said in a note. HCLTech in a regulatory filing mentioned that the deal is for "purchase of certain assets (CSS) of Communications Technology Group, a business division of Hewlett Packard Enterprise Company. CSS delivers engineering services to leading global Communications Service Providers (CSPs) leveraging its intellectual properties in a global delivery model" for which "total purchase price is USD 225 million". The deal will strengthen HCL Technologies' presence in telecom vertical by expanding its ...

HCLTech partners with Amazon Web Services to drive GenAI adoption

IT services firm HCLTech on Monday said it has partnered with Amazon Web Services (AWS) to 'accelerate GenAI-led enterprise digital transformation'. The companies will work together to implement AWS GenAI (generative AI) services such as Amazon Bedrock, Amazon CodeWhisperer, Amazon SageMaker and Amazon Titan for enterprises across multiple industries, according to a company statement. "This strategic collaboration agreement seeks to help enterprises unlock the value of GenAI by empowering them to reshape business models, elevate customer experiences and foster growth," Prabhakar Appana, Senior Vice President and AWS Global Head, HCLTech said. The joint entity will help enterprises explore and develop GenAI-led use cases, proofs of concept, tools and solutions, and will provide clients early access to AWS's advanced GenAI services.

Brokerages bullish on HCLTech despite weak FY25 guidance; stock falls 6%

At 10:00 AM, the stock was the top loser on 30-share Sensex. By comparison, S&P BSE Sensex was up 0.37 per cent at 74,002.66 levels

We'll have 50,000 people fully trained to leverage GenAI: HCLTech CEO & MD

Vijayakumar says that what's working in favour of the firm is its challenger position

HCLTech Q4 results: Revenue guidance at 3-5%, higher than Infosys' 1-3%

IT firm reported a net profit of Rs 3,986 crore for the quarter ended March 2023 (Q4FY24), up 0.1 per cent on a year-on-year (Y-o-Y) basis

HCLTech to hire more than 10,000 freshers from campuses for FY25

Net fresher addition in Q4 for the company stood at 3,096 freshers. For the entire FY24, HCLTech added 12,141 freshers. The company's total headcount in Q4 was 227,481

HCLTech Q4 results: Net profit flat at Rs 3,995 crore, revenue up 7%

The board of directors has declared an interim Dividend of Rs 18 per equity share of Rs 2 each of the company for the financial year 2024-25

Fitch expects HCLTech's revenue to grow by 8% in FY24-27, retains rating

Fitch attributed HCLTech's solid market position, diversified customer base, no country ceiling constraint, and robust profitability as some of the key drivers that led the rating

Tech hiring stuck in slow lane leaving engineering talent in quandary

Engineering institutes are feeling the impact of macro uncertainty and past over-hiring, as evidenced by the decrease in campus placements

HCLTech to enable 25,000 engineers on Gemini to scale GenAI solutions

HCLTech recently launched HCLTech AI Force, a pre-built GenAI platform that optimises engineering lifecycle processes from planning through development, testing and maintenance

HCLTech announces alliance with Google Cloud to scale Gemini to global cos

IT services firm HCL Technologies (HCLTech) on Wednesday said it has expanded alliance with Google Cloud to create industry solutions by using the US tech giant's multimodal large language AI model, Gemini. HCLTech will familiarise and train its 25,000 engineers on Gemini for Google Cloud to help mutual clients innovate and optimise their businesses with GenAI (generative AI), according to a release. With this, HCLTech can offer expertise and technical skill sets that customers require for deploying and managing GenAI projects. HCLTech will enable 25,000 engineers on Google Cloud's latest GenAI technology to support clients at various stage of their AI projects, including the development of new use cases and capabilities for HCLTech platforms and product offerings. The focus initially will be on bringing GenAI capabilities to clients in manufacturing, healthcare, and telecom, the company said. HCLTech recently launched HCLTech AI Force, a pre-built GenAI platform that optimises ..

HCLTech arm to divest 49% stake in JV with State Street Int'l Holdings

HCL Technologies' step-down wholly-owned subsidiary HCL Investments UK has entered into a pact with US company and joint venture partner State Street International Holdings to divest its entire 49 per cent holding in their JV, according to a filing. The proceeds received by HCL UK, for divestment of the JV, termination of agreement for related services and settlement of certain contractual commitments, is USD 172.5 million in addition to net book value on the completion date (less applicable withholding tax), HCLTech said in a BSE filing. The transaction was completed effective April 1, 2024. HCL Technologies' step-down wholly-owned subsidiary HCL Investments UK will divest its entire 49 per cent holding in a JV it has with US company State Street International Holdings, as per the filing. "HCL Investments UK Ltd, a company incorporated in the UK and a step-down wholly owned subsidiary of the company, has entered into a Memorandum of Understanding with its Joint Venture (JV) partne

HCLTech, CAST expand alliance to offer customised semiconductor chips

IT company HCLTech on Tuesday said it has expanded its alliance with semiconductor intellectual property (IP) core provider CAST to provide customised chips and aid enterprises in accelerating their digital transformation. HCLTech said it will enhance design verification, emulation, and rapid prototyping of its turnkey system-on-chip solutions by using silicon-proven IP (intellectual property) cores and controllers from CAST. This will help original equipment manufacturers in varied industries, including automotive, consumer electronics and logistics, to reduce engineering risk and development costs, a company statement said. "CAST's high-quality and well-supported IP cores, coupled with HCLTech's system integration design expertise, will enable us to deliver superior custom chips to our customers worldwide," said Vijay Guntur, President, of Engineering and R&D Services, HCLTech.