Page 9 - Hcltech

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

HCLTech joins Intel foundry services accelerator design services alliance

The development has opened an opportunity for HCLTech and IFS to collaborate and accelerate the adoption of IFS' cutting-edge technologies

HCLTech to explore industrial-scale quantum applications for enterprises

HCLTech Q-Labs, which incubates early-stage research programs, is now a part of the Azure Quantum Network, the ecosystem of quantum innovators and pioneers

HCLTech named Titanium member at Intel awards for second straight year

Indian firm gets US tech giant's highest level of recognition technical innovation in computer networks

Client costs in focus, IT deals revive 'rebadging' of employees

TCS co-opting a third of Boeing workers facing job cuts not an exception; analysts admit that the practice is returning, though not a full-fledged trend yet

Budget 2023-24 wishlist: Here are the key challenges in technology sector

"India is the best market right now in the world with the digital initiatives the government has implemented," says C Vijayakumar, CEO & MD HCLTech

Positive signals

IT companies have done better than expected

HCLTech bags deal to modernise IT operations for US insurer State Farm

Some employees of the American company will transfer to HCLTech and continue providing services

HCLTech Q3 results: Profit rises 18.8%, FY23 revenue guidance trimmed

Deal pipeline remains strong, may see a moderation in Europe next quarter, says CEO

Better bench strength: IT hirings seen at pre-Covid levels in FY24

So far the top three IT firms have announced their third quarter numbers and the dip in attrition rates and a higher bench strength seems to be signalling towards a normal year for hiring in FY24

HCLTech becomes Mattel's primary digital transformation partner

HCLTech will drive transformation across Mattel's global technology landscape cutting across applications, infrastructure and information security domains

Nasdaq-listed ODP Corporation selects HCLTech as primary IT partner

HCLTech will be ODP's IT partner for end-to-end IT operations and enterprise-wide digital transformation

Mondelez Intl expands multi-year cybersecurity contract with HCLTech

HCL will also use its automation and AI capabilities to help Mondelez provide on-demand personalised user experience and accelerated issue resolution to 110,000 employees in 79 countries

HCLTech joins hands with Intel and Mavenir for enterprise 5G solutions

The three will develop cloud-native E2E architecture of an Intel Xeon processor-based 5G solution, leveraging Mavenir RAN, Intel SmartEdge, and HCLTech's management and automation services

HCLTech signs multi-year contract with Swiss MRO firm SR Technics

HCLTech's role is to digitally transform the Swiss company's business, will implement a new greenfield SAP S/4HANA environment hosted on Microsoft Azure using RISE with SAP

Cognizant introduces 'two merit cycles' for employees to rein in attrition

Cognizant Technology Solutions has introduced a one-time, 'two merit cycles' for calendar year 2022 (CY22) for its employees to arrest attrition