HCL Technologies Ltd

(HCLTECH)

HCL Tech Plans Q2 Results and Dividend Announcement - 17 Sep, 2024

HCL Technologies will report its Q2 earnings on October 14, 2024, and consider a third interim dividend. The stock has risen 22.22% in 2024.

HCLTech Achieves Top Ranking and Strong Financials - 16 Sep, 2024

HCLTech has been recognized as the top India-headquartered company in TIME's World's Best Companies 2024 list. The firm reported a net profit of Rs 4,257 crore for the June quarter of FY25 and provided a revenue growth guidance of 3-5% for FY25, driven by GenAI diversification.

HCL Technologies Positioned for Growth Amid GenAI Surge - 14 Sep, 2024

HCL Technologies is viewed as an attractive investment due to its diversified portfolio, strong healthcare and manufacturing exposure, and strategic investments in cloud modernization. A projected CAGR of 7.2% in USD revenue and 9.6% in INR PAT over FY24-26E highlights its growth potential.

HCL Technologies Expands with Zeenea Acquisition and Chip Unit - 13 Sep, 2024

HCL Technologies has completed the acquisition of Zeenea SAS for €23.9 million, enhancing its data capabilities. Additionally, it secured land in Uttar Pradesh for a semiconductor assembly unit with Foxconn, leveraging its regional advantages.

HCLTech Completes Acquisition of Zeenea SAS - 12 Sep, 2024

HCL Technologies has completed its acquisition of Zeenea SAS, a Paris-based software company, for an enterprise valuation of EUR 23.9 million, enhancing its Data & Analytics business.

HCLTech Showcases Innovations at SEMICON India 2024 - 11 Sep, 2024

HCLTech is set to showcase its generative AI-based chatbot and various engineering solutions at SEMICON India 2024, emphasizing its commitment to the semiconductor ecosystem and innovation.

HCLTech Faces Rising Employee Costs Amid Cost-Cutting - 09 Sep, 2024

HCLTech reports a surge in employee costs, now 56.8% of revenue, up from 54.5% last year. The increase is attributed to a higher on-site employee count and subdued fresher hiring. Average salary hikes are at 3.4%, among the lowest in the sector, as the company seeks to manage costs.

HCL Technologies Hits Record High Amid Positive Outlook - 02 Sep, 2024

HCL Technologies shares reached a record high of Rs 1,812, driven by strong demand expectations and improved financial metrics. Despite a target price reduction by ICICI Securities, overall sentiment remains positive with significant gains in August.

HCL Technologies Targets Growth with Investments and AI - 30 Aug, 2024

HCL Technologies is focusing on growth through significant investments, including Rs 4,200 crore in Uttar Pradesh, and plans to upskill employees in Generative AI. Analysts have raised target prices, reflecting positive sentiment around the company's future prospects.

HCL Technologies Shows Strong Growth Potential and Analyst Optimism - 29 Aug, 2024

HCL Technologies reported strong quarterly results and positive analyst outlooks, with several brokerages raising target prices. The company is optimistic about medium-term growth, particularly in financial services and GenAI initiatives, despite concerns over stretched valuations.

HCL Technologies Shows Stability and Growth Potential - 28 Aug, 2024

HCL Technologies, with a market cap of ₹4.65 trillion, reports strong revenue across segments and a solid dividend history. Recent strategic moves, including a partnership extension with Xerox and a new CFO appointment, indicate corporate stability. Despite a high payout ratio, dividends are well-supported by earnings and cash flows.

HCL Technologies Extends Strategic Partnership with Xerox - 27 Aug, 2024

HCL Technologies announced an extension of its strategic partnership with Xerox, enhancing AI-driven engineering services and digital operations to support Xerox's reinvention and growth initiatives.

HCLTech Partners with Xerox, Shares Rise - 26 Aug, 2024

HCL Technologies reported $13.3 billion in FY24 revenue, extending its partnership with Xerox to enhance AI and digital engineering, leading to a 3.47% share price increase.

HCL Technologies Shows Strong Momentum in IT Rally - 22 Aug, 2024

HCL Technologies has demonstrated significant momentum, maintaining a strong position in the IT sector's recent rally. The stock has rebounded from previous resistance and recently broke out from a cup and handle pattern, indicating renewed buying interest.

HCLTech Appoints New CFO and Expands Operations - 21 Aug, 2024

HCLTech has appointed Shiv Walia as CFO, effective September 2024, while also announcing significant expansion plans in Andhra Pradesh to create 15,000 jobs. Analysts are optimistic, suggesting a buy with a target of Rs 1890.

HCL Technologies Reports Earnings and Leadership Changes - 20 Aug, 2024

HCL Technologies experienced a slight decline in shares following CFO changes and reported a 6.8% rise in Q1 FY25 net profit. The company aims to hire 10,000 freshers in FY25, while customer-acknowledged value decreased compared to FY20.

HCLTech Appoints Shiv Walia as New CFO - 19 Aug, 2024

HCL Technologies has appointed Shiv Walia as Chief Financial Officer, effective September 6, 2024, succeeding Prateek Aggarwal, who resigned for other opportunities. Walia has extensive experience within the company.