HCL Technologies shares jump 5% after DWS deal
In a regulatory filing, HCL Technologies said the total equity value pay-out will be 158.2 million Australian dollars (about Rs 850.33 crore) after considering a total number of shares at 131.83 million on a fully-diluted basis.
HCL tech acquires Australian IT firm DWS for $115.8 million
The DWS Group closed FY 2020 with revenues of $ 122.9 million and has over 700 employees with operations in Melbourne, Sydney, Adelaide, Brisbane, and Canberra. It provides a wide range of IT services including digital transformation, application development and support, programme and project management and consulting.
Buy HCL Technologies, target price Rs 930: Motilal Oswal
HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 217798.76 Crore) operating in IT Software sector.
HCL to double workforce in smaller towns; allow staff in larger cities to move back to hometowns
"In the light of COVID-19, we have been able to leverage some of these locations very well to tide over local pandemic flare ups. So having more people in smaller locations have been very helpful.” Vijayakumar added that a lot of employees felt safer being in their hometowns and close to their families which is a positive aspect for the company.
Indian IT firms see rise in engineering research and development deals from their global clients
Last week, Wipro received a multi-year global contract for providing automotive engineering services from Marelli. Analysts said the deal could be worth $250-300 million spread over a few years. KPIT received a five-year software services deal estimated at more than $60 million deal from tier-I automotive company.
New gen services, products to be half of HCL revenues in 3 years: C Vijayakumar
Right now, we are still in the middle of the pandemic and India is still at an intense phase. However, post this normalizing, we would expect a good number of people coming into our offices, said Vijayakumar while replying to a question.
Stock market update: Nifty IT index rises 3%; HCL Tech leaps 5%
The index was trading 2.84 per cent up at 19512.3.
HCL's US arm faces patent infringement claim related to one of its software products
HCL America is due to respond to the lawsuit filed by a Texas-based company, Coretek Licensing, by 28 September, as per court documents reviewed by ET.
HCL Tech soars 11% as company revises Q2 revenue guidance
“We have seen strong execution during the quarter to date, and continue to execute to the plan this month. Revenue growth for the current quarter is expected to exceed 3.5 per cent quarter on quarter in constant currency, enabled by broad based momentum across all service lines, verticals and geographies” said HCL Tech in a regulatory filing.
Govt forms a committee to fast-track rules for work from anywhere
This working group is under the larger inter-ministerial group set up by the ministry of electronics and IT (MEITY) that has been coordinating with ministries such as telecom, labour and commerce to make temporary relaxations permanent and also bring in large scale reforms to boost work from home.
HCL Tech expects Q2 revenue growth to better than previous forecast
The company expects margins to be between 20.5% and 21% in the quarter and sees a healthy pipeline of deals across service lines, verticals and geographies.
Stock market update: Nifty IT index surges 800 points; HCL Tech soars 10%
The index was trading 4.47 per cent up at 19465.85.
IT services will continue to be an attractive job market: TCS CEO
Technology companies impacted by the Covid-19 pandemic over the last few months have chosen to save costs by freezing hiring and laying off employees, posing a challenge to fresh graduates seeking jobs.
What DWS acquisition will mean for HCL Tech
HCL Tech has announced the intention to acquire Australian IT, business and management consulting group DWS to strengthen client portflio ac...
Why Deven Choksey prefers TCS and Infosys to HCL Tech
HCL Tech is more momentum driven but TCS and Infosys are steadier as far as portfolio selection is concerned.