HCLTECH
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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];;))
India's HCLTech gains on sector-leading FY26 revenue growth forecast
** HCL Technolgies HCLT.NS rise 6.4% to 1575 rupees, their biggest one-day gain since Sept. 2020, leading gains on IT index .NIFTYIT, which is up 3.2%
** IT services co's FY26 2-5% rev growth forecast a positive surprise despite soft Q4 -UBS ("buy;" PT 1900 rupees)
** JP Morgan ("neutral;" PT:1700 rupees): co's results, forecast a rare feat, best among peers, in a season of disappointing earnings, guidances
** While co called out caution in macro environment with potential pressures on discretionary spends, hasn't seen any of this impact yet - Goldman Sachs ("neutral;" PT:1570 rupees)
** Ambit Capital ("sell;" TP:1450 rupees) expects HCL Tech to outperform peers TCS TCS.NS, Infosys INFY.NS due to its stronger mix in cloud, infra, products, likely ER&D rebound
(Reporting by Aleef Jahan in Bengaluru)
** HCL Technolgies HCLT.NS rise 6.4% to 1575 rupees, their biggest one-day gain since Sept. 2020, leading gains on IT index .NIFTYIT, which is up 3.2%
** IT services co's FY26 2-5% rev growth forecast a positive surprise despite soft Q4 -UBS ("buy;" PT 1900 rupees)
** JP Morgan ("neutral;" PT:1700 rupees): co's results, forecast a rare feat, best among peers, in a season of disappointing earnings, guidances
** While co called out caution in macro environment with potential pressures on discretionary spends, hasn't seen any of this impact yet - Goldman Sachs ("neutral;" PT:1570 rupees)
** Ambit Capital ("sell;" TP:1450 rupees) expects HCL Tech to outperform peers TCS TCS.NS, Infosys INFY.NS due to its stronger mix in cloud, infra, products, likely ER&D rebound
(Reporting by Aleef Jahan in Bengaluru)
PREVIEW-India's HCLTech inches up ahead of Q4 results
** HCLTech HCLT.NS gains 0.4% ahead of Q4 results due later in the day
** Analysts, on avg, expect Q4 consolidated rev to grow 6.2% to 302.75 bln rupees ($3.56 bln), profit to rise 9.3% to 43.56 bln rupees - data compiled by LSEG
** But, brokerage Nirmal Bang expects HCLT margins to take a hit due to wage hikes and sees sequential decline in deal wins
** Rivals Infosys INFY.NS, Wipro WIPR.NS, TCS TCS.NS have missed Q4 estimates and said tariff-related caution would weigh on client spending
** Jefferies says this wait-and-watch approach will last longer, weighing on large IT firms' revenue
** Analysts on avg rate HCLTech, Wipro "hold" and Infosys, TCS "buy" -data compiled by LSEG
** HCLTech and Wiro have fallen ~22% YTD, between TCS's 18% drop and Infosys' 25% decline
** HCLT, INFY have a F12M PE of ~21; WIPR at 18 and TCS 23
($1 = 85.0790 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** HCLTech HCLT.NS gains 0.4% ahead of Q4 results due later in the day
** Analysts, on avg, expect Q4 consolidated rev to grow 6.2% to 302.75 bln rupees ($3.56 bln), profit to rise 9.3% to 43.56 bln rupees - data compiled by LSEG
** But, brokerage Nirmal Bang expects HCLT margins to take a hit due to wage hikes and sees sequential decline in deal wins
** Rivals Infosys INFY.NS, Wipro WIPR.NS, TCS TCS.NS have missed Q4 estimates and said tariff-related caution would weigh on client spending
** Jefferies says this wait-and-watch approach will last longer, weighing on large IT firms' revenue
** Analysts on avg rate HCLTech, Wipro "hold" and Infosys, TCS "buy" -data compiled by LSEG
** HCLTech and Wiro have fallen ~22% YTD, between TCS's 18% drop and Infosys' 25% decline
** HCLT, INFY have a F12M PE of ~21; WIPR at 18 and TCS 23
($1 = 85.0790 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
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];))
India's IT sector should overhaul business, create own language models, HCLTech CEO says
By Haripriya Suresh and Akash Sriram
MUMBAI, Feb 24 (Reuters) - Indian IT firms need to rethink how they operate and the country needs to create its own language models as artificial intelligence technologies disrupt the sector, according to HCLTech HCLT.NS CEO C Vijayakumar.
The generative AI boom 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 underlying themes are not the same as cloud and digitization and other things ... This is very different. The changes that AI is assuring are very different, and we need to be more proactive to even categorize our revenues to create completely new businesses," Vijayakumar said at an industry event in Mumbai.
Generative AI, which can write code for software among a plethora of tasks, is expected to speed up the timeline to develop products, improving efficiency of a company's workforce.
For an example, a five-year technology transformational program valued at about $1 billion at a very large financial services firm could be done in three-and-a-half years, Vijayakumar said.
He also said India should build its own language models to cut down dependency on other countries and avoid impact from geopolitical issues.
Large language models are trained on massive amounts of data to generate text and other content.
"We should not assume that these (language) models will continue to be open source. I think these are going to be the coins on which the geopolitics is going to be played off," Vijayakumar said, adding that countries could limit some usage beyond their boundaries.
"To have a long-term competitive advantage, it makes a lot of sense to build and the costs are coming down. We need to find ways to very economically create a training infrastructure to train the models," he said.
IT industry executives also said the sector needs to avoid complacency to adapt and overcome challenges.
"I think we have to be paranoid. We have to be non-complacent. That is the way we can manage to keep up with what's going on in the industry," Infosys INFY.NS CEO Salil Parekh said.
(Reporting by Haripriya, Akash Sriram, writing by Sethuraman NR; Editing by Shilpi Majumdar)
(([email protected]; On X as @HoodieOnVeshti; +91-99017-77617;))
By Haripriya Suresh and Akash Sriram
MUMBAI, Feb 24 (Reuters) - Indian IT firms need to rethink how they operate and the country needs to create its own language models as artificial intelligence technologies disrupt the sector, according to HCLTech HCLT.NS CEO C Vijayakumar.
The generative AI boom 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 underlying themes are not the same as cloud and digitization and other things ... This is very different. The changes that AI is assuring are very different, and we need to be more proactive to even categorize our revenues to create completely new businesses," Vijayakumar said at an industry event in Mumbai.
Generative AI, which can write code for software among a plethora of tasks, is expected to speed up the timeline to develop products, improving efficiency of a company's workforce.
For an example, a five-year technology transformational program valued at about $1 billion at a very large financial services firm could be done in three-and-a-half years, Vijayakumar said.
He also said India should build its own language models to cut down dependency on other countries and avoid impact from geopolitical issues.
Large language models are trained on massive amounts of data to generate text and other content.
"We should not assume that these (language) models will continue to be open source. I think these are going to be the coins on which the geopolitics is going to be played off," Vijayakumar said, adding that countries could limit some usage beyond their boundaries.
"To have a long-term competitive advantage, it makes a lot of sense to build and the costs are coming down. We need to find ways to very economically create a training infrastructure to train the models," he said.
IT industry executives also said the sector needs to avoid complacency to adapt and overcome challenges.
"I think we have to be paranoid. We have to be non-complacent. That is the way we can manage to keep up with what's going on in the industry," Infosys INFY.NS CEO Salil Parekh said.
(Reporting by Haripriya, Akash Sriram, writing by Sethuraman NR; Editing by Shilpi Majumdar)
(([email protected]; On X as @HoodieOnVeshti; +91-99017-77617;))
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];;))
India's Wipro eyes best day in four years on echoing IT peers' demand revival hopes
Stock among top three gainers on Nifty 50
CEO sees improved discretionary spending in 2025
16 brokerages hike price targets, 8 raise ratings
Adds margins, revenue forecast, analyst comment
By Manvi Pant
Jan 20 (Reuters) - Wipro's shares WIPR.NS surged about 8% on Monday, set for their best day in nearly four years, after India's No. 4 IT services company joined its peers in signaling a revival in demand.
The company beat third-quarter profit estimates on Friday and forecast revenue in the current quarter could increase sequentially by up to 1%, compared with no growth last quarter, with CEO Srinivas Pallia saying, "We see discretionary spending slowly coming back" after macroeconomic challenges in 2024.
"The guidance is an improvement from the previous quarter, while the deal bookings, that include small- to mid-sized deals, indicate some revival in discretionary tech spending," said Piyush Pandey, an analyst at Centrum Broking.
Wipro's shares were also among the top percentage gainers on the benchmark Nifty 50 .NSEI index, which was trading flat. At least eight brokerages raised their rating on Wipro's stock, while 16 raised their price targets, as per LSEG data.
The company's forecast of a more promising 2025 echoed the view of larger peers TCS TCS.NS, Infosys INFY.NS and HCLTech HCLT.NS after the $254 billion IT services sector's growth was strangled for several quarters by clients reining in spending due to macroeconomic uncertainties and inflationary pressures.
Wipro's 11% increase in latest-quarter revenue from the BFSI (banking, financial services and insurance) segment, which accounts for about a third of total revenue, shows a pick up in discretionary spending, Jefferies analysts said in a note.
Asian Market Securities' analysts said Wipro's operating margin spiking to a three-year high of 17.5% was much faster than they anticipated and driven by rigour in deal execution.
Wipro expects revenue could range between a drop of 1% and an increase of 1% sequentially in the current quarter.
($1 = 86.4390 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Savio D'Souza)
(([email protected]; +918447554364;))
Stock among top three gainers on Nifty 50
CEO sees improved discretionary spending in 2025
16 brokerages hike price targets, 8 raise ratings
Adds margins, revenue forecast, analyst comment
By Manvi Pant
Jan 20 (Reuters) - Wipro's shares WIPR.NS surged about 8% on Monday, set for their best day in nearly four years, after India's No. 4 IT services company joined its peers in signaling a revival in demand.
The company beat third-quarter profit estimates on Friday and forecast revenue in the current quarter could increase sequentially by up to 1%, compared with no growth last quarter, with CEO Srinivas Pallia saying, "We see discretionary spending slowly coming back" after macroeconomic challenges in 2024.
"The guidance is an improvement from the previous quarter, while the deal bookings, that include small- to mid-sized deals, indicate some revival in discretionary tech spending," said Piyush Pandey, an analyst at Centrum Broking.
Wipro's shares were also among the top percentage gainers on the benchmark Nifty 50 .NSEI index, which was trading flat. At least eight brokerages raised their rating on Wipro's stock, while 16 raised their price targets, as per LSEG data.
The company's forecast of a more promising 2025 echoed the view of larger peers TCS TCS.NS, Infosys INFY.NS and HCLTech HCLT.NS after the $254 billion IT services sector's growth was strangled for several quarters by clients reining in spending due to macroeconomic uncertainties and inflationary pressures.
Wipro's 11% increase in latest-quarter revenue from the BFSI (banking, financial services and insurance) segment, which accounts for about a third of total revenue, shows a pick up in discretionary spending, Jefferies analysts said in a note.
Asian Market Securities' analysts said Wipro's operating margin spiking to a three-year high of 17.5% was much faster than they anticipated and driven by rigour in deal execution.
Wipro expects revenue could range between a drop of 1% and an increase of 1% sequentially in the current quarter.
($1 = 86.4390 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Savio D'Souza)
(([email protected]; +918447554364;))
India's Infosys shares fall on worries about quality of earnings
Stock bottoms Nifty 50, set for worst session in 1-1/2 yrs
Deal pipeline signals slower pace of demand recovery - Morgan Stanley
Analysts await further evidence on discretionary spends - analyst
Adds details on forecast, analyst comment, background on peers
By Indranil Sarkar and Manvi Pant
Jan 17 (Reuters) - Shares of India's No. 2 software services exporter Infosys INFY.NS fell nearly 6% on Friday and were set for their biggest one-day decline since July 2023, as analysts raised concerns about the quality of earnings following its third-quarter report.
The stock was down 5.7% as of 11:49 a.m. IST, and was the top drag on the IT index .NIFTYIT and the benchmark Nifty 50 .NSEI, which declined 2.5% and 0.7% respectively.
Its U.S.-listed shares INFY.N fell about 6% overnight.
Infosys on Thursday raised its annual revenue forecast for the third time this financial year as its U.S. banking and retail clients warmed up to spending more on discretionary projects, echoing Tata Consultancy Services TCS.NS and HCLTech HCLT.NS.
However, analysts were concerned about the "quality" of the earnings report, which overshadowed the outlook.
The revenue growth was driven by a higher component of "third-party items" in Infosys' deal pipeline, "which drove concerns around the quality of the beat and raise", Morgan Stanley analysts said in a note.
"Given that the commentary on small deals pipeline is not showing any meaningful signs of inflection, we now assume the (industry-wide) recovery to be more gradual than before," they said.
Small deals comprise more than two-thirds of the company's total deal intake, according to BofA Global Research.
Markets are awaiting further evidence of uptick in discretionary spending, not just commentary from IT companies, said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.
Infosys shares gained 22.5% in 2024, outperforming TCS and LTIMindtree LTIM.NS, but trailed behind HCLTech, which rose 31%.
(Reporting by Indranil Sarkar and Manvi Pant in Bengaluru, additional reporting by Anuran Sadhu; Editing by Mrigank Dhaniwala and Varun H K)
(([email protected]; +918447554364;))
Stock bottoms Nifty 50, set for worst session in 1-1/2 yrs
Deal pipeline signals slower pace of demand recovery - Morgan Stanley
Analysts await further evidence on discretionary spends - analyst
Adds details on forecast, analyst comment, background on peers
By Indranil Sarkar and Manvi Pant
Jan 17 (Reuters) - Shares of India's No. 2 software services exporter Infosys INFY.NS fell nearly 6% on Friday and were set for their biggest one-day decline since July 2023, as analysts raised concerns about the quality of earnings following its third-quarter report.
The stock was down 5.7% as of 11:49 a.m. IST, and was the top drag on the IT index .NIFTYIT and the benchmark Nifty 50 .NSEI, which declined 2.5% and 0.7% respectively.
Its U.S.-listed shares INFY.N fell about 6% overnight.
Infosys on Thursday raised its annual revenue forecast for the third time this financial year as its U.S. banking and retail clients warmed up to spending more on discretionary projects, echoing Tata Consultancy Services TCS.NS and HCLTech HCLT.NS.
However, analysts were concerned about the "quality" of the earnings report, which overshadowed the outlook.
The revenue growth was driven by a higher component of "third-party items" in Infosys' deal pipeline, "which drove concerns around the quality of the beat and raise", Morgan Stanley analysts said in a note.
"Given that the commentary on small deals pipeline is not showing any meaningful signs of inflection, we now assume the (industry-wide) recovery to be more gradual than before," they said.
Small deals comprise more than two-thirds of the company's total deal intake, according to BofA Global Research.
Markets are awaiting further evidence of uptick in discretionary spending, not just commentary from IT companies, said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.
Infosys shares gained 22.5% in 2024, outperforming TCS and LTIMindtree LTIM.NS, but trailed behind HCLTech, which rose 31%.
(Reporting by Indranil Sarkar and Manvi Pant in Bengaluru, additional reporting by Anuran Sadhu; Editing by Mrigank Dhaniwala and Varun H K)
(([email protected]; +918447554364;))
India's Infosys ups annual revenue forecast on US demand revival
Recasts throughout; adds CEO, analyst comments
By Sai Ishwarbharath B, Hritam Mukherjee and Haripriya Suresh
BENGALURU, Jan 16 (Reuters) - India's No.2 software-services exporter Infosys INFY.NS raised its annual revenue forecast for the third time this financial year on Thursday as its U.S. banking and retail clients warmed up to spending more on discretionary projects.
The sentiment echoed that of market leader Tata Consultancy Services TCS.NS and smaller rival HCLTech HCLT.NS, which also highlighted early signs of discretionary spending picking up and an improvement in the demand environment.
"We are seeing an improvement in the retail and consumer product industry in the U.S. with discretionary challenges easing," CEO Salil Parekh said in a press conference.
The company expects its annual revenue to rise by 4.5%-5%, up from its prior outlook of 3.75%-4.5%.
The U.S. inflation outlook and the Federal Reserve's planned rate cuts also suggest that the U.S. market will "remain strong", Parekh added.
Infosys, which also topped analyst estimates for revenue and profit in the third quarter, reported a rise in North American revenue after five quarters. That market accounts for 60% of its total revenue.
Revenue in the October-December period rose 7.6% to 417.64 billion rupees ($4.83 billion), beating the analysts' average estimate of 412.78 billion rupees, data compiled by LSEG showed.
"The encouraging numbers aside, Infosys's results show significant positives, including the continued focus on large deals and strategic cost-takeout engagements," said Gaurav Parab, an analyst at tech research firm NelsonHall.
Parab also found Infosys's comments on Agentic AI, a technology that powers AI agents or bots, "encouraging".
Improved demand from U.S. clients helped all eight business segments at Infosys post higher growth, with its mainstay financial services arm notching 6.1% revenue growth.
That helped Infosys's third-quarter profit rise 11.4% to 68.06 billion rupees, topping the analysts' average estimate of 67.29 billion rupees.
Large order bookings, or deals over $50 million, stood at $2.5 billion during the quarter, versus $2.4 billion in the previous quarter and $3.2 billion in the year-ago period.
($1 = 86.5510 Indian rupees)
(Reporting by Sai Ishwarbharath B, Hritam Mukherjee and Haripriya Suresh; Editing by Savio D'Souza, Dhanya Skariachan and Janane Venkatraman)
Recasts throughout; adds CEO, analyst comments
By Sai Ishwarbharath B, Hritam Mukherjee and Haripriya Suresh
BENGALURU, Jan 16 (Reuters) - India's No.2 software-services exporter Infosys INFY.NS raised its annual revenue forecast for the third time this financial year on Thursday as its U.S. banking and retail clients warmed up to spending more on discretionary projects.
The sentiment echoed that of market leader Tata Consultancy Services TCS.NS and smaller rival HCLTech HCLT.NS, which also highlighted early signs of discretionary spending picking up and an improvement in the demand environment.
"We are seeing an improvement in the retail and consumer product industry in the U.S. with discretionary challenges easing," CEO Salil Parekh said in a press conference.
The company expects its annual revenue to rise by 4.5%-5%, up from its prior outlook of 3.75%-4.5%.
The U.S. inflation outlook and the Federal Reserve's planned rate cuts also suggest that the U.S. market will "remain strong", Parekh added.
Infosys, which also topped analyst estimates for revenue and profit in the third quarter, reported a rise in North American revenue after five quarters. That market accounts for 60% of its total revenue.
Revenue in the October-December period rose 7.6% to 417.64 billion rupees ($4.83 billion), beating the analysts' average estimate of 412.78 billion rupees, data compiled by LSEG showed.
"The encouraging numbers aside, Infosys's results show significant positives, including the continued focus on large deals and strategic cost-takeout engagements," said Gaurav Parab, an analyst at tech research firm NelsonHall.
Parab also found Infosys's comments on Agentic AI, a technology that powers AI agents or bots, "encouraging".
Improved demand from U.S. clients helped all eight business segments at Infosys post higher growth, with its mainstay financial services arm notching 6.1% revenue growth.
That helped Infosys's third-quarter profit rise 11.4% to 68.06 billion rupees, topping the analysts' average estimate of 67.29 billion rupees.
Large order bookings, or deals over $50 million, stood at $2.5 billion during the quarter, versus $2.4 billion in the previous quarter and $3.2 billion in the year-ago period.
($1 = 86.5510 Indian rupees)
(Reporting by Sai Ishwarbharath B, Hritam Mukherjee and Haripriya Suresh; Editing by Savio D'Souza, Dhanya Skariachan and Janane Venkatraman)
India's HCLTech tumbles nearly 10% after Q3 revenue miss
Stock bottoms Nifty 50, set for worst session since 2015
HCLTech climbed 31% in 2024, outperforming peers
CEO flags improving demand environment in 2025
Recasts throughout, adds milestone, analysts' comments
By Manvi Pant
Jan 14 (Reuters) - Shares of HCLTech HCLT.NS plunged nearly 10% on Tuesday, set for their worst session since September 2015, after India's No. 3 software services provider missed quarterly revenue estimates and raised only the lower end of its full-year sales outlook.
HCLTech was the top loser on the blue-chip Nifty 50 index .NSEI on the day, which gained 0.5% after a 1.5% fall in the previous session.
At least 11 brokerages cut ratings on the stock after HCLTech reported a 5.1% rise in consolidated revenue to 298.9 billion rupees ($3.45 billion), missing analysts' expectations of 300.68 billion rupees due to underperformance in its software business.
Four brokerages also cut their price targets on the shares, data compiled by LSEG showed.
The sharp fall in the share price comes despite HCLTech CEO C Vijayakumar's forecast of an improving demand environment in 2025, in line with comments by larger peer Tata Consultancy Services.
HCLTech also revised its revenue growth for fiscal year 2025 to 4.5%-5% from 3.5%-5% earlier, on account of acquisitions.
Goldman Sachs said that the mid-point of HCLTech's revenue guidance was marginally below its expectation, "a function of weaker software segment revenue growth and gradual ramp-up of some discretionary deals".
"Apart from the miss in revenue, fourth-quarter commentary is not as encouraging as the Street was expecting and no increase in the top end of the revenue guidance added to the decline," said Sanjeev Hota, vice president and head of research at Mirae Asset Sharekhan.
HCLTech's shares had outperformed their peers in 2024, climbing 31% compared to a 22% rise in the Nifty IT .NIFTYIT index.
Rivals Tata Consultancy Services TCS.NS and Infosys INFY.NS rose 8.5% and 22.5%, respectively, in 2024.
These stocks were down 0.31% and 0.61%, respectively, on the day.
($1 = 86.5160 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; +918447554364;))
Stock bottoms Nifty 50, set for worst session since 2015
HCLTech climbed 31% in 2024, outperforming peers
CEO flags improving demand environment in 2025
Recasts throughout, adds milestone, analysts' comments
By Manvi Pant
Jan 14 (Reuters) - Shares of HCLTech HCLT.NS plunged nearly 10% on Tuesday, set for their worst session since September 2015, after India's No. 3 software services provider missed quarterly revenue estimates and raised only the lower end of its full-year sales outlook.
HCLTech was the top loser on the blue-chip Nifty 50 index .NSEI on the day, which gained 0.5% after a 1.5% fall in the previous session.
At least 11 brokerages cut ratings on the stock after HCLTech reported a 5.1% rise in consolidated revenue to 298.9 billion rupees ($3.45 billion), missing analysts' expectations of 300.68 billion rupees due to underperformance in its software business.
Four brokerages also cut their price targets on the shares, data compiled by LSEG showed.
The sharp fall in the share price comes despite HCLTech CEO C Vijayakumar's forecast of an improving demand environment in 2025, in line with comments by larger peer Tata Consultancy Services.
HCLTech also revised its revenue growth for fiscal year 2025 to 4.5%-5% from 3.5%-5% earlier, on account of acquisitions.
Goldman Sachs said that the mid-point of HCLTech's revenue guidance was marginally below its expectation, "a function of weaker software segment revenue growth and gradual ramp-up of some discretionary deals".
"Apart from the miss in revenue, fourth-quarter commentary is not as encouraging as the Street was expecting and no increase in the top end of the revenue guidance added to the decline," said Sanjeev Hota, vice president and head of research at Mirae Asset Sharekhan.
HCLTech's shares had outperformed their peers in 2024, climbing 31% compared to a 22% rise in the Nifty IT .NIFTYIT index.
Rivals Tata Consultancy Services TCS.NS and Infosys INFY.NS rose 8.5% and 22.5%, respectively, in 2024.
These stocks were down 0.31% and 0.61%, respectively, on the day.
($1 = 86.5160 Indian rupees)
(Reporting by Manvi Pant in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; +918447554364;))
India's HCLTech misses Q3 revenue estimate
By Sai Ishwarbharath B
Jan 13 (Reuters) - HCLTech HCLT.NS, India's third-largest software company, posted a smaller-than-expected December-quarter revenue on Monday, with clients holding back discretionary tech spending amid macroeconomic uncertainties.
The company's consolidated revenue increased 5.1% to 298.9 billion rupees ($3.45 billion) in the third quarter, falling short of analysts' expectation of 300.68 billion rupees, as per LSEG data.
India's $254-billion IT services industry is usually on a weak footing in the December quarter as most clients scale down tech operations due to the holiday season in the United States and Europe.
($1 = 86.6770 Indian rupees)
(Reporting by Sai Ishwarbharath B; Editing by Eileen Soreng)
(([email protected];))
By Sai Ishwarbharath B
Jan 13 (Reuters) - HCLTech HCLT.NS, India's third-largest software company, posted a smaller-than-expected December-quarter revenue on Monday, with clients holding back discretionary tech spending amid macroeconomic uncertainties.
The company's consolidated revenue increased 5.1% to 298.9 billion rupees ($3.45 billion) in the third quarter, falling short of analysts' expectation of 300.68 billion rupees, as per LSEG data.
India's $254-billion IT services industry is usually on a weak footing in the December quarter as most clients scale down tech operations due to the holiday season in the United States and Europe.
($1 = 86.6770 Indian rupees)
(Reporting by Sai Ishwarbharath B; Editing by Eileen Soreng)
(([email protected];))
HCLTech Launches Innovation Lab For Sap Business AI In Germany
Dec 18 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - LAUNCHES INNOVATION LAB FOR SAP BUSINESS AI IN GERMANY
Source text: ID:nBSE6X5ZDg
Further company coverage: HCLT.NS
(([email protected];))
Dec 18 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - LAUNCHES INNOVATION LAB FOR SAP BUSINESS AI IN GERMANY
Source text: ID:nBSE6X5ZDg
Further company coverage: HCLT.NS
(([email protected];))
HCL Technologies Collaborates With Google Cloud
Dec 2 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH COLLABORATES WITH GOOGLE CLOUD
HCLTECH COLLABORATES WITH GOOGLE CLOUD FOR AI-DRIVEN SECURITY SOLUTIONS
Source text: ID:nBSE14VX4r
Further company coverage: HCLT.NS
(([email protected];;))
Dec 2 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH COLLABORATES WITH GOOGLE CLOUD
HCLTECH COLLABORATES WITH GOOGLE CLOUD FOR AI-DRIVEN SECURITY SOLUTIONS
Source text: ID:nBSE14VX4r
Further company coverage: HCLT.NS
(([email protected];;))
HCLTech Launches Enterprise Data Security Service In Collaboration With Intel
Nov 26 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - LAUNCHES ENTERPRISE DATA SECURITY SERVICE IN COLLABORATION WITH INTEL
Source text: ID:nBSEbLgVTr
Further company coverage: HCLT.NS
(([email protected];;))
Nov 26 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - LAUNCHES ENTERPRISE DATA SECURITY SERVICE IN COLLABORATION WITH INTEL
Source text: ID:nBSEbLgVTr
Further company coverage: HCLT.NS
(([email protected];;))
Hcltech Says Hclsoftware Appoints Vikrant Chowdhary As Senior Vice-President & Country Head For India
Nov 18 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLSOFTWARE APPOINTS VIKRANT CHOWDHARY AS SENIOR VICE-PRESIDENT & COUNTRY HEAD FOR INDIA
Source text: ID:nBSEFH5Hw
Further company coverage: HCLT.NS
(([email protected];))
Nov 18 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLSOFTWARE APPOINTS VIKRANT CHOWDHARY AS SENIOR VICE-PRESIDENT & COUNTRY HEAD FOR INDIA
Source text: ID:nBSEFH5Hw
Further company coverage: HCLT.NS
(([email protected];))
Hcltech Integrates AI Force With Github Copilot
Nov 11 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLTECH INTEGRATES AI FORCE WITH GITHUB COPILOT
Source text: ID:nBSE5lSLs2
Further company coverage: HCLT.NS
(([email protected];))
Nov 11 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - HCLTECH INTEGRATES AI FORCE WITH GITHUB COPILOT
Source text: ID:nBSE5lSLs2
Further company coverage: HCLT.NS
(([email protected];))
HCLTech Selected By Tasman District Council To Provide Contemporary Digital User Experiences
Nov 7 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - SELECTED BY TASMAN DISTRICT COUNCIL TO PROVIDE CONTEMPORARY DIGITAL USER EXPERIENCES
Source text: ID:nBSE6vGZxC
Further company coverage: HCLT.NS
(([email protected];))
Nov 7 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - SELECTED BY TASMAN DISTRICT COUNCIL TO PROVIDE CONTEMPORARY DIGITAL USER EXPERIENCES
Source text: ID:nBSE6vGZxC
Further company coverage: HCLT.NS
(([email protected];))
Hcltech Announces New Ai/Cloud Native Lab In Singapore
Nov 4 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH ANNOUNCES NEW AI/CLOUD NATIVE LAB IN SINGAPORE IN PARTNERSHIP WITH SINGAPORE ECONOMIC DEVELOPMENT BOARD
HCLTECH - HCLTECH ANNOUNCES NEW AI/CLOUD NATIVE LAB IN SINGAPORE
HCLTECH - AI/CLOUD NATIVE LAB IN SINGAPORE IN PARTNERSHIP WITH SINGAPORE ECONOMIC DEVELOPMENT BOARD
Source text: [ID:]
Further company coverage: HCLT.NS
(([email protected];))
Nov 4 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH ANNOUNCES NEW AI/CLOUD NATIVE LAB IN SINGAPORE IN PARTNERSHIP WITH SINGAPORE ECONOMIC DEVELOPMENT BOARD
HCLTECH - HCLTECH ANNOUNCES NEW AI/CLOUD NATIVE LAB IN SINGAPORE
HCLTECH - AI/CLOUD NATIVE LAB IN SINGAPORE IN PARTNERSHIP WITH SINGAPORE ECONOMIC DEVELOPMENT BOARD
Source text: [ID:]
Further company coverage: HCLT.NS
(([email protected];))
HCLTech Launches Global Cyber Resilience Study
Oct 28 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - LAUNCHES GLOBAL CYBER RESILIENCE STUDY
Source text: ID:nBSE32tKWz
Further company coverage: HCLT.NS
(([email protected];))
Oct 28 (Reuters) - HCL Technologies Ltd HCLT.NS:
HCLTECH - LAUNCHES GLOBAL CYBER RESILIENCE STUDY
Source text: ID:nBSE32tKWz
Further company coverage: HCLT.NS
(([email protected];))
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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 ₹4,42,897 Crs. While the median market cap of its peers are ₹1,52,952 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 11.84 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 ₹17,399 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?
Yes, HCL Tech. is expensive. Latest PE of HCL Tech. is 25.47, while 3 year average PE is 24.18. Also latest EV/EBITDA of HCL Tech. is 16.62 while 3yr average is 14.84.
Has the share price of HCL Tech. grown faster than its competition?
HCL Tech. has given lower returns compared to its competitors. HCL Tech. has grown at ~17.8% over the last 8yrs while peers have grown at a median rate of 18.58%
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 8.35% while previous quarter holding is 8.19%.