Page 7 - Hcltech

HCLTech Q3 net profit rises 6.2% to Rs 4,350 crore, beats estimates

The company revised its FY24 revenue growth guidance to 5-5.5 per cent, from its earlier 5-6 per cent. It reduced its upper end of revenue growth

Q3 results: Top 4 Indian IT companies balance caution and optimism

Compared to its competition, Noida-headquartered HCLTech's performance was the best

HCLTech Q3 results: Net profit rises 6.2% to Rs 4,350 cr, beats estimates

The forecast includes the revenue flowing from the German engineering firm ASAP, which it acquired in July 2023 for $279 million

Q3FY24 preview: Profit seen flat for HCLTech, Wipro's may drop 11% YoY

As per an average of brokerage estimates, HCLTech may post net profit of Rs 4,101 crore for Q3 versus Rs 4,096 crore reported last year

HCLTech hit by ransomware attack, IT major says investigation underway

This comes days after HCL Tech crossed the market capitalisation of Rs 4 trillion on the Indian stock exchanges

HCL Tech market-cap touches Rs 4 trillion; stock surges 8% in two days

The company thus became the third Indian IT firm to achieve this milestone after Tata Consultancy Services (TCS) and Infosys

HCLTech appoints Sonia Eland as country manager for Australia, New Zealand

IT services company does business in digital, engineering, cloud, AI in the two countries

HCLTech, Cisco partner to launch AI powered Meeting Rooms Services

The Meeting-Rooms-as-a-Service (MRaaS) will enable users to join meetings from any meeting solution provider using Cisco's Webex devices

Swimming against the tide

In this age of AI, creating an employee-first culture may seem counter-intuitive. But not if you believe in the primacy of building human relationships at the workplace

HCLTech to drive Banco do Brasil's digital transformation with Salesforce

HCL Technologies on Monday announced that Banco do Brasil has selected it to support the bank's digital transformation and customer relationship management (CRM) journey and implementation of Salesforce. HCLTech's partnership with Salesforce will enable Banco do Brasil to 'hyper-personalise' customer relationship and service solutions, generating greater customer satisfaction and engagement within their omnichannel ecosystem, using AI resources, data unification and intelligent guidelines, a release said. Banco do Brasil is one of the largest financial institutions in Latin America. HCLTech however did not divulge financial details of the contract. "Banco do Brasil...through a bidding process, has chosen HCLTech to support the bank's digital transformation and CRM journey and implementation of Salesforce," the release said. HCLTech will create a dedicated team of specialists with CRM experience to implement Salesforce solutions for Banco do Brasil. It will use four Salesforce ...

Salary hikes of major IT companies take a back seat amid weak demand

Accenture for instance will not be providing salary hikes to its employees in India and Sri Lanka this year, except in critical skill areas and where it is legally mandated

Strong momentum for the second half, says HCLTech CEO & MD C Vijayakumar

C Vijayakumar, MD & CEO, HCLTech in a video interview with Shivani Shinde talks about the revenue guidance cut, growth drivers and hiring targets

Q2 results: HCLTech net beats estimates, but FY24 growth forecast cut

The company reported its net new bookings in the quarter at an all-time high of $3.96 billion in total contract value (TCV)

Caution: Campus hiring by Indian IT services giants is in the slow lane

The management of the companies said that excessive hiring in the last few years has meant recalibration of employees as growth dipped

HCLTech Q2FY24 result: Net profit up 9.9% at Rs 3,883 cr; attrition drops

The consolidated revenue for the quarter grew 8.04 per cent y-o-y at Rs 26,672 crore, as compared to Rs 26,296 crore in Q2FY23

HCLTech, Business Finland sign agreement for technology collaboration

Partnership will enable Finnish firms to use Indian company's innovation network

A fifth of entry-level technology jobs may go artificial intelligence way

Experts believe acquiring niche skills can be a smart way to stay relevant in an AI-driven market

64% of tech firms find poor skills as biggest recruitment challenge: Study

Early career training or apprenticeship programmes would help solve problem, it says

HCLTech grants $5 mn under CSR initiative to combat climate in Americas

Scaling up its CSR initiative to address climate issues at the global level, HCLTech on Tuesday announced a grant of USD 5 million over five years for combating climate change and restoring ecosystems and biodiversity across the Americas. For the last eight years, the HCLTech Grant program has been supporting India-based NGOs, and now the same has been scaled for implementation in the Americas, the company said in a statement. Every year, three NGOs with innovative and sustainable projects will receive a grant of USD 1 million. One NGO will receive USD 5,00,000, while two others will receive USD 2,50,000 each. NGOs will be selected through a rigorous screening process, it added. "Through this programme, we aim to accelerate innovation in climate projects and build a sustainable planet. Our ambition is to identify organisations that are truly making an impact at the grassroots and help them scale their unique projects," said Nidhi Pundhir, Vice President, Global CSR, ...

IT sector companies defer hikes, lower increments amid slow growth

Wipro has postponed salary hikes, while Infosys and HCL opt not to implement raises