Page 7 - Hcltech

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.

HCLTech broadens partnership with US firm ServiceNow for GenAI solutions

Deal will offer businesses consulting, design, implementation, managed services

HCLTech ties up with ServiceNow for Gen-AI solutions to boost efficiency

IT firm HCLTech on Thursday said it has partnered with American software company ServiceNow to offer Gen-AI-led solutions for driving efficiency and cost-savings in businesses. HCLTech will offer consulting, design, implementation, and managed services through ServiceNow's entire suite of products, HCLtech said in a statement. It said the partnership will help enterprises realise cost-savings and enhance cross-department efficiency and productivity. "HCLTech offers a wealth of ServiceNow expertise to the world's leading businesses," said Bill McDermott, Chairman and CEO, ServiceNow. "It is an honour to extend our partnership to the co-creation of industry-specific GenAI (Generative Artificial Intelligence) solutions that will ignite our customers' growth engines with transformative experiences. HCLTech and ServiceNow will also launch a ServiceNow business unit and the 'Fluid NOW' centers of excellence in London, New York, and Noida for enterprises to explore the latest GenAI

HCLT's GenAI model to transform software development, engineering lifecycle

Global technology firm HCL Tech on Tuesday said its generative AI platform AI Force will transform the software development and engineering lifecycle with greater quality and productivity. The patented GenAI (generative artificial intelligence) platform is built on Azure OpenAI and can be integrated with Microsoft GitHub Copilot but is system agnostic. It supports commercial LLMs and open-source LLMs depending on the choice of a given enterprise customer. AI Force "accelerates time-to-value by transforming the software development and engineering lifecycle, delivering greater productivity, improved quality, and faster release timelines," the company said. AI Force integrates robust security and governance measures, fostering secure innovation and growth at scale, a company statement said. The platform offers customised GenAI-based solutions that inject intelligence into every aspect of software development and engineering workflows to improve efficiency and developer experience, it

CLSA downgrades TCS, HCLT; Nifty IT sheds 5% from 52-week high in February

The Nifty IT index was the leading sectoral loser in Tuesday's trade, down nearly 2 per cent at its intra-day low of 36,613. With this, the index has shed 5 per cent from its 52-week high of 38,560

HCLTech, Intel Foundry expand collaboration for semiconductor innovation

HCL Technologies (HCLTech) is expanding a longstanding collaboration with Intel Foundry to co-develop customised silicon solutions for semiconductor manufacturers, system OEMs (Original Equipment Manufacturers), and cloud services providers to enhance foundry services, according to a release on Thursday. The partnership brings together HCLTech's design expertise with Intel Foundry's advanced technology and manufacturing capabilities to establish a resilient and diversified supply chain, marking a new era of innovation and excellence. The collaboration aims to meet increasing global demand for semiconductor manufacturing, catering to the diverse silicon needs of clients, by providing them with a robust and inclusive ecosystem for semiconductor sourcing, it further said. "Intel Foundry's advanced technologies and silicon-verified IPs in manufacturing and advanced packaging strengthen our delivery of innovative, accessible, and diverse solutions to our mutual clients," Vijay Guntur, ..