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Top headlines: MSCI global index shuffle, HCLTech signs deal with Verizon

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Verizon Business inks technology deal with HCLTech valued at $2.1 bn

Verizon Business on Thursday announced a strategic global partnership making HCLTech its primary managed network services collaborator in all networking deployments for enterprise customers in a mega deal valued at USD 2.1 billion over six years. In order "to execute the tightly-coordinated balance of responsibilities at enterprise scale", a select group of Verizon Business Global Customer Operations staff will transition to HCLTech, a release said. "HCLTech is pleased to announce the signing of a new mega deal with a Global 100 corporation today. We expect this deal to have a positive revenue impact over the next six years beginning in November 2023 with an estimated new total contract value of USD 2.1 billion over the term," HCLTech said in a separate filing. Meanwhile, the joint release said that the partnership combines Verizon's networking prowess, solutioning, and scale with HCLTech's Managed Service capabilities "to usher in a new era of large-scale wireline service delivery

Verizon Business inks pact with HCLTech for managed network services

On the other hand, Verizon Business will continue to lead all customer acquisition, sales, solutioning, and overall planning and development with its customers

HCLTech announces launch of its global delivery center in Morocco

The launch follows the signing of a MoU between HCLTech and the Government of Morocco in 2022 to invest in the country's technology sector

HCLTech joins Meta, IT ministry programme to help India XR start-ups

Programme helps companies working in augmented reality, virtual reality, mixed reality

Constantly looking for capability-led acquisitions: HCLTech CEO & MD

C. Vijayakumar, CEO and MD, HCLTech talks about the deal pipeline, acquisitions strategy, and focus areas

Infosys, HCLTech put off pay hikes for employees; TCS bucks trend

Infosys typically rolls out hikes for its senior management in July, but so far, they have not received any communication on the matter, the report said

HCLTech net slips 11.3% QoQ, maintains FY24 revenue growth guidance at 6-8%

HCLTech declared its earnings after market hours on Wednesday. Ahead of its results, the shares closed down 0.74 per cent at Rs 1,106.50 apiece on the BSE

HCLTech, Microsoft expand partnership for adoption of generative AI

HCLTech is committed to developing skills in AI across the entire business and is working with Microsoft to offer a comprehensive skills development programme

HCLTech to train 18,000 experts on Google Cloud generative AI capabilities

As part of this expanded partnership, HCLTech will train more than 18,000 people on Google Cloud generative AI technologies and innovate new solutions

HCLTech opens new facility in Chennai for 5G infrastructure testing

IT services company says the laboratory will help advance telephony and ensure quality

HCLTech revises performance bonus policy to pre-pandemic version

According to the revised policy, the company will define key performance parameters and targets

IIT-Kharagpur partners HCLTech for collaboration in petroleum engineering

IIT-Kharagpur inked an agreement with HCLTech for collaboration in the field of petroleum engineering and earth sciences. HCLTech and IIT-Kharagpur will jointly develop innovative and sustainable solutions to address critical challenges of the petroleum industry, including reduction of carbon footprint, and provide significant sustainable solutions towards net zero, a statement said on Thursday. "We are pleased to work with HCLTech on this path-breaking initiative. Academia and industry need to forge such symbiotic partnerships that will be instrumental in advancing research and innovation in technology, besides creating a skilled workforce," IIT-Kharagpur's Dean (R&D) Chandan Chakraborty said. "Joint activities in research and knowledge development have tremendous potential for creating economic and social impact on society," he added. Under the agreement, HCLTech will provide opportunities to students and research scholars from IIT-Kharagpur to undertake projects and internships

HCLTech expands partnership with SAP to drive digital transformation

We are delighted to expand our partnership with SAP to continue elevating the experience for our people through the best of technology, said C Vijayakumar

HCLTech wins digital transformation deal from Heubach Group

HCLTech will deliver an IT system for Heubach Group across 11 countries to include deployment of hybrid cloud, cybersecurity solutions, and end-user services and secure networks

Attrition in IT firms to go back to pre-pandemic levels by October: Experts

In their Q4 results, two of the three IT majors in India, TCS, and Infosys, showed that high attrition was still a problem

A quick pivot to demand helped realise good growth: HCLTech's C Vijayakumar

From a larger proportion of smaller deals, we have moved into an environment where there is a much higher share of large deals in the pipeline, says C Vijayakumar, CEO & MD HCLTech

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 announces plan to double headcount in Romania in next 2 yrs

Indian IT services company employs 1,000 people in European nation to serve global clients

HCLTech launches service to help companies use metaverse for customers

Platform will serve financial services, telecom, manufacturing healthcare and other sectors