HCLTECH
HCLTech launches global delivery centre in Patna This first centre of the company in Bihar will focus on the delivery of IT and engineering services for hi-tech and semiconductor companies.
03 Jul, 2024, 09.21 PM ISTIndian software sector earnings will remain modest in Q1: here’s why Infosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter of FY25. However, previous top performers, Tata Consultancy Services (TCS) and HCLTech, may see pressure on p...
03 Jul, 2024, 07.03 AM ISTWhy Indian IT companies are moving into New Jersey Top Indian IT companies are zeroing in on New Jersey as its hub, with their top executives and a majority of Indian-origin engineers who work in the US making the city their base. India is New Jersey’s second-largest foreign direct investor and a ma...
01 Jul, 2024, 06.00 AM IST
Facing an unprecedented slowdown, IT companies are undergoing a shift. Here’s what’s changing IT companies like TCS, HCLTech, Wipro and Tech Mahindra are reorganising their businesses to wade through disruptions and prepare for Gen AI. TCS, under new leadership, merged AI and cloud operations into a unified AI.Cloud unit, responding to growi...
23 Jun, 2024, 06.00 AM ISTHCLTech to set up two offices in North America HCLTech announced setting up two new offices in North America with delivery centers, focusing on encouraging employees to return to the office. The offices will feature HCLTech’s Customer Experience Center (CEC) showcasing AI and Cloud Native Labs. ...
22 Jun, 2024, 07.20 AM ISTIT industry's competitive intensity to be at highest levels in FY25: HCLTech CEO C Vijayakumar Despite a challenging economic environment, HCLTech has achieved remarkable annual growth and outpaced larger competitors. The third-largest software services firm, with annual revenues of $13.27 billion, reported growth that outpaced Tata Consultan...
16 Jun, 2024, 06.00 AM ISTHCLTech renews deal with German cooperative apoBank for $278 million HCL Technologies expands partnership with apoBank in a USD 278 million deal over 7.5 years, offering a comprehensive range of services to enhance banking services for apoBank customers.
11 Jun, 2024, 07.16 PM ISTIT companies go startups way, appoint chief growth officers Facing a cautious market and clients tightening their purse strings, IT companies are adopting a strategy from startups and web commerce: creating a new C-suite role – the chief growth officer (CGO).
10 Jun, 2024, 06.00 AM ISTHCLTech integrates its GenAI platform with Google Gemini HCL Technologies announced the availability of its GenAI platform, HCLTech AI Force, on Google Cloud's Gemini models, integrating Google's large language model to drive innovation at scale.
30 May, 2024, 02.06 PM ISTHCLTech infuses GenAI into MRO solution to drive enterprises' asset utilisation HCL Technologies enhances its MRO solution with GenAI capabilities, optimizing asset utilization and streamlining maintenance processes in SAP S/4HANA with a comprehensive natural language inspection and repair findings report.
29 May, 2024, 01.28 PM ISTIndian IT sees deal tenures shrinking in rich neighbourhoods At least two companies – HCLTech and Birlasoft – have gone on record to say that from the usual 10-12 year deals earlier, long-term arrangements are now ending in four years. Earlier, the tenures ranged between 10-12 years.
29 May, 2024, 06.00 AM ISTHCLTech, Arm collaborate to work on custom silicon chips for AI-led biz The partnership will enable semiconductor manufacturers, system OEMs (original equipment manufacturers) and cloud services providers to enhance the computing efficiency of their data centre environments, HCLTech said in a statement.
27 May, 2024, 06.05 PM ISTGoogle’s $350-million Flipkart bet; Canva CEO interview Ecommerce major Flipkart has closed its nearly $1-billion funding round with Google coming on board. More on this in today’s ETtech Top 5.
24 May, 2024, 07.59 PM ISTHCLTech to buy Hewlett Packard’s communications tech assets for $225 million As part of this agreement, HCLTech will also absorb around 1,500 employees and 700 contractors with experience of engineering services for telecom industry in countries including Spain, Italy, India, Japan, China, Americas and APAC region, HCLTech s...
24 May, 2024, 12.34 AM ISTIT sweats to eke out margins on pricing squeeze, staff costs Indian outsourcing companies face a margin squeeze in FY24 due to a triple threat: aggressive deal pricing, rising employee costs, and the pressure to boost revenue despite tight global budgets. Notably, Tata Consultancy Services (TCS), the industry...
14 May, 2024, 06.01 AM ISTMidcaps up M&A game with winds of tech spends revival Indian IT sector witnesses a surge in acquisitions by firms of all sizes, driven by the need to pivot to new technologies and business models. Smaller players innovate and acquire to become key innovation partners in digital areas.
10 May, 2024, 06.11 AM ISTHCLTech CEO C Vijayakumar sees headwinds affecting Q1 financial services revenue We have a good mix of programs and rely on broad base growth, says HCLTech CEO Vijayakumar. The firm saw strong growth in its financial services vertical in a difficult environment, said Vijayakumar.
29 Apr, 2024, 06.01 AM ISTHCLTech bucks trend again, headcount rises by 2,725 employees For the full year as well, Noida-headquartered HCLTech added 1,537 employees from overall headcount of 225,944 in March end 2023. Similarly in FY23, HCLTech’s headcount had shown an increase by 3,674 employees.
26 Apr, 2024, 09.16 PM ISTEurope emerges as hotspot for Indian IT M&As, tops buy chart Indian IT giants are on a European shopping spree, snapping up companies at a rapid clip. Europe's booming tech sector, outpacing North America, has fueled over a dozen acquisitions since the Covid pandemic.
23 Apr, 2024, 06.35 PM ISTInfosys to acquire engineering R&D services provider in-tech for $480 million Infosys said in a statement that this investment will help strengthen Infosys’ engineering R&D capabilities and will help global clients to navigate their digital engineering journey.
18 Apr, 2024, 10.16 PM IST