HCLTECH
New to Zerodha? Sign-up for free.
New to Zerodha? Sign-up for free.
-
Share Price
-
Financials
-
Revenue mix
-
Shareholdings
-
Peers
-
Forensics
- 5D
- 1M
- 6M
- YTD
- 1Y
- 5Y
- MAX
This data is currently unavailable for this company.
-
Summary
-
Profit & Loss
-
Balance sheet
-
Cashflow
This data is currently unavailable for this company.
| (In Cr.) |
|---|
| (In Cr.) | ||||
|---|---|---|---|---|
|
This data is currently unavailable for this company. |
| (In %) |
|---|
| (In Cr.) |
|---|
| Financial Year (In Cr.) |
|---|
-
Product wise
-
Location wise
Revenue Mix
This data is currently unavailable for this company.
Revenue Mix
This data is currently unavailable for this company.
Recent events
-
News
-
Corporate Actions
HCLtech Partners With Pearson
July 29 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH AND PEARSON PARTNER
PARTNERSHIP FOR WORKFORCE READINESS IN AI
Source text: ID:nBSEHJGCY
Further company coverage: HCLT.NS
(([email protected];))
July 29 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH AND PEARSON PARTNER
PARTNERSHIP FOR WORKFORCE READINESS IN AI
Source text: ID:nBSEHJGCY
Further company coverage: HCLT.NS
(([email protected];))
Wipro shares rise as Indian IT firm's quarterly results top estimates
Wipro's performance contrasts with TCS and HCLTech's weaker revenue
Stock tops Nifty 50 and IT index
At least six brokerages upgrade stock post-earnings
Adds analysts comments in paragraph 7 and 8, stock details in paragraph 3
July 18 (Reuters) - India's Wipro WIPR.NS rose as much as 4% on Friday after the country's fourth-largest IT firm reported better-than-expected quarterly earnings, driven by improved client spending in segments of its Americas business.
At least six brokerages upgraded Wipro's stock after the company posted a 0.8% rise in first-quarter revenue and an 11% jump in net profit, both topping analysts' average estimates, according to LSEG data.
Data also showed that at least 10 brokerages raised their price targets on the stock, which was the top gainer on the benchmark Nifty 50 index and the IT index .NIFTYIT early on Friday. The blue-chip index and the IT index were both down 0.6% and 0.2%, respectively.
India's fourth-largest IT company said it expects revenue for the September quarter to be in the range of $2.56 billion and $2.61 billion, ranging between a drop of 1% and a rise of 1%, in line with what analysts were expecting.
Analysts at Morgan Stanley said strong large deal wins at Wipro "bode well" for growth in the second half of the fiscal year, while those at Investec said deal wins were the "big highlight of the quarter," and were the highest in more-than 13 quarters.
Wipro's deal wins rose to $5 billion in the quarter, up from $3.3 billion a year earlier.
"More importantly, these large deals are concentrated among Wipro's top clients, which implies greater wallet share," Morgan Stanley analysts said in a note.
Wipro's quarterly performance stood in contrast to rivals Tata Consultancy Services TCS.NS and HCLTech HCLT.NS, which reported weaker revenue for the same period.
TCS and Infosys INFY.NS shares were up 0.1%, while HCLTech shares were down 0.8% on Friday.
(Reporting by Manvi Pant; Editing by Chandini Monnappa and Nivedita Bhattacharjee)
(([email protected]; +918447554364;))
Wipro's performance contrasts with TCS and HCLTech's weaker revenue
Stock tops Nifty 50 and IT index
At least six brokerages upgrade stock post-earnings
Adds analysts comments in paragraph 7 and 8, stock details in paragraph 3
July 18 (Reuters) - India's Wipro WIPR.NS rose as much as 4% on Friday after the country's fourth-largest IT firm reported better-than-expected quarterly earnings, driven by improved client spending in segments of its Americas business.
At least six brokerages upgraded Wipro's stock after the company posted a 0.8% rise in first-quarter revenue and an 11% jump in net profit, both topping analysts' average estimates, according to LSEG data.
Data also showed that at least 10 brokerages raised their price targets on the stock, which was the top gainer on the benchmark Nifty 50 index and the IT index .NIFTYIT early on Friday. The blue-chip index and the IT index were both down 0.6% and 0.2%, respectively.
India's fourth-largest IT company said it expects revenue for the September quarter to be in the range of $2.56 billion and $2.61 billion, ranging between a drop of 1% and a rise of 1%, in line with what analysts were expecting.
Analysts at Morgan Stanley said strong large deal wins at Wipro "bode well" for growth in the second half of the fiscal year, while those at Investec said deal wins were the "big highlight of the quarter," and were the highest in more-than 13 quarters.
Wipro's deal wins rose to $5 billion in the quarter, up from $3.3 billion a year earlier.
"More importantly, these large deals are concentrated among Wipro's top clients, which implies greater wallet share," Morgan Stanley analysts said in a note.
Wipro's quarterly performance stood in contrast to rivals Tata Consultancy Services TCS.NS and HCLTech HCLT.NS, which reported weaker revenue for the same period.
TCS and Infosys INFY.NS shares were up 0.1%, while HCLTech shares were down 0.8% on Friday.
(Reporting by Manvi Pant; Editing by Chandini Monnappa and Nivedita Bhattacharjee)
(([email protected]; +918447554364;))
Wipro first quarter results top estimates as Indian IT firm sees some strong client spending
Updates with analyst comment, company commentary
By Haripriya Suresh and Sai Ishwarbharath B
BENGALURU, July 17 (Reuters) - Wipro WIPR.NS beat June-quarter estimates as improved client spending in parts of its Americas business boosted performance and forecast current-quarter revenue in line with expectations.
The results and forecast eased investor concerns after months of subdued outlook, sending U.S.-listed shares of the company up 1.4% in pre-market trading.
India's fourth-largest IT company expects revenue for the September quarter to be in the range of $2.56 billion and $2.61 billion, ranging between a drop of 1% and a rise of 1%, in line with what analysts were expecting.
"The revenue growth forecast gives an indication that uncertainty is reducing, which looks positive overall. Generally, Wipro has not shown positive growth in a weak macro environment," said Sushovon Nayak, IT analyst at Anand Rathi.
India's $283-billion IT sector had hoped a Trump presidency would revive client confidence, but lingering uncertainty over U.S. tariff policies had led to clients keeping discretionary spending on hold.
However, Wipro's revenue in the June quarter rose 0.8% to 221.35 billion rupees ($2.57 billion) and net profit rose 11% to 33.3 billion rupees, both topping analysts' mean estimate of 220.59 billion rupees and 32.55 billion rupees respectively, as per data from LSEG.
Larger peers Tata Consultancy Services TCS.NS and HCLTech HCLT.NS missed quarterly revenue estimates, citing continued softness in demand but said the environment has stabilized and not worsened further.
Wipro chief executive Srini Pallia said the quarter started with the company facing "significant macro uncertainty".
Europe saw the steepest revenue decline during the quarter of 8.1% and continues to face headwinds, but Pallia said there was strong deal momentum in the Americas.
Revenue fell in three of Wipro's five segments, even as deal wins rose to $5 billion in the quarter, up from $3.3 billion a year earlier.
($1 = 86.0390 Indian rupees)
(Reporting by Haripriya Suresh, Editing by Nivedita Bhattacharjee)
(([email protected];))
Updates with analyst comment, company commentary
By Haripriya Suresh and Sai Ishwarbharath B
BENGALURU, July 17 (Reuters) - Wipro WIPR.NS beat June-quarter estimates as improved client spending in parts of its Americas business boosted performance and forecast current-quarter revenue in line with expectations.
The results and forecast eased investor concerns after months of subdued outlook, sending U.S.-listed shares of the company up 1.4% in pre-market trading.
India's fourth-largest IT company expects revenue for the September quarter to be in the range of $2.56 billion and $2.61 billion, ranging between a drop of 1% and a rise of 1%, in line with what analysts were expecting.
"The revenue growth forecast gives an indication that uncertainty is reducing, which looks positive overall. Generally, Wipro has not shown positive growth in a weak macro environment," said Sushovon Nayak, IT analyst at Anand Rathi.
India's $283-billion IT sector had hoped a Trump presidency would revive client confidence, but lingering uncertainty over U.S. tariff policies had led to clients keeping discretionary spending on hold.
However, Wipro's revenue in the June quarter rose 0.8% to 221.35 billion rupees ($2.57 billion) and net profit rose 11% to 33.3 billion rupees, both topping analysts' mean estimate of 220.59 billion rupees and 32.55 billion rupees respectively, as per data from LSEG.
Larger peers Tata Consultancy Services TCS.NS and HCLTech HCLT.NS missed quarterly revenue estimates, citing continued softness in demand but said the environment has stabilized and not worsened further.
Wipro chief executive Srini Pallia said the quarter started with the company facing "significant macro uncertainty".
Europe saw the steepest revenue decline during the quarter of 8.1% and continues to face headwinds, but Pallia said there was strong deal momentum in the Americas.
Revenue fell in three of Wipro's five segments, even as deal wins rose to $5 billion in the quarter, up from $3.3 billion a year earlier.
($1 = 86.0390 Indian rupees)
(Reporting by Haripriya Suresh, Editing by Nivedita Bhattacharjee)
(([email protected];))
India IT demand outlook remains uncertain amid US tariff risks, says Wipro chair
BENGALURU, July 16 (Reuters) - The demand outlook for India's $283-billion IT sector remains uncertain due to U.S. tariff risks and global geopolitical factors, a senior Wipro WIPR.NS executive said on Wednesday.
"Customers are getting acclimatised to living in a world that is uncertain," said Rishad Premji, executive chairman of the country's fourth-largest IT firm by revenue.
"The (overall) environment remains uncertain. It has not gotten any worse but not gotten significantly better at the moment."
He was speaking at the company's annual shareholder meeting ahead of first-quarter results scheduled to be announced on Thursday.
Clients have tightened non-essential or discretionary spending and are focussing more on cost-cutting projects enabled through tech, said Premji.
Uncertainty around U.S. tariffs have dashed hopes of IT companies of a revival in client confidence and spending in its biggest market. A survey in May showed two in five tech executives had deferred discretionary projects.
Premji, however, said green shoots had emerged in pockets in terms of discretionary spending.
Indian IT companies have so far reported tepid earnings for the June quarter.
Last Thursday, bellwether Tata Consultancy Services TCS.NS missed quarterly revenue estimates as its clients stayed cautious about non-essential spending amid U.S. tariff-related uncertainty.
TCS CEO K Krithivasan said delays in decision-making and project starts "intensified" in the June quarter, adding that it was "too early" to predict when the growth would resume.
HCLTech HCLT.NS reported June-quarter profit below analyst estimates on Monday and lowered its operating margin forecast for fiscal 2026.
(Reporting by Sai Ishwarbharath B; Editing by Subhranshu Sahu)
(([email protected];))
BENGALURU, July 16 (Reuters) - The demand outlook for India's $283-billion IT sector remains uncertain due to U.S. tariff risks and global geopolitical factors, a senior Wipro WIPR.NS executive said on Wednesday.
"Customers are getting acclimatised to living in a world that is uncertain," said Rishad Premji, executive chairman of the country's fourth-largest IT firm by revenue.
"The (overall) environment remains uncertain. It has not gotten any worse but not gotten significantly better at the moment."
He was speaking at the company's annual shareholder meeting ahead of first-quarter results scheduled to be announced on Thursday.
Clients have tightened non-essential or discretionary spending and are focussing more on cost-cutting projects enabled through tech, said Premji.
Uncertainty around U.S. tariffs have dashed hopes of IT companies of a revival in client confidence and spending in its biggest market. A survey in May showed two in five tech executives had deferred discretionary projects.
Premji, however, said green shoots had emerged in pockets in terms of discretionary spending.
Indian IT companies have so far reported tepid earnings for the June quarter.
Last Thursday, bellwether Tata Consultancy Services TCS.NS missed quarterly revenue estimates as its clients stayed cautious about non-essential spending amid U.S. tariff-related uncertainty.
TCS CEO K Krithivasan said delays in decision-making and project starts "intensified" in the June quarter, adding that it was "too early" to predict when the growth would resume.
HCLTech HCLT.NS reported June-quarter profit below analyst estimates on Monday and lowered its operating margin forecast for fiscal 2026.
(Reporting by Sai Ishwarbharath B; Editing by Subhranshu Sahu)
(([email protected];))
India's HCLTech slides on lower operating margin forecast
July 15 (Reuters) - Shares of HCLTech HCLT.NS dropped about 3% on Tuesday after India's No.3 software services provider lowered its annual operating margin forecast, dampening hopes of a rebound in client spending across the sector.
On Monday, HCLTech reduced its annual operating margin forecast to a range of 17% to 18% from a previous projection of 18% to 19% for fiscal year 2026.
(Reporting by Manvi Pant; Editing by Sonia Cheema)
(([email protected]; +918447554364;))
July 15 (Reuters) - Shares of HCLTech HCLT.NS dropped about 3% on Tuesday after India's No.3 software services provider lowered its annual operating margin forecast, dampening hopes of a rebound in client spending across the sector.
On Monday, HCLTech reduced its annual operating margin forecast to a range of 17% to 18% from a previous projection of 18% to 19% for fiscal year 2026.
(Reporting by Manvi Pant; Editing by Sonia Cheema)
(([email protected]; +918447554364;))
India's HCLTech narrows revenue forecast, sees demand stability
Adds company commentary, analyst comment, recasts throughout
By Haripriya Suresh and Sai Ishwarbharath B
BENGALURU, July 14 (Reuters) - HCLTech HCLT.NS, India's third-largest IT services provider, reported mixed quarterly results on Monday, where its revenue beat analyst estimates but profit fell more than expected.
The company's net profit for the June quarter fell 9.7% from a year ago to 38.43 billion rupees. Meanwhile, its consolidated quarterly revenue rose 8.16% to 303.49 billion rupees ($3.53 billion), surpassing analysts' average estimate of 302.92 billion rupees, according to data compiled by LSEG.
"The demand environment remained stable from an overall perspective, with some variations across specific verticals. It did not deteriorate as feared at the start of the quarter," HCLTech CEO C Vijayakumar said.
Uncertainty around tariffs in the U.S., the biggest market for India's $283-billion IT sector, has quashed hopes of a revival in client confidence and spending.
The company raised the lower end of its revenue growth forecast for fiscal year 2026 to between 3% and 5% from the prior view of 2% to 5%.
However, HCLTech lowered its annual operating margin forecast to a range of 17% to 18% from the previous projection of 18% to 19%.
"This revision indicates a cautious outlook on profitability amid ongoing cost and demand pressures," said Ambrish Shah, an analyst at Systematix.
Operating margin for the June quarter declined 80 basis points to 16.3%, impacted by lower utilization due to a delay in the ramp-up of a specific program leading to larger bench strength, Vijayakumar said.
The company will also undertake a restructuring where it will seek to give up facilities it is not using, primarily in locations outside India, the CEO added.
There will also be a "talent rampdown" in some locations outside India, he added, but did not share specifics. The costs the company will incur as part of the restructuring are baked into its updated forecast, he said.
HCLTech's order bookings for the June quarter stood at $1.81 billion, compared with $1.96 billion in the year-ago period.
Four of its seven industry segments grew, while manufacturing, life sciences as well as healthcare and public service segments declined.
Industry leader Tata Consultancy Services TCS.NS missed its quarterly earnings estimates last week, leading to concerns of a prolonged lull in demand.
($1 = 85.9700 Indian rupees)
(Reporting by Haripriya Suresh and Sai Ishwarbharath B; Editing by Mrigank Dhaniwala and Shreya Biswas)
(([email protected];))
Adds company commentary, analyst comment, recasts throughout
By Haripriya Suresh and Sai Ishwarbharath B
BENGALURU, July 14 (Reuters) - HCLTech HCLT.NS, India's third-largest IT services provider, reported mixed quarterly results on Monday, where its revenue beat analyst estimates but profit fell more than expected.
The company's net profit for the June quarter fell 9.7% from a year ago to 38.43 billion rupees. Meanwhile, its consolidated quarterly revenue rose 8.16% to 303.49 billion rupees ($3.53 billion), surpassing analysts' average estimate of 302.92 billion rupees, according to data compiled by LSEG.
"The demand environment remained stable from an overall perspective, with some variations across specific verticals. It did not deteriorate as feared at the start of the quarter," HCLTech CEO C Vijayakumar said.
Uncertainty around tariffs in the U.S., the biggest market for India's $283-billion IT sector, has quashed hopes of a revival in client confidence and spending.
The company raised the lower end of its revenue growth forecast for fiscal year 2026 to between 3% and 5% from the prior view of 2% to 5%.
However, HCLTech lowered its annual operating margin forecast to a range of 17% to 18% from the previous projection of 18% to 19%.
"This revision indicates a cautious outlook on profitability amid ongoing cost and demand pressures," said Ambrish Shah, an analyst at Systematix.
Operating margin for the June quarter declined 80 basis points to 16.3%, impacted by lower utilization due to a delay in the ramp-up of a specific program leading to larger bench strength, Vijayakumar said.
The company will also undertake a restructuring where it will seek to give up facilities it is not using, primarily in locations outside India, the CEO added.
There will also be a "talent rampdown" in some locations outside India, he added, but did not share specifics. The costs the company will incur as part of the restructuring are baked into its updated forecast, he said.
HCLTech's order bookings for the June quarter stood at $1.81 billion, compared with $1.96 billion in the year-ago period.
Four of its seven industry segments grew, while manufacturing, life sciences as well as healthcare and public service segments declined.
Industry leader Tata Consultancy Services TCS.NS missed its quarterly earnings estimates last week, leading to concerns of a prolonged lull in demand.
($1 = 85.9700 Indian rupees)
(Reporting by Haripriya Suresh and Sai Ishwarbharath B; Editing by Mrigank Dhaniwala and Shreya Biswas)
(([email protected];))
TCS revenue falls short as tariffs cast shadow on client spending
Delays in decision-making and project starts intensified - CEO
Passage of the U.S. spending bill could provide some clarity
US-listed shares of rivals Infosys and Wipro drop sharply
Recasts throughout; adds CEO, analyst comments
By Sai Ishwarbharath B and Haripriya Suresh
BENGALURU, July 10 (Reuters) - Tata Consultancy Services TCS.NS, India's top software-services exporter, missed quarterly revenue estimates on Thursday as its clients stayed cautious about non-essential spending amid tariff-related uncertainty.
The revenue shortfall at TCS, the first Indian tech major to report results, raised concerns about future demand for the country's $283 billion IT sector and dragged down U.S. listed shares of rivals Infosys INFY.NS and Wipro WIPR.NS.
"The trend of delays in decision-making and project starts with respect to discretionary spends has continued and intensified in this quarter," CEO K Krithivasan said on a conference call.
While it is "too early" to predict when growth will resume, the passage of the U.S. spending bill could provide some clarity by the end of July or early August, Krithivasan said.
Consolidated sales in the first quarter rose 1.3% to 634.37 billion rupees ($7.40 billion), missing analysts' average estimate of 646.66 billion rupees, according to data compiled by LSEG.
Uncertainty around U.S. tariffs has quashed IT companies' hopes of a revival in client confidence and spending in its biggest market. A survey in May showed two in five tech executives had deferred discretionary projects.
TCS's revenue in four out of its six verticals fell compared to the same period last year, while banking and financial services' revenue grew 1% and tech services rose 1.8%.
Its total order bookings stood at $9.4 billion during the quarter, versus $12.2 billion in the previous quarter and $8.3 billion in the year-ago period.
"The weak topline numbers highlight cautiousness among clients," said Sagar Shetty, research analyst at StoxBox.
"This theme would likely spill over to (other) tier 1 companies as well. Drag in deal wins also undermines revenue visibility, which might warrant revision in upper end of guidance (for other companies)," Shetty said.
HCLTech HCLT.NS, Infosys and Wipro report results later in July. U.S.-listed shares of Infosys fell 3.3%, while those of Wipro were down 4.2% as of 1920 IST.
TCS's net profit rose 6% to 127.60 billion rupees, while analysts expected 122.16 billion rupees. The profit beat was largely tied to a wage hike delay and a jump in other income.
($1 = 85.6690 Indian rupees)
(Reporting by Sai Ishwarbharath B and Haripriya Suresh; Editing by Dhanya Skariachan, Mrigank Dhaniwala and Saumyadeb Chakrabarty)
(([email protected];))
Delays in decision-making and project starts intensified - CEO
Passage of the U.S. spending bill could provide some clarity
US-listed shares of rivals Infosys and Wipro drop sharply
Recasts throughout; adds CEO, analyst comments
By Sai Ishwarbharath B and Haripriya Suresh
BENGALURU, July 10 (Reuters) - Tata Consultancy Services TCS.NS, India's top software-services exporter, missed quarterly revenue estimates on Thursday as its clients stayed cautious about non-essential spending amid tariff-related uncertainty.
The revenue shortfall at TCS, the first Indian tech major to report results, raised concerns about future demand for the country's $283 billion IT sector and dragged down U.S. listed shares of rivals Infosys INFY.NS and Wipro WIPR.NS.
"The trend of delays in decision-making and project starts with respect to discretionary spends has continued and intensified in this quarter," CEO K Krithivasan said on a conference call.
While it is "too early" to predict when growth will resume, the passage of the U.S. spending bill could provide some clarity by the end of July or early August, Krithivasan said.
Consolidated sales in the first quarter rose 1.3% to 634.37 billion rupees ($7.40 billion), missing analysts' average estimate of 646.66 billion rupees, according to data compiled by LSEG.
Uncertainty around U.S. tariffs has quashed IT companies' hopes of a revival in client confidence and spending in its biggest market. A survey in May showed two in five tech executives had deferred discretionary projects.
TCS's revenue in four out of its six verticals fell compared to the same period last year, while banking and financial services' revenue grew 1% and tech services rose 1.8%.
Its total order bookings stood at $9.4 billion during the quarter, versus $12.2 billion in the previous quarter and $8.3 billion in the year-ago period.
"The weak topline numbers highlight cautiousness among clients," said Sagar Shetty, research analyst at StoxBox.
"This theme would likely spill over to (other) tier 1 companies as well. Drag in deal wins also undermines revenue visibility, which might warrant revision in upper end of guidance (for other companies)," Shetty said.
HCLTech HCLT.NS, Infosys and Wipro report results later in July. U.S.-listed shares of Infosys fell 3.3%, while those of Wipro were down 4.2% as of 1920 IST.
TCS's net profit rose 6% to 127.60 billion rupees, while analysts expected 122.16 billion rupees. The profit beat was largely tied to a wage hike delay and a jump in other income.
($1 = 85.6690 Indian rupees)
(Reporting by Sai Ishwarbharath B and Haripriya Suresh; Editing by Dhanya Skariachan, Mrigank Dhaniwala and Saumyadeb Chakrabarty)
(([email protected];))
HCLTech and Astemo Cypremos Partner
July 9 (Reuters) - HCL Technologies Ltd HCLT.NS:
ASTEMO CYPREMOS PARTNERS WITH HCLTECH
PARTNERSHIP FOR AUTONOMOUS AND SMART VEHICLES ECOSYSTEM
Source text: ID:nNSE6Vt2QD
Further company coverage: HCLT.NS
(([email protected];;))
July 9 (Reuters) - HCL Technologies Ltd HCLT.NS:
ASTEMO CYPREMOS PARTNERS WITH HCLTECH
PARTNERSHIP FOR AUTONOMOUS AND SMART VEHICLES ECOSYSTEM
Source text: ID:nNSE6Vt2QD
Further company coverage: HCLT.NS
(([email protected];;))
HCLTech Named Workday Sales Partner
July 8 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH NAMED WORKDAY SALES PARTNER
PARTNERSHIP FOR AI-LED HUMAN CAPITAL MANAGEMENT SOLUTIONS, WORKFORCE TRANSFORMATION
Source text: ID:nBSE9p5Fgf
Further company coverage: HCLT.NS
(([email protected];;))
July 8 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH NAMED WORKDAY SALES PARTNER
PARTNERSHIP FOR AI-LED HUMAN CAPITAL MANAGEMENT SOLUTIONS, WORKFORCE TRANSFORMATION
Source text: ID:nBSE9p5Fgf
Further company coverage: HCLT.NS
(([email protected];;))
HCLTech Says HCLSoftware Launches Sovereign AI
July 7 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLSOFTWARE LAUNCHES SOVEREIGN AI
Source text: ID:nBSE3nJDzR
Further company coverage: HCLT.NS
(([email protected];;))
July 7 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLSOFTWARE LAUNCHES SOVEREIGN AI
Source text: ID:nBSE3nJDzR
Further company coverage: HCLT.NS
(([email protected];;))
Hcltech, Equinor Expand Digital Collaboration
July 2 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLTECH AND EQUINOR EXPAND DIGITAL COLLABORATION
Source text: ID:nnAZN42UPN1
Further company coverage: HCLT.NS
(([email protected];))
July 2 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLTECH AND EQUINOR EXPAND DIGITAL COLLABORATION
Source text: ID:nnAZN42UPN1
Further company coverage: HCLT.NS
(([email protected];))
HCL Technologies, AMD Announce Strategic Alliance
June 24 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCL TECHNOLOGIES LTD - HCLTECH AND AMD ANNOUNCE STRATEGIC ALLIANCE
Source text: ID:nNSE7Pdh9K
Further company coverage: HCLT.NS
(([email protected];))
June 24 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCL TECHNOLOGIES LTD - HCLTECH AND AMD ANNOUNCE STRATEGIC ALLIANCE
Source text: ID:nNSE7Pdh9K
Further company coverage: HCLT.NS
(([email protected];))
HCL Technologies Selected By ASISA As Strategic IT Partner
June 17 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH SELECTED BY ASISA AS STRATEGIC IT PARTNER
Source text: ID:nNSE5jgP6Z
Further company coverage: HCLT.NS
(([email protected];;))
June 17 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH SELECTED BY ASISA AS STRATEGIC IT PARTNER
Source text: ID:nNSE5jgP6Z
Further company coverage: HCLT.NS
(([email protected];;))
HCLTech And UiPath Announce Strategic Partnership
June 2 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCL TECHNOLOGIES LTD - HCLTECH AND UIPATH ANNOUNCE STRATEGIC PARTNERSHIP
HCL TECHNOLOGIES LTD - PARTNERSHIP TO ENABLE INTELLIGENT AND SELF-SUFFICIENT OPERATIONS
Further company coverage: HCLT.NS
(([email protected];))
June 2 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCL TECHNOLOGIES LTD - HCLTECH AND UIPATH ANNOUNCE STRATEGIC PARTNERSHIP
HCL TECHNOLOGIES LTD - PARTNERSHIP TO ENABLE INTELLIGENT AND SELF-SUFFICIENT OPERATIONS
Further company coverage: HCLT.NS
(([email protected];))
India approves HCL-Foxconn joint venture semiconductor unit
Corrects paragraph 1 to correct company name to HCL Group, not HCL Technologies
NEW DELHI, May 14 (Reuters) - India's cabinet on Wednesday approved a new semiconductor unit, a joint venture between HCL Group and Foxconn 2317.TW, costing 37.06 billion rupees ($434.72 million) and to be located in the northern state of Uttar Pradesh, information minister Ashwini Vaishnaw said.
($1 = 85.2500 Indian rupees)
(Reporting by CK Nayak and Tanvi Mehta; Editing by YP Rajesh)
Corrects paragraph 1 to correct company name to HCL Group, not HCL Technologies
NEW DELHI, May 14 (Reuters) - India's cabinet on Wednesday approved a new semiconductor unit, a joint venture between HCL Group and Foxconn 2317.TW, costing 37.06 billion rupees ($434.72 million) and to be located in the northern state of Uttar Pradesh, information minister Ashwini Vaishnaw said.
($1 = 85.2500 Indian rupees)
(Reporting by CK Nayak and Tanvi Mehta; Editing by YP Rajesh)
Hcltech Signs European Commission's Ai Pact To Drive Responsible AI
May 12 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH SIGNS EUROPEAN COMMISSION'S AI PACT TO DRIVE RESPONSIBLE AI
Source text: ID:nBSE17qjwb
Further company coverage: HCLT.NS
(([email protected];;))
May 12 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH SIGNS EUROPEAN COMMISSION'S AI PACT TO DRIVE RESPONSIBLE AI
Source text: ID:nBSE17qjwb
Further company coverage: HCLT.NS
(([email protected];;))
REFILE-India's HCLTech jumps after revenue growth outlook beats expectations
Corrects typographical error in paragraph 5 to say "pre-tariff"
BENGALURU, April 23 (Reuters) - India's HCL Tech HCLT.NS gained 7% on Wednesday, a day after the country's no. 3 IT services firm forecast revenue growth outlook that beat analyst expectations.
The stock was on track for its best day since September 2020, leading gains on the Nifty IT index .NIFTYIT and the benchmark Nifty 50 .NSEI, which rose 3% and 0.4%, respectively.
While the company's quarterly revenue was slightly below estimates, its 2% to 5% growth forecast for fiscal 2026 topped analyst expectations and outpaced growth forecasts from rivals.
Analyst expectations on HCLTech's forecast dropped to 0-2% after peer Infosys INFY.NS forecast a revenue growth of flat to 3% for the current fiscal last year.
"In a season with a succession of misses and underwhelming pre-tariff expectations, HCLTech's in-line results and forecast is a rare feat and best among peers," said JP Morgan analysts.
Shares of HCL Tech were trading up 7.2% as of 9:44 a.m. IST.
($1 = 85.2510 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected] (+91 7982114624))
Corrects typographical error in paragraph 5 to say "pre-tariff"
BENGALURU, April 23 (Reuters) - India's HCL Tech HCLT.NS gained 7% on Wednesday, a day after the country's no. 3 IT services firm forecast revenue growth outlook that beat analyst expectations.
The stock was on track for its best day since September 2020, leading gains on the Nifty IT index .NIFTYIT and the benchmark Nifty 50 .NSEI, which rose 3% and 0.4%, respectively.
While the company's quarterly revenue was slightly below estimates, its 2% to 5% growth forecast for fiscal 2026 topped analyst expectations and outpaced growth forecasts from rivals.
Analyst expectations on HCLTech's forecast dropped to 0-2% after peer Infosys INFY.NS forecast a revenue growth of flat to 3% for the current fiscal last year.
"In a season with a succession of misses and underwhelming pre-tariff expectations, HCLTech's in-line results and forecast is a rare feat and best among peers," said JP Morgan analysts.
Shares of HCL Tech were trading up 7.2% as of 9:44 a.m. IST.
($1 = 85.2510 Indian rupees)
(Reporting by Ashish Chandra in Bengaluru; Editing by Nivedita Bhattacharjee)
(([email protected] (+91 7982114624))
DIARY-India economic, corporate events on April 22
BENGALURU, April 22 Reuters - Diary of India economic, corporate events on April 22
ECONOMIC, CORPORATE .BSE500 EVENTS:
Start Date | Start Time | RIC | Company Name | Event Name |
22-Apr-2025 | NTS | AUFI.NS | AU Small Finance Bank Ltd | Q4 2025 AU Small Finance Bank Ltd Earnings Release |
22-Apr-2025 | NTS | HVEL.NS | Havells India Ltd | Q4 2025 Havells India Ltd Earnings Release |
22-Apr-2025 | AMC | HCLT.NS | HCL Technologies Ltd | Q4 2025 HCL Technologies Ltd Earnings Release |
22-Apr-2025 | NTS | MMFS.NS | Mahindra and Mahindra Financial Services Ltd | Q4 2025 Mahindra and Mahindra Financial Services Ltd Earnings Release |
22-Apr-2025 | NTS | TATA.NS | Tata Communications Ltd | Q4 2025 Tata Communications Ltd Earnings Release |
(Compiled by Bengaluru Newsroom)
BENGALURU, April 22 Reuters - Diary of India economic, corporate events on April 22
ECONOMIC, CORPORATE .BSE500 EVENTS:
Start Date | Start Time | RIC | Company Name | Event Name |
22-Apr-2025 | NTS | AUFI.NS | AU Small Finance Bank Ltd | Q4 2025 AU Small Finance Bank Ltd Earnings Release |
22-Apr-2025 | NTS | HVEL.NS | Havells India Ltd | Q4 2025 Havells India Ltd Earnings Release |
22-Apr-2025 | AMC | HCLT.NS | HCL Technologies Ltd | Q4 2025 HCL Technologies Ltd Earnings Release |
22-Apr-2025 | NTS | MMFS.NS | Mahindra and Mahindra Financial Services Ltd | Q4 2025 Mahindra and Mahindra Financial Services Ltd Earnings Release |
22-Apr-2025 | NTS | TATA.NS | Tata Communications Ltd | Q4 2025 Tata Communications Ltd Earnings Release |
(Compiled by Bengaluru Newsroom)
India's Wipro forecasts weak first quarter revenue, warns of cautious clients
Adds CEO comments from press conference, share price change from paragraph 3
By Sai Ishwarbharath B and Haripriya Suresh
BENGALURU, April 16 (Reuters) - Wipro WIPR.NS on Wednesday forecast a sequential decline in first-quarter revenue, joining bigger rival TCS TCS.NS in flagging demand uncertainties across India's $283 billion IT sector as shifting tariffs upend global industries and client decision-making.
U.S.-listed shares of India's fourth-largest IT services firm fell 5% at $2.71 in premarket trading after the company said it expects revenue in the April–June quarter to fall between 1.5% and 3.5%.
Wipro and other Indian IT companies have boosted revenue in the past decades by deploying engineers for tasks from app development to cybersecurity, but growth has slowed in recent years as more clients establish local operations to handle tech work in-house.
"Going from FY25 to FY26, the uncertainties have dramatically increased," chief executive CEO Srini Pallia said in a post-earnings conference, adding that the automotive and industrial segments were "really impacted" due to the U.S. tariff-related flip-flops.
Trump’s 25% automotive import tariffs took effect on April 3, causing shock waves across the industry since supplies come from all over the world.
Wipro, which counts Volkswagen VOWG.DE and Yamaha 7951.T as clients, saw revenue from its energy resources and manufacturing segment fall 7% in the quarter.
Industry leader TCS missed fourth-quarter earnings estimates last week and warned about clients delaying decision-making in discretionary projects.
Wipro's consolidated revenue rose 1.3% to 225.04 billion rupees ($2.63 billion) in the quarter-ended March, but missed analyst estimates of 226.21 billion rupees, as per data compiled by LSEG. Net profit rose 26% to 35.7 billion rupees.
Mumbai-based brokerage firm Dolat Capital had expected Wipro's June-quarter revenue to range from a 1% drop to 1% growth, said analyst Rahul Jain.
Revenue in three out of the company's five verticals fell during the quarter, while deal wins stood at $4 billion, compared to $3.61 billion last year.
Wipro said its deal pipeline across U.S. and Europe was expected to be strong in the medium term despite the macro overhang.
India's second-largest IT firm Infosys INFY.NS reports results on Thursday while third-largest firm HCLTech HCLT.NS will report next week.
($1 = 85.6410 Indian rupees)
(Reporting by Sai Ishwarbharath B; Editing by Nivedita Bhattacharjee)
Adds CEO comments from press conference, share price change from paragraph 3
By Sai Ishwarbharath B and Haripriya Suresh
BENGALURU, April 16 (Reuters) - Wipro WIPR.NS on Wednesday forecast a sequential decline in first-quarter revenue, joining bigger rival TCS TCS.NS in flagging demand uncertainties across India's $283 billion IT sector as shifting tariffs upend global industries and client decision-making.
U.S.-listed shares of India's fourth-largest IT services firm fell 5% at $2.71 in premarket trading after the company said it expects revenue in the April–June quarter to fall between 1.5% and 3.5%.
Wipro and other Indian IT companies have boosted revenue in the past decades by deploying engineers for tasks from app development to cybersecurity, but growth has slowed in recent years as more clients establish local operations to handle tech work in-house.
"Going from FY25 to FY26, the uncertainties have dramatically increased," chief executive CEO Srini Pallia said in a post-earnings conference, adding that the automotive and industrial segments were "really impacted" due to the U.S. tariff-related flip-flops.
Trump’s 25% automotive import tariffs took effect on April 3, causing shock waves across the industry since supplies come from all over the world.
Wipro, which counts Volkswagen VOWG.DE and Yamaha 7951.T as clients, saw revenue from its energy resources and manufacturing segment fall 7% in the quarter.
Industry leader TCS missed fourth-quarter earnings estimates last week and warned about clients delaying decision-making in discretionary projects.
Wipro's consolidated revenue rose 1.3% to 225.04 billion rupees ($2.63 billion) in the quarter-ended March, but missed analyst estimates of 226.21 billion rupees, as per data compiled by LSEG. Net profit rose 26% to 35.7 billion rupees.
Mumbai-based brokerage firm Dolat Capital had expected Wipro's June-quarter revenue to range from a 1% drop to 1% growth, said analyst Rahul Jain.
Revenue in three out of the company's five verticals fell during the quarter, while deal wins stood at $4 billion, compared to $3.61 billion last year.
Wipro said its deal pipeline across U.S. and Europe was expected to be strong in the medium term despite the macro overhang.
India's second-largest IT firm Infosys INFY.NS reports results on Thursday while third-largest firm HCLTech HCLT.NS will report next week.
($1 = 85.6410 Indian rupees)
(Reporting by Sai Ishwarbharath B; Editing by Nivedita Bhattacharjee)
HCLTech Achieves Three Key Google Cloud Partner Specializations
April 11 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH ACHIEVES THREE KEY GOOGLE CLOUD PARTNER SPECIALIZATIONS
Source text: ID:nBSE8yNFWk
Further company coverage: HCLT.NS
(([email protected];;))
April 11 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH ACHIEVES THREE KEY GOOGLE CLOUD PARTNER SPECIALIZATIONS
Source text: ID:nBSE8yNFWk
Further company coverage: HCLT.NS
(([email protected];;))
India's TCS misses fourth-quarter revenue estimates
BENGALURU, April 10 (Reuters) - India's largest software services provider Tata Consultancy Services TCS.NS posted lower-than-expected revenue for the fourth quarter due to persistent weakness in North America, its largest market.
The company's consolidated revenue rose 5.3% to 644.79 billion rupees ($7.49 billion) in the quarter. Analysts, on average, expected 647.58 billion rupees, per data compiled by LSEG.
($1 = 86.1390 Indian rupees)
(Reporting by Haripriya Suresh; Editing by Devika Syamnath)
(([email protected];))
BENGALURU, April 10 (Reuters) - India's largest software services provider Tata Consultancy Services TCS.NS posted lower-than-expected revenue for the fourth quarter due to persistent weakness in North America, its largest market.
The company's consolidated revenue rose 5.3% to 644.79 billion rupees ($7.49 billion) in the quarter. Analysts, on average, expected 647.58 billion rupees, per data compiled by LSEG.
($1 = 86.1390 Indian rupees)
(Reporting by Haripriya Suresh; Editing by Devika Syamnath)
(([email protected];))
REFILE-Indian IT firms brace for impact as tariffs fan US recession fears
Corrects syntax in paragraph 1
By Haripriya Suresh
BENGALURU, April 4 (Reuters) - India's $283-billion IT sector should brace for a rough year ahead as tariffs are likely to stoke inflation in its key U.S. market and force clients to cut spending, analysts said.
Although President Donald Trump did not impose direct tariffs on IT services, Indian firms are expected to feel the heat as clients, especially in manufacturing, logistics and retail sectors, adjust to the new levies.
That could slow deal cycles, delay existing projects and hurt revenue growth, analysts said. Bernstein and ICICI Securities rushed to cut their ratings on the Indian IT sector soon after the tariff announcement.
The tariffs come at a time the sector was counting on Trump to revive client confidence and discretionary spending after years of weak revenue growth.
The U.S. accounts for more than half of India's $190 billion software exports, making the sector sensitive to shifts in spending confidence among businesses in the world's largest economy. J.P.Morgan on Friday lifted global and U.S. recession odds to 60% after Trump's tariff announcement.
"With a rising risk of U.S. recession and uncertain decision-making, we think chances of fiscal 2026 being a complete washout are rising," J.P. Morgan said in a note on Friday, without giving specific numbers.
At least six analysts expect Indian IT firms to issue a "conservative" annual revenue growth forecast when quarterly results start next week.
Companies with a greater exposure to discretionary spending are expected to bear the brunt of any tariff-fueled slowdown.
"Discretionary IT spend will likely see an impact across the industry verticals. Companies to get impacted will typically be the high-growth companies in the large caps and some of the mid-caps where the exposure usually is much higher on the discretionary side," BNP Paribas analyst Kumar Rakesh said.
He added the impact of a potential slowdown could be apparent by the September quarter.
India's Nifty IT index .NIFTYIT fell 3.6% on Friday to take its losses for the week to 9.15%, the steepest weekly fall for the index in more than five years.
Geographical breakup of revenues of IT companies. https://reut.rs/4jaQGFs
Indian IT firms exposure to verticals https://reut.rs/42gWcjc
(Reporting by Haripriya Suresh; Editing by Dhanya Skariachan, Sonia Cheema and Saumyadeb Chakrabarty)
(([email protected];))
Corrects syntax in paragraph 1
By Haripriya Suresh
BENGALURU, April 4 (Reuters) - India's $283-billion IT sector should brace for a rough year ahead as tariffs are likely to stoke inflation in its key U.S. market and force clients to cut spending, analysts said.
Although President Donald Trump did not impose direct tariffs on IT services, Indian firms are expected to feel the heat as clients, especially in manufacturing, logistics and retail sectors, adjust to the new levies.
That could slow deal cycles, delay existing projects and hurt revenue growth, analysts said. Bernstein and ICICI Securities rushed to cut their ratings on the Indian IT sector soon after the tariff announcement.
The tariffs come at a time the sector was counting on Trump to revive client confidence and discretionary spending after years of weak revenue growth.
The U.S. accounts for more than half of India's $190 billion software exports, making the sector sensitive to shifts in spending confidence among businesses in the world's largest economy. J.P.Morgan on Friday lifted global and U.S. recession odds to 60% after Trump's tariff announcement.
"With a rising risk of U.S. recession and uncertain decision-making, we think chances of fiscal 2026 being a complete washout are rising," J.P. Morgan said in a note on Friday, without giving specific numbers.
At least six analysts expect Indian IT firms to issue a "conservative" annual revenue growth forecast when quarterly results start next week.
Companies with a greater exposure to discretionary spending are expected to bear the brunt of any tariff-fueled slowdown.
"Discretionary IT spend will likely see an impact across the industry verticals. Companies to get impacted will typically be the high-growth companies in the large caps and some of the mid-caps where the exposure usually is much higher on the discretionary side," BNP Paribas analyst Kumar Rakesh said.
He added the impact of a potential slowdown could be apparent by the September quarter.
India's Nifty IT index .NIFTYIT fell 3.6% on Friday to take its losses for the week to 9.15%, the steepest weekly fall for the index in more than five years.
Geographical breakup of revenues of IT companies. https://reut.rs/4jaQGFs
Indian IT firms exposure to verticals https://reut.rs/42gWcjc
(Reporting by Haripriya Suresh; Editing by Dhanya Skariachan, Sonia Cheema and Saumyadeb Chakrabarty)
(([email protected];))
Hcltech Joins Samsung Advanced Foundry Ecosystem As A Design Solution Partner
March 27 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - JOINS SAMSUNG ADVANCED FOUNDRY ECOSYSTEM AS A DESIGN SOLUTION PARTNER
HCLTECH - TO OFFER COMPREHENSIVE APPLICATION-SPECIFIC INTEGRATED CIRCUIT DESIGN SERVICES
Source text: ID:nBSE221dQ4
Further company coverage: HCLT.NS
(([email protected];;))
March 27 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - JOINS SAMSUNG ADVANCED FOUNDRY ECOSYSTEM AS A DESIGN SOLUTION PARTNER
HCLTECH - TO OFFER COMPREHENSIVE APPLICATION-SPECIFIC INTEGRATED CIRCUIT DESIGN SERVICES
Source text: ID:nBSE221dQ4
Further company coverage: HCLT.NS
(([email protected];;))
Western Union Forms Strategic Partnership With Hcltech
March 24 (Reuters) - HCL Technologies Ltd HCLT.NS:
WESTERN UNION FORMS STRATEGIC PARTNERSHIP WITH HCLTECH
PARTNERSHIP TO TRANSITION TO AN AI LED PLATFORM OPERATING MODEL
Source text: ID:nnAPN2PKUF6
Further company coverage: HCLT.NS
(([email protected];))
March 24 (Reuters) - HCL Technologies Ltd HCLT.NS:
WESTERN UNION FORMS STRATEGIC PARTNERSHIP WITH HCLTECH
PARTNERSHIP TO TRANSITION TO AN AI LED PLATFORM OPERATING MODEL
Source text: ID:nnAPN2PKUF6
Further company coverage: HCLT.NS
(([email protected];))
Indian IT earnings likely to stutter in fiscal 2026 on US spending woes, analysts say
By Haripriya Suresh and Bharath Rajeswaran
BENGALURU, March 21 (Reuters) - India's information technology companies, among the worst-performing sectors this year, may not see a recovery in fiscal 2026, analysts said, after Accenture ACN.N flagged weak discretionary spending and demand in its quarterly report.
Accenture, the world's largest IT services player and a bellwether for the Indian IT industry, warned on Thursday that spending on discretionary projects in the quarter "was still constrained" and flagged no meaningful increase in client budgets.
Escalating global trade tensions following fresh U.S. tariffs on trading partners has sparked concerns over a slowdown in the United States - a key market for Indian IT companies.
"Whatever has happened in the last two months has created a higher level of uncertainty in terms of how the first half of fiscal 2026 will pan out and what impact it will have on the FY26 recovery rate," Amit Chandra, deputy vice president at HDFC Securities, told Reuters.
India's IT index is currently down 15.3% so far this year and is set for its worst quarter since June 2022. Top firms such as TCS TCS.NS, Wipro WIPR.NS, Infosys INFY.NS and HCLTech HCLT.NS lost between 11.2% and 18.1% this year.
Analysts at Kotak Institutional Equities said softening demand recovery and weak mega deal flow in fiscal 2025 will result in lower incremental revenue from mega deals in fiscal 2026 for Indian Tier-1 IT. "Companies will also face net headwinds from early stages of gen AI adoption," they said.
Citi Research has estimated that IT companies in its coverage could see revenue growth of 4% in fiscal 2026, similar to fiscal 2025, while Morgan Stanley expects growth assumption to be hurt due to subdued client spending.
According to Chandra, while banking, financial services, and insurance (BFSI) and healthcare verticals showed signs of recovery, the last two months' uncertainty has meant that clients across sectors are "going into a wait-and-watch mode", and can likely curtail spends.
Accenture also largely flagged delays and cancellations of new contracts in the U.S. due to the Trump administration's moves. However, while "Indian IT has limited exposure," according to Citi analysts, this can "increase competitive intensity in other segments".
Performance of India's IT companies in 2025 so far https://reut.rs/4kNRylg
India's IT index eyes worst quarterly performance in nearly three years https://reut.rs/4kMMrSg
Brokerages' estimates of organic revenue growth in Indian IT companies https://reut.rs/426FsLx
Summary of brokerages' view on India's Nifty IT stocks https://reut.rs/4iBRV0e
(Reporting by Haripriya Suresh and Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman)
(([email protected];))
By Haripriya Suresh and Bharath Rajeswaran
BENGALURU, March 21 (Reuters) - India's information technology companies, among the worst-performing sectors this year, may not see a recovery in fiscal 2026, analysts said, after Accenture ACN.N flagged weak discretionary spending and demand in its quarterly report.
Accenture, the world's largest IT services player and a bellwether for the Indian IT industry, warned on Thursday that spending on discretionary projects in the quarter "was still constrained" and flagged no meaningful increase in client budgets.
Escalating global trade tensions following fresh U.S. tariffs on trading partners has sparked concerns over a slowdown in the United States - a key market for Indian IT companies.
"Whatever has happened in the last two months has created a higher level of uncertainty in terms of how the first half of fiscal 2026 will pan out and what impact it will have on the FY26 recovery rate," Amit Chandra, deputy vice president at HDFC Securities, told Reuters.
India's IT index is currently down 15.3% so far this year and is set for its worst quarter since June 2022. Top firms such as TCS TCS.NS, Wipro WIPR.NS, Infosys INFY.NS and HCLTech HCLT.NS lost between 11.2% and 18.1% this year.
Analysts at Kotak Institutional Equities said softening demand recovery and weak mega deal flow in fiscal 2025 will result in lower incremental revenue from mega deals in fiscal 2026 for Indian Tier-1 IT. "Companies will also face net headwinds from early stages of gen AI adoption," they said.
Citi Research has estimated that IT companies in its coverage could see revenue growth of 4% in fiscal 2026, similar to fiscal 2025, while Morgan Stanley expects growth assumption to be hurt due to subdued client spending.
According to Chandra, while banking, financial services, and insurance (BFSI) and healthcare verticals showed signs of recovery, the last two months' uncertainty has meant that clients across sectors are "going into a wait-and-watch mode", and can likely curtail spends.
Accenture also largely flagged delays and cancellations of new contracts in the U.S. due to the Trump administration's moves. However, while "Indian IT has limited exposure," according to Citi analysts, this can "increase competitive intensity in other segments".
Performance of India's IT companies in 2025 so far https://reut.rs/4kNRylg
India's IT index eyes worst quarterly performance in nearly three years https://reut.rs/4kMMrSg
Brokerages' estimates of organic revenue growth in Indian IT companies https://reut.rs/426FsLx
Summary of brokerages' view on India's Nifty IT stocks https://reut.rs/4iBRV0e
(Reporting by Haripriya Suresh and Bharath Rajeswaran in Bengaluru; Editing by Janane Venkatraman)
(([email protected];))
HCLTech Launches Flexspace For AI PCS
March 19 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - LAUNCHES FLEXSPACE FOR AI PCS
Source text: [ID:]
Further company coverage: HCLT.NS
(([email protected];))
March 19 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - LAUNCHES FLEXSPACE FOR AI PCS
Source text: [ID:]
Further company coverage: HCLT.NS
(([email protected];))
Indian tech sector growth seen higher in FY25, to cross $300 billion in FY26, Nasscom says
Adds details
By Sai Ishwarbharath B and Haripriya Suresh
MUMBAI, Feb 24 (Reuters) - India's technology sector is expected to grow at a higher pace this fiscal year, driven by engineering research and development and the rising number of global capacity centres (GCC), or low-cost offshore hubs, industry body Nasscom said on Monday.
Nasscom expects the industry's revenue will grow 5.1% to $282.6 billion in fiscal 2025, compared with the previous fiscal's 4%, with revenue crossing $300 billion in fiscal 2026.
Software exports, comprising services and sale of products to clients, are expected to grow 4.6% to $224.4 billion in fiscal year 2025, the industry body said.
The sector is expected to add 126,000 jobs on a net basis, taking the total workforce to 5.8 million in fiscal year 2025, it added.
The industry's total headcount rose to 5.67 million in fiscal 2024 from 5.58 million a year earlier.
"Enhanced artificial intelligence implementation, the rise of Agentic AI, and the growing maturity of GCCs as value hubs are reshaping industry dynamics," said Sindhu Gangadharan, Chairperson, Nasscom.
Top Indian IT service providers such as Tata Consultancy Services TCS.NS, Infosys INFY.NS and HCLTech < HCLT.NS> have highlighted early signs of discretionary spending picking up and an improvement in the demand environment after a tepid 2024, in which growth nearly halved as clients held back spending and delayed decision making.
Agentic AI is considered the next frontier in artificial intelligence, allowing the system to operate autonomously and perform tasks on behalf of users through 'AI agents'.
AI's emergence has threatened to disrupt business models for Indian IT companies that largely serve clients in the United States for operations support, providing software as a service.
"The intersection of technology, geopolitics, and trade demands a bold response and enterprises must prioritise workforce tech transformation, build digital trust, and foster resilience to drive sustainable growth," Gangadharan said.
(Writing by Sethuraman NR; Editing by Janane Venkatraman)
(([email protected];))
Adds details
By Sai Ishwarbharath B and Haripriya Suresh
MUMBAI, Feb 24 (Reuters) - India's technology sector is expected to grow at a higher pace this fiscal year, driven by engineering research and development and the rising number of global capacity centres (GCC), or low-cost offshore hubs, industry body Nasscom said on Monday.
Nasscom expects the industry's revenue will grow 5.1% to $282.6 billion in fiscal 2025, compared with the previous fiscal's 4%, with revenue crossing $300 billion in fiscal 2026.
Software exports, comprising services and sale of products to clients, are expected to grow 4.6% to $224.4 billion in fiscal year 2025, the industry body said.
The sector is expected to add 126,000 jobs on a net basis, taking the total workforce to 5.8 million in fiscal year 2025, it added.
The industry's total headcount rose to 5.67 million in fiscal 2024 from 5.58 million a year earlier.
"Enhanced artificial intelligence implementation, the rise of Agentic AI, and the growing maturity of GCCs as value hubs are reshaping industry dynamics," said Sindhu Gangadharan, Chairperson, Nasscom.
Top Indian IT service providers such as Tata Consultancy Services TCS.NS, Infosys INFY.NS and HCLTech < HCLT.NS> have highlighted early signs of discretionary spending picking up and an improvement in the demand environment after a tepid 2024, in which growth nearly halved as clients held back spending and delayed decision making.
Agentic AI is considered the next frontier in artificial intelligence, allowing the system to operate autonomously and perform tasks on behalf of users through 'AI agents'.
AI's emergence has threatened to disrupt business models for Indian IT companies that largely serve clients in the United States for operations support, providing software as a service.
"The intersection of technology, geopolitics, and trade demands a bold response and enterprises must prioritise workforce tech transformation, build digital trust, and foster resilience to drive sustainable growth," Gangadharan said.
(Writing by Sethuraman NR; Editing by Janane Venkatraman)
(([email protected];))
HCLTech Says Chargepoint Collaborates With Co
Feb 6 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - CHARGEPOINT COLLABORATES WITH HCLTECH
Source text: [ID:]
Further company coverage: HCLT.NS
(([email protected];;))
Feb 6 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - CHARGEPOINT COLLABORATES WITH HCLTECH
Source text: [ID:]
Further company coverage: HCLT.NS
(([email protected];;))
HCL Technologies Selected By Salesforce As Agentforce Partner
Jan 24 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH SELECTED BY SALESFORCE AS AGENTFORCE PARTNER
TO LEVERAGE SALESFORCE EXPERTISE FOR AI-DRIVEN AGENTS
Source text: ID:nBSE8w9YJ0
Further company coverage: HCLT.NS
(([email protected];;))
Jan 24 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH SELECTED BY SALESFORCE AS AGENTFORCE PARTNER
TO LEVERAGE SALESFORCE EXPERTISE FOR AI-DRIVEN AGENTS
Source text: ID:nBSE8w9YJ0
Further company coverage: HCLT.NS
(([email protected];;))
HCLTech Expands Footprint In Hyderabad
Jan 21 (Reuters) - HCL Technologies Ltd HCLT.NS:
EXPANDS FOOTPRINT IN HYDERABAD
NEW CENTER IN HYDERABAD TO HOUSE 5,000 PEOPLE
Source text: ID:nNSEb96ws7
Further company coverage: HCLT.NS
(([email protected];;))
Jan 21 (Reuters) - HCL Technologies Ltd HCLT.NS:
EXPANDS FOOTPRINT IN HYDERABAD
NEW CENTER IN HYDERABAD TO HOUSE 5,000 PEOPLE
Source text: ID:nNSEb96ws7
Further company coverage: HCLT.NS
(([email protected];;))
Events:
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Bonus
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
Bonus
Dividend
Dividend
Dividend
Dividend
Dividend
Dividend
More Large Cap Ideas
See similar 'Large' cap companies with recent activity
Promoter Buying
Companies where the promoters are bullish
Capex
Companies investing on expansion
Superstar Investor
Companies where well known investors have invested
Popular questions
-
Business
-
Financials
-
Share Price
-
Shareholdings
What does HCL Tech. do?
HCL Technologies offers IT services, engineering & R&D services, and software products, with a focus on digital, engineering, cloud, and AI services in industries like Financial Services, Manufacturing, Healthcare, Retail, and Technology & Telecom.
Who are the competitors of HCL Tech.?
HCL Tech. major competitors are Wipro, Infosys, LTIMindtree, Tech Mahindra, Persistent Systems, Oracle Finl. Service, Coforge. Market Cap of HCL Tech. is ₹4,00,754 Crs. While the median market cap of its peers are ₹1,43,224 Crs.
Is HCL Tech. financially stable compared to its competitors?
HCL Tech. seems to be less financially stable compared to its competitors. Altman Z score of HCL Tech. is 11.02 and is ranked 5 out of its 8 competitors.
Does HCL Tech. pay decent dividends?
The company seems to pay a good stable dividend. HCL Tech. latest dividend payout ratio is 89.91% and 3yr average dividend payout ratio is 87.38%
How has HCL Tech. allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is HCL Tech. balance sheet?
Balance sheet of HCL Tech. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of HCL Tech. improving?
Yes, profit is increasing. The profit of HCL Tech. is ₹16,984 Crs for TTM, ₹15,702 Crs for Mar 2024 and ₹14,851 Crs for Mar 2023.
Is the debt of HCL Tech. increasing or decreasing?
Yes, The net debt of HCL Tech. is increasing. Latest net debt of HCL Tech. is -₹18,998 Crs as of Mar-25. This is greater than Mar-24 when it was -₹37,650 Crs.
Is HCL Tech. stock expensive?
HCL Tech. is not expensive. Latest PE of HCL Tech. is 23.61, while 3 year average PE is 24.38. Also latest EV/EBITDA of HCL Tech. is 14.83 while 3yr average is 14.99.
Has the share price of HCL Tech. grown faster than its competition?
HCL Tech. has given better returns compared to its competitors. HCL Tech. has grown at ~15.53% over the last 9yrs while peers have grown at a median rate of 12.7%
Is the promoter bullish about HCL Tech.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in HCL Tech. is 60.81% and last quarter promoter holding is 60.81%.
Are mutual funds buying/selling HCL Tech.?
The mutual fund holding of HCL Tech. is increasing. The current mutual fund holding in HCL Tech. is 8.44% while previous quarter holding is 8.35%.