Page 15 - Hcl Technologies

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

HCL Tech signs MoU with Andhra govt to set up Rs 500 cr campus

BS ReporterHyderabad, 30 March: India's fourth largest IT services company HCL Technologies today signed an MoU with Andhra Pradesh government to set up its campus in Vijayawada-Amaravati region. The company will invest Rs 500 crore in ten years in the project involving a development center and a training facility spread over 27.86 acres to be allotted by the government."The objective of this MoU is to create a state-of-the-art global IT development center, recruit local talent and mainly create an ecosystem to nourish the sector," AP government said in a statement.The company is committed to provide employment to 5,000 local residents under two phases. In phase 1 project, HCL plans to invest Rs 300 crore providing employment to 3,000 people while in phase 2, which is likely to commence in 2022, Rs 200 crore will be invested providing jobs to 2,000 locals, according to the statement. The company will begin construction of the phase 1 center in early May, 2017 and start training ...

Chicago-based brewer sues HCL Tech for $100 million

The brewer says that HCL failed to meet the deadline

HCL Tech hopes to resolve dispute with MillerCoors over $100 mn lawsuit

Firm says no material impact on March quarter results, asserts good business ties with US brewer

HCL Tech to hire high-school students to train them as software engineers

HCL will provide training for three months to 100 students each in its Lucknow and Madurai campuses

HCL approves Rs 3,500-cr share buyback

HCL Technologies have opted for buyback route to make use of huge piles of cash lying idle with them

HCL Technologies hits 52-week high

The stock up 1.9% to Rs 871 on NSE ahead of board meeting on Monday to consider share buyback.

HCL Technologies gains on share buyback plan

The stock was up 3% to Rs 864 in intra-day trade, trading close to its 52-week high on BSE

HCL Technologies to consider share buyback proposal

Board of Directors will consider a proposal for buyback of the equity shares of company

HCL Technologies to set up operations in AP with Rs 500 cr investment

AP has also allotted 42,000 square foot of space to HCL for a skill development centre

We would be least affected by Hire American policy: C Vijayakumar

Interview of C Vijayakumar, president and CEO of HCL Technologies

HCL Tech Q3 profit beat estimates; company maintains full year guidance

Performance best among top IT firms