HCLTech

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

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

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

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

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

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

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

IT companies have done better than expected

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

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

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

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

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

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

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

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

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

Bloomberg had estimated revenue to be Rs 36,564 crore and net profit at Rs 5,902 crore

HR experts also point that pre-pandemic industry attrition was in the range of 12-13 per cent, to come back to that level is going to take some time.

HCL Technologies on Wednesday weighed into the issue of moonlighting, that has created quite a stir in the industry, and said while it does not approve of dual employment, the issue is not a major one within the company. Put simply, moonlighting refers to employees taking up side gigs to work on more than one job at a time. "Dual employment while working for HCL Tech...we do not approve of that. Everybody who signs up to work for HCL Tech is signing up employment contract which requires exclusivity. The requirements around confidentiality, and non compete... all those provisions that are there we expect our employees to honour those commitments," Ramachandran Sundararajan, Chief People Officer of the company said during the Q2 earnings briefing. Fortunately, he said, moonlighting has not come up as a big problem within HCL Technologies. "We don't have that as big problem that we have too many people indulging in dual employment. It is not a big problem. We have had one or two stray