Two Directors at HCL Technologies Ltd sold 8,370 shares at between 1,575.856INR and 1,658.988INR. The significance rating of the trade was 62/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors...
NEW YORK & NOIDA, India--(BUSINESS WIRE)-- HCLTech, a leading global technology company, today announced that State Farm, the leading provider of auto, home, and commercial insurance, has selected the company to reimagine its IT service desk and infrastructure operations. HCLTech will leverage its differentiated portfolio and proven execution capabilities to accelerate the modernization of its hybrid cloud environment for State Farm. This collaboration will further modernize State Farm’s back-end IT services and infrastructure through automation, advanced technology tools and mature processes...
NEW YORK & NOIDA, India--(BUSINESS WIRE)-- HCLTech, a leading global technology company, today announced that Mattel Inc., a leading global toy company and owner of one of the strongest portfolios of children’s and family entertainment franchises in the world, has selected HCLTech to drive transformation across Mattel’s global technology landscape cutting across applications, infrastructure and information security domains. HCLTech will serve as Mattel’s primary IT digital transformation partner for the next several years. With its rich experience in executing such multi-dimensional engagemen...
NOIDA, India & BOCA RATON, Fla.--(BUSINESS WIRE)-- HCLTech, a leading global technology company, today announced that The ODP Corporation (“ODP”) (NASDAQ:ODP), a leading provider of products, services and technology solutions through an integrated business-to-business (B2B) distribution platform and omnichannel presence, has selected the company as its primary IT partner. HCLTech will be the IT partner for ODP for end-to-end IT operations and enterprise-wide digital transformation to support ODP’s business strategy in its Office Depot, ODP Business Solutions and Veyer business units. As part ...
NEW YORK & NOIDA, India--(BUSINESS WIRE)-- HCLTech, a leading global technology company, today announced a new collaboration with Intel Corporation and Mavenir to develop and provide scalable private 5G network solutions for communication service providers (CSP) and broader cross-vertical enterprises. On a global scale, 5G has quickly become one of the most important technologies for enterprises, reshaping how organizations across nearly all verticals do business. Through this new collaboration, the companies will work closely on a wide and comprehensive range of projects and activities acros...
NOIDA, India & NEW YORK--(BUSINESS WIRE)-- As part of its commitment to supercharge the progress of local communities where it operates, HCLTech (XNSE: HCLTECH), a leading global technology company, is scaling up its CSR initiatives in the Americas. The Company announced new partnerships with leading charitable organizations - Girl Up, Feeding America and One Tree Planted - to contribute to efforts that address some of the most pressing development challenges, which include education and gender equality, food insecurity and climate change. Girl Up: Created by the United Nations Foundation, G...
NEW YORK & NOIDA, India--(BUSINESS WIRE)-- HCLTech, a leading global technology company, and announced a new partnership to provide HCLTech employees opportunities to further their education. HCLTech employees and its apprentices based in the United States will be able to pursue courses at Purdue Global to enhance their technology skills. HCLTech’s existing Apprenticeship Program creates new career pathways for aspiring tech professionals by providing employment training opportunities and an education pathway for non-degreed individuals. Purdue Global joins Southern New Hampshire University ...
. HCL Technologies: Guidance increase may help drive stock rerating (HCLT IN, Mkt Cap USD30.9b, CMP INR939, TP INR1240, 32% Upside, Buy) Strong margin recovery to drive earnings outperformance HCLT delivered a strong revenue growth of 3.8% QoQ CC in 2QFY23 (100bp above our estimates), led by IT services & ER&D verticals. Overall services grew 5.3% in CC terms and it reported robust new deal TCV of USD2.4b (+16% QoQ/+6% YoY). The company increased its revenue guidance to 13.5-14.5% in CC te...
MEXICO CITY & NOIDA, India--(BUSINESS WIRE)-- HCLTech, a leading global technology company, today announced expansion plans in Mexico at its 14-year anniversary celebration in Guadalajara. The company expects to hire 1,300 people in the next two years to strengthen its current employee base of 2,400 people in the country. This press release features multimedia. View the full release here: HCLTech executives and government dignitaries celebrate the opening of new technology center in Mexico. (Photo: Business Wire) HCLTech, a certified top employer in Mexico, will also be opening its sixth techn...
NOIDA, India & SUNNYVALE, Calif.--(BUSINESS WIRE)-- HCLTech, a leading global technology company, and Google Cloud today announced a significant expansion of their long-standing partnership, with new capabilities and service offerings to expedite enterprise migration to Google Cloud. This press release features multimedia. View the full release here: HCLTech, a strategic partner of Google Cloud, formed the dedicated to accelerate enterprise cloud adoption by helping enterprise customers plan and execute large-scale migrations. The two companies are now expanding their partnership to signific...
NOIDA, India & NEW YORK--(BUSINESS WIRE)-- HCLTech, a leading global technology company, today announced it has been named an Official Cornerstone Partner of MetLife Stadium and the official digital transformation partner of the New York Giants, New York Jets and MetLife Stadium – enriching what it means to be a fan in the digital age. This supports the company’s focus and : Supercharging ProgressTM, which was unveiled today. This press release features multimedia. View the full release here: (L to R): John Mara, President and CEO of the New York Giants; Jill Kouri, CMO, HCLTech; Ron VanDeVeen...
NEW YORK--(BUSINESS WIRE)-- HCL, a global conglomerate and UpLink, the open innovation platform of the World Economic Forum, announced today that applications have opened for the Global Freshwater Innovation Challenge. This is the first out of five Challenges of the HCL and UpLink’s Aquapreneur Innovation Initiative, a programme to source innovative solutions to conserve and restore freshwater ecosystems, from ‘aquapreneurs’ (water focused entrepreneurs). The Initiative, launched during the Forum’s Annual Meeting in Davos in May 2022, will create a first-of-its-kind innovation ecosystem for th...
HCL TECHNOLOGIES (IN), a company active in the Computer Services industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date March 22, 2022, the closing price was INR 1,176.40 and its po...
HCL TECHNOLOGIES: Services strength to cushion any Product softness; Maintain Buy (HCLT IN, Mkt Cap USD42.1b, CMP INR1153, TP INR1430, 24% Upside, Buy) We expect the robust performance in HCL's Services business, especially the ER&D vertical, to continue as the demand environment remains favorable. We also draw comfort from improving management commentary on continued growth momentum in the IT Services business. Sustainable demand momentum for Cloud and Digital Engineering benefits HCLT,...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
HCL TECHNOLOGIES: Growth optionality at attractive valuation (HCLT IN, Mkt Cap USD36.2b, CMP INR1000, TP INR1180, 18% Upside, Buy) HCLT delivered a growth of 0.7% QoQ (CC), below our estimate of 2.4%, led by weak growth in IT Services (+0.5%) and Products & Platforms (-1%), but partially compensated by better than expected ER&D (+4.5%). Excluding the impact of a one-time bonus in 4QFY21, EBIT margin was down 80bp QoQ and missed our estimate by 130bp due to COVID-related expenses of 90bp. ...
(HCLT IN, Mkt Cap USD22.9b, CMP INR599, TP INR720, 20% Upside, Buy) Operationally in-line quarter** Seasonality in the Services business translated into tepid growth. Despite positive seasonality, the Products business reported a slight decline on an organic basis. Order booking during the quarter witnessed a dip. However, outlook on both growth and margins remained stable. ** We upgrade our EPS estimates over FY20-22 by 1-4% as we adjust our currency and ETR assumptions. As highlighted in our...
HCL TECHNOLOGIES: Can it benefit from public cloud repatriation? (HCLT IN, Mkt Cap USD21.8b, CMP INR573, TP INR700, 22% Upside, Upgrade to Buy) Repatriation of workloads from public cloud to on-premise/hybrid cloud is likely to be a key emerging horizontal theme. Higher IMS exposure and stronger hybrid cloud capabilities make HCLT the biggest beneficiary. We expect up to ~5pp organic growth outperformance versus top 2 over FY21-22. Some changes in the organization structure/GTM (e.g. i...
HCL TECHNOLOGIES: HCL Analyst Meet – Organic momentum steady, software acquisition absorbed (HCLT IN, Mkt Cap USD22.2b, CMP INR1159, TP INR1250, 8% Upside, Neutral) We attended HCL Technologies’ (HCLT) analyst day, where management shared the outlook on industry and also highlighted opportunities/challenges in the key business segments. Key takeaways: Company performance Over FY17-19, HCL delivered a CAGR of 12% (in CC) in revenue, 14.2% in EBITDA, 17% in cash EPS (i.e. OCF before CWC...
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