HCL Technologies completes acquisition of select IBM products
5 years, 6 months ago

HCL Technologies completes acquisition of select IBM products

Live Mint  

HCL Technologies has completed the planned acquisition of select IBM products for security, marketing, commerce and digital solutions. Last December, HCL Technologies had announced that it will acquire select IBM software products for 1.8 billion dollars in an all-cash deal. HCL also mentioned the introduction of HCL Software, a new division that will operate this enterprise software product business and meet customer demands. "We are excited for the next phase of HCL Software business unit and are confident that these products will see good growth trajectory backed by our commitment to invest in product innovation coupled with our strong client focus and agile product development," said C Vijayakumar, President and CEO of HCL Technologies.

Product Ibm Hcl Hcl Technologies Completes Acquisition  technologies  software  development  marketing  hcl  completes  acquisition  digital  select  product  products  ibm

History of this topic

HCL Technologies Q1 Results Live : profit rise by 20.46% YOY
5 months, 4 weeks ago

HCL Technologies Q1 Results Live : profit rise by 20.46% YOY

Live Mint  

HCL Technologies Q1 Results Live : HCL Technologies declared their Q1 results on 12 Jul, 2024, with the topline increasing by 6.7% and the profit increasing by 20.46% YoY. HCL Technologies has delivered -0.69% return in the last 1 week, 1.83% return in the last 6 months, and 3.12% YTD return. As of 13 Jul, 2024, out of 39 analysts …

HCL Tech Stake Sale: 1.24 Crore Equity Shares Worth Rs 1,788 Crores Sold Via Block Deals
6 months, 1 week ago

HCL Tech Stake Sale: 1.24 Crore Equity Shares Worth Rs 1,788 Crores Sold Via Block Deals

News 18  

HCL Technologies shares in Friday’s trade fell nearly 1 per cent to day’s low price of Rs 1,445.45 as in the pre-opening block deal window 1.24 crore shares of the tech giant changed hands in multiple transactions. The block deal saw 0.45 percent equity stake in HCL Technologies changing hands at Rs 1,440.5 per share, reported CNBC TV18. This week, …

HCL Tech Q4 results: IT major's net profit at ₹3,986 crore; ₹18 interim dividend declared
8 months, 2 weeks ago

HCL Tech Q4 results: IT major's net profit at ₹3,986 crore; ₹18 interim dividend declared

Hindustan Times  

HCL Tech Q4 results: IT major's consolidated net profit has been declared and it has come in at a marginally higher ₹3,986 crore for the quarter versus ₹3,983 crore earlier in the corresponding period last year - a gain of 0.1%. The services revenue of HCL Tech crossed ₹ 1 lakh crore on run rate basis during the quarter under …

HCL Tech Q3 results: Net profit rises 6.2% to ₹4,350 crore
11 months, 4 weeks ago

HCL Tech Q3 results: Net profit rises 6.2% to ₹4,350 crore

Hindustan Times  

HCL Technologies on Friday reported a 6.2 per cent increase in consolidated net profit at ₹4,350 crore, highest ever on a quarterly basis, in the three months ended December 2023 on the back of growth in both services and software businesses. The consolidated revenue of HCL Tech grew 6.5 per cent to ₹28,446 crore during the reported quarter from ₹26,700 …

HCL Technologies shares touch 52-week high on multi-year deal from Siemens
1 year, 4 months ago

HCL Technologies shares touch 52-week high on multi-year deal from Siemens

Live Mint  

HCL Technologies share price today touched 52-week high after following the signing of a multiyear Managed Public Cloud Services agreement with German technology and high-tech industry behemoth Siemens AG. Siemens' infrastructure will be moved to and operated by HCL Tech on AWS and Azure, and the company will be able to concentrate on its core business while making ensuring its …

HCL Tech Q1 Results: Attrition declines to 16.3% in June quarter
1 year, 5 months ago

HCL Tech Q1 Results: Attrition declines to 16.3% in June quarter

Live Mint  

IT major HCL Tech announced its April-June quarter results today, reporting a further decline in its attrition rate to 16.3 percent from 19.5 percent in the preceding March quarter of fiscal 2022-23. “In Q1 FY24, more than 10,000 unique employees leveraged HCLTech's Value Creation Portal-a unique grassroots innovation platform that enables employees to contribute ideas and create value for HCLTech …

HCL Tech records 8% YoY drop in new deal wins to $2.07 billion in Q4
1 year, 8 months ago

HCL Tech records 8% YoY drop in new deal wins to $2.07 billion in Q4

Live Mint  

In its latest Q4 financial year result, HCL Technologies reported new deal wins worth a total contract value of $2.07 billion, which was down by 8 per cent during the quarter ended March in FY22. On an annual basis, the company bagged 57 large deals in FY23, out of which 32 were finalised in the services sector, whereas, 25 were …

HCL Tech Dips Nearly 2% Ahead of Q4 Earnings. Here's How to Trade the IT Stock?
1 year, 8 months ago

HCL Tech Dips Nearly 2% Ahead of Q4 Earnings. Here's How to Trade the IT Stock?

News 18  

Shares of HCL Technologies slipped 1.66 per cent to Rs 1,046.15 per piece in Wednesday’s trade ahead of the firm’s March quarter earnings on Thursday. HCL Tech shares fell 3.68 per cent in the last one week, while it rose 5.09 per cent in the last six months. HCL Tech is expected to report a 20.3 per cent YoY rise …

HCL Tech posts 7.1% rise in Q2 profit; lifts sales, Ebit guidance
2 years, 2 months ago

HCL Tech posts 7.1% rise in Q2 profit; lifts sales, Ebit guidance

Live Mint  

HCL Tech reported a 7.1% rise in its net profit for the quarter-ended September, at ₹3,489 crore versus ₹3,259 crore year-on-year. Our new brand positioning of Supercharging Progress has been well received and I am confident that will help us deliver on our strategic priorities,” said C Vijayakumar, managing director and CEO, HCL Tech. HCL Tech’s rupee revenue for Q2 …

HCL Tech Q1 Results: Net Profit Up 2.4% YoY To Rs 3,283 Crore; Revenue Up 16.9%; Dividend Declared
2 years, 5 months ago

HCL Tech Q1 Results: Net Profit Up 2.4% YoY To Rs 3,283 Crore; Revenue Up 16.9%; Dividend Declared

News 18  

IT major HCL Technologies on Tuesday reported a jump of 2.4 per cent year-on-year in its net profit to Rs 3,283 crore in the June 2022 quarter, against Rs 3,218 crore in the corresponding quarter last year. On a quarterly basis, HCL Tech posted a decline of 8.8 per cent in the net profit, from Rs 3,599 crore in the …

HCL Tech Q1 PAT at ₹3,283 cr, declares dividend of ₹10 per share
2 years, 5 months ago

HCL Tech Q1 PAT at ₹3,283 cr, declares dividend of ₹10 per share

Live Mint  

IT service provider HCL Technologies posted a sequential drop of 8.6% in the consolidated net profit to ₹3,283 crore for the quarter ending June 30, 2022 period. Roshni Nadar Malhotra, Chairperson, HCL Technologies said, "As technology becomes central to lives and businesses, HCL is accelerating the digital transformation journeys of its clients. Further, on the performance, C Vijayakumar, CEO & …

HCL's big incentive for top performer employees - A brand new Mercedes-Benz
3 years, 5 months ago

HCL's big incentive for top performer employees - A brand new Mercedes-Benz

India TV News  

IT major HCL Technologies is planning to reward top performers with a brand new Mercedes-Benz. Explaining the rationale, Apparao VV, the Chief Human Resources Officer, said that the company pays 15 to 20 per cent extra at the time of hiring a replacement. The Noida headquartered company started off as a technology hardware company, manufacturing the country's first indigenous computers …

HCL Tech, IBM collaborate to modernise security operations
3 years, 8 months ago

HCL Tech, IBM collaborate to modernise security operations

The Hindu  

IBM Security and HCL Technologies on Tuesday said they have collaborated to help unify and streamline threat management for clients via a modernised security operation centre platform. HCL's Cybersecurity Fusion Centres deliver threat management services to clients around the world through six global state-of-the-art security operations and response facilities. HCL Technologies Corporate Vice President Maninder Singh said enterprises operating in …

HCL Technologies Employees to Get Bonus Worth Rs 700 Crore as Firm Crosses $10-billion Milestone
3 years, 11 months ago

HCL Technologies Employees to Get Bonus Worth Rs 700 Crore as Firm Crosses $10-billion Milestone

News 18  

The HCL Technologies on Monday announced a one-time special bonus worth over Rs 700 crore for its employees worldwide as a mark of appreciation of their performance that led the company to surpass the $10-billion milestone in revenues for the pandemic-hit 2020. Hailing the milestone as a “historic” feat, the HCL acknowledged employees’ consistent achievements, long-term relationships with leading companies …

HCL Tech Q3 Net Profit Up 31 Pc to Rs 3,982 Cr, Revises Q4 Revenue Growth Forecast
3 years, 11 months ago

HCL Tech Q3 Net Profit Up 31 Pc to Rs 3,982 Cr, Revises Q4 Revenue Growth Forecast

News 18  

IT firm HCL Technologies on Friday posted a 31.1 percent rise in net profit at Rs 3,982 crore for the December 2020 quarter. In the third quarter, HCL Technologies recorded revenue growth at 3.5 percent quarter-on-quarter in constant currency – higher than its estimate of 1.5-2.5 percent sequential rise. HCL Technologies has revised its sequential revenue growth guidance to 2-3 …

HCL Technologies Shares Tank Over 4% on Profit-booking After Q2 Earnings
4 years, 2 months ago

HCL Technologies Shares Tank Over 4% on Profit-booking After Q2 Earnings

News 18  

Shares of HCL Technologies on Friday declined over 4 per cent in early trade on the bourses on profit-booking after the company posted 18.5 per cent rise in September quarter net profit. IT firm HCL Technologies on Friday posted 18.5 per cent rise in September quarter net profit at Rs 3,142 crore. In the second quarter, HCL Technologies recorded revenue …

HCL brings its Commerce platform to Google Cloud
4 years, 7 months ago

HCL brings its Commerce platform to Google Cloud

India TV News  

IT major HCL Technologies on Thursday said it will bring its software offerings, starting with HCL Commerce, to Google Cloud. "The collaboration between Google Cloud and HCL Commerce is helping customers rapidly execute their digital transformation strategy that is rooted in the new normal," Darren Oberst, Corporate Vice President and Head of HCL Software, said in a statement. Bringing HCL …

HCL Tech Q4 results better than expectations: Net profit up 22.8% at Rs 3,154 cr, announces dividend of Rs 2
4 years, 8 months ago

HCL Tech Q4 results better than expectations: Net profit up 22.8% at Rs 3,154 cr, announces dividend of Rs 2

Firstpost  

HCL Tech’s revenue grew 16.3 percent to Rs 18,590 crore in the quarter under review, from Rs 15,990 crore in the corresponding quarter last year, as per US GAAP New Delhi: IT firm HCL Technologies on Thursday posted 22.8 percent rise in consolidated net profit at Rs 3,154 crore for the March quarter driven by strong growth across verticals. #BREAKING …

HCL Technologies secures contract from Aperam to transform end-user experience
5 years, 3 months ago

HCL Technologies secures contract from Aperam to transform end-user experience

Live Mint  

HCL Technologies announced on Wednesday that it has secured a contract with Aperam, a global player in stainless, electrical and specialty steel. By partnering with HCL, Aperam aims to significantly enhance its employees’ end-user experience, foster business-IT collaboration, and increase business efficiency globally. “Enhancing the employee user experience and improved IT service integration are key elements of this transformation program, …

HCL Technologies announces close of acquisition of select IBM products
5 years, 6 months ago

HCL Technologies announces close of acquisition of select IBM products

Live Mint  

HCL Technologies, a leading global technology company, today confirmed the official close at the end of June 2019 the previously announced acquisition of select IBM products for security, marketing, commerce, and digital solutions. A Business Unit of “Products and Platforms", HCL Software has successfully delivered more than 340 partner releases and more than 90 HCL releases, including such popular products …

IBM products help HCL fastest growth among five largest IT firms.
5 years, 8 months ago

IBM products help HCL fastest growth among five largest IT firms.

Live Mint  

HCL Technologies Ltd on Thursday announced a 3.5% sequential increase in its dollar revenue for the January-March quarter, the highest among large companies in India’s $167 billion information technology outsourcing sector. HCL Tech’s dollar revenue improved 3.5% sequentially to $2.28 billion in the quarter, while in constant currency terms, the company’s revenue rose 3.3% on a sequential basis. “We are …

HCL Technologies wins $1.3 billion contract from Xerox
5 years, 9 months ago

HCL Technologies wins $1.3 billion contract from Xerox

Live Mint  

New Delhi: HCL Technologies Ltd expects to generate $1.3 billion in revenue over the next seven years from its contract with Xerox Corp., the US printer and photocopier giant. Noida-based HCL Tech, which last year surpassed Wipro Ltd to become India’s third largest IT company, said on Tuesday that the deal marks the renewal of the company’s engagement with Xerox, …

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