Page 17 - Hcl Technologies

HCL Technologies falls 5% as Q4 profit misses estimates

The stock dipped 5% to Rs 1,002 on the BSE in early morning trade

HCL Technologies falls on profit booking after Actian Corporation deal

In past two trading days, HCL Technologies had outperformed the market by surging 7% against 0.65% rise in the S&P BSE Sensex.

HCL Technologies, SEP to buy Actian Corporation for $330 million

HCL will own 80 per cent stake in the joint venture that has been formed, with SEP holding 19.5 per cent

HCL Tech buys life sciences and consumer services provider for $60 mn

Software services firm HCL Technologies has acquired C3i Solutions for USD 60 million, a move aimed at accelerating the Indian IT firm's growth in life sciences and consumer services. C3i Solutions is a wholly owned, independently operated subsidiary of Merck & Co, (known as MSD outside the US and Canada). It provides multi-channel customer engagement services for life sciences and consumer packaged goods (CPG) industries. "With this acquisition, HCL will complement its broad-based IT and business services capability with the additional depth that C3i has in the life sciences and CPG verticals," the country's fourth largest software firm HCL Technologies said in a statement. C3i's expertise in the clinical, pharmacovigilance, and pharma sales support domains and the strong partnership will enable HCL's life sciences customers to become more patient-centric and offer services to IT and business stakeholders, it added. "C3i's capabilities provide HCL with an innovative and ...

HCL Tech terminates JV with Great American Insurance Company

HCL Eagle was incorporated in India for providing technological support services to GAIC and its subsidiaries

We have a great growth strategy: HCL Technologies' CEO

Interview with C Vijayakumar

HCL Technologies shareholders approve Shiv Nadar's reappointment as MD

The retail shareholder's category saw 99.9% votes cast in favour of the proposal

HCL Tech acquires UK's ETL Factory to boost data services

ETL Factory created a platform for large scale, complex data migration and data integration

HCL acquires ETL Factory to help clients accelerate data integration

Datawave is also extendable to other platforms, including big data

HCL launches two AI-powered services for enterprises

The two services are being supported by a team of over 200 autonomics specialists

IT spending in general is higher and will not come down: HCL Tech CFO

Laying the groundwork much before its peers and clarity in decision making has helped India's fourth largest software exporter HCL Technologies, stay ahead in the game. Seeing yet another profitable quarter, Anil Chanana, Chief Financial Officer, HCL Technologies, believes that while other are catching up on the overseas game now, his company has been able to ace it. Chanana also tells Karan Choudhury that customer confidence is at an all time high and globally they are in a much more comfortable position that their peers.Edited Excerpts of the interview:Which all sectors are you seeing the growth coming from in US?Financial services, manufacturing, healthcare and life sciences are growing significantly, retail is growing for us. We are all into the mode-two and mode-three type of services. I think it is all around, I do not see any sector that is not growing. Some segments such as oil and gas services, telecom, some consolidation or some projects have come to an end which is leading .

HCL Tech hits 52-week high post Q1 results as it maintains FY18 guidance

HCL Technologies gained nearly 4% to hit its 52-week high on the BSE

HCL to hire 2,000 at upcoming Nagpur campus

HCL is focusing on small towns to open training centres

HCL Tech announces Rs 3,500-cr share buyback at 17% premium

The shares will be bought at Rs 1,000 apiece as against current trading price of Rs 852

We've always been better prepared on protectionism: HCL Tech's C Vijaykumar

While the Indian IT sector goes on with its rhetoric global protectionist measures, C Vijaykumar, President & CEO, HCL Technologies is hardly breaking a sweat. Having already laid the groundwork for growth in foreign shores, CVK as he is called by his peers knows that from here on his the company would only rise the IT industry pecking order. Having surprised the market with highest-ever growth forecast, C Vijaykumar tells Karan Choudhury the reasons behind this confidence. It has been three quarters you have taken over. What has changed and what has worked for you?We identified that there is a lot of potential to cross sell and upsell in our existing customers. Creating a strong client partner model for the top 150 customers, we can channelise a lot of services into our clients. Some of the new generation services require multiple teams to work in a unified manner. Bringing this together and creating an end to end proposition is resonating much better with our clients. That is ...

Strong Q4, but will HCL Technologies' stock re-rate?

Investors have very little to complain about HCL Technologies' results for the March 2017 quarter (Q4). The company delivered yet another quarter of industry-leading revenue growth on the back of all-round performance by most of its segments and healthy contribution from recent acquisitions. In fact, its sequential constant currency revenue growth of 3.8 per cent is higher than other comparable peers such as Tata Consultancy Services (TCS), Infosys and Wipro. This metric grew between 0 to 1.7 per cent sequentially for these peers in Q4. Importantly, HCL Technologies expects its constant currency revenues to grow between 10.5 to 12.5 per cent in the current fiscal- much ahead of the 6.5 to 8.5 per cent growth expected by Infosys (TCS does not given any guidance). HCL Technologies' aggressive approach on chasing inorganic growth differentiates it from peers TCS and Infosys which continue to be rather conservative on this front. Though Wipro too has not shied away from making strategic ..

Over half of our 12,000-strong workforce in US are locals: HCL Technologies

Expresses confidence in being able to navigate through any visa-related challenges that may emerge

HCL Technologies trades flat post Q4 results

The stock was up 0.08% at Rs 843 on BSE as compared to 0.26% rise in the S&P BSE Sensex

HCL to acquire US-based firm UFS for Rs 199 cr

HCL Technologies on Monday said it would acquire US-based mortgage business service provider Urban Fulfillment Services, LLC for more than Rs 199 crore ($30 million), which would help it to expand its local workforce in the US. Through acquisition of UFS, a 15-year-old mortgage business process and fulfilment services provider spread across three centres in the US, HCL aims to scale up its digital technology based services to clients. India's fourth largest IT service providers will also see 350 highly-skilled professionals of UFS joining its team in the US. The deal is likely to be completed by June depending on certain regulatory approvals for transfer of licenses. "Combining UFS's talent and client portfolio with HCL's deep industry expertise and business acumen, offers us the unique opportunity to provide platform-based services on our own platform, driving transformation through robotics process automation," said Anoop Tiwari, Global Head, Business Services, HCL. Turnover of .

HCL renews IT engagement with Singapore Exchange for five years

No financial details of the deal were disclosed