HCL Technologies

HCL Tech reports better-than-expected results for Sept. quarter

HCL Tech reports better-than-expected results for Sept. quarter

IT services exporter HCL Technologies on Thursday morning reported better-than-expected results for September quarter, testifying improvement in business environment for the sector.

The fourth largest IT services exporter of India announced that its consolidated net profit for the July-September quarter jumped to Rs 14.16 billion, from Rs 8.64 billion in the corresponding quarter of the last year.

A group of analysts surveyed by Thomson Reuters had projected consolidated net profit of Rs 13.36 billion for the company's September quarter.

HCL Tech reports 73% jump in quarterly net profit

HCL Tech reports 73% jump in quarterly net profit

Software services provider HCL Technologies Ltd on Tuesday reported a bigger-than-expected increase in profit for the quarter ended March 31, 2013.

HCL announced that its quarterly net profit jumped to Rs 10.4 billion in the three months through the end of March, 73 per cent up from Rs 6 billion in the year-ago period.

A group of 16 analysts surveyed by Thomson Reuters had projected a net profit of Rs 9.35 billion for the company’s fiscal third-quarter. The growth was also much better than rival firm Infosys’ 3 per cent quarterly-profit growth.

HCL Corp sells 2.5% stake in HCL Tech

HCL Corp sells 2.5% stake in HCL Tech

HCL Corporation owned by Mr. Shiv Nadar and his family sold 2.5%stake in IT services company HCL Technologies to raise over Rs. 581 croreon last Thursday.

The fund from the sale will be utilized in the philanthropic initiatives in the field of education of the Nadar foundation.

Though HCL Corporation did not disclose the amount it had raised through the transaction according to the market sources the share got sold for Rs. 347 each resulting to Rs 581 crore to be precise.

HCL sells 2.5% stake in HCL tech, stocks down

HCL sells 2.5% stake in HCL tech, stocks down

On Thursday, one of India's leading IT player, HCL Corp sold 2.5 per cent of its stake in HCL Technologies.

The company sold 16.75 million shares in its subsidiary on the Bombay Stock Exchange.

As per the reports, the sale proceeds will be given to Shiv Nadar Foundation. This money then will be used for philanthropic activities and initiatives.

HCL Technologies bags deal from SGX

HCL Technologies bags deal from SGX

Leading IT Services Company of the country, HCL Technologies has declared that it has finalized a deal with Singapore Exchange. As per the announcement, the company has signed an outsourcing agreement with SGX. The financial aspects of this deal have been announced as well.

The worth of this deal is $ 110 million which is around Rs 506 crore. The deal between both the companies is for next five years. As per this agreement, HCL will provide infrastructure support and management services to SGX. This has been informed by the India IT company in a joint statement with SGX.

HCL gets Melbourne IT contract

HCL gets Melbourne IT contract

Leading IT services provider, HCL Technologies Ltd has received a contract from Melbourne IT for managing the business transformation project in its Integrated Web Services.

The deal signed on April 30 will see HCL manage the project for a period of three years. The deal would allow the Australian company to enhance the value of the company’s customer base by enabling it to deliver comprehensive services to its customers across various regions.

HCL and Talisma to Merge their BPO and CRM Expertise at the User End

HCL and Talisma to Merge their BPO and CRM Expertise at the User EndTalisma Corporation, a campus management company and a customer relationship management (CRM) software provider, has entered into a partnership with HCL Technologies BPO Services to offer its clients an end-to-end service.

HCL and Talisma will merge their BPO and CRM expertise, respectively, to offer enriched service centre functionality to its customers, the companies said in a statement.

Multi-Million Pound, 5 Year Deal Awarded to HCL by News Corp

HCL Technologies, the giant IT firm, has confirmed that it has managed to win a 5 year long multi-million Pounds deal from Britain based New International, a division of the American News Corp, for providing "software services" to the publishing giant.

As per the deal, HCL will be taking care of News International's "data centre and network environments", all the while developing ideas to strategically and efficiently transform them.

Notable $200 million deal won by HCL from UK insurance firm

Recently, a service contract worth $200 million was won by HCL Technologies from Equitable Life Assurance Society. The aim of the contract, which initiates in March 2011, is to provide cost benefits to Equitable Life’s policyholders via the transfer of core processing and support activities needed to operate its closed book of business.

HCL Technologies inks alliance with Varicent Software

HCL Technologies, a leading offshore IT & software development company, has entered into an alliance with Varicent Software Inc.

Under the arrangement, HCL will provide clients with systems integration expertise delivering Varicent SPM solutions in the Asia-Pacific region and implementing Varicent for Microsoft Dynamics CRM in North America.

The company officials believe that the latest tie-up would enable HCL Technologies to build upon its existing strengths in Microsoft Dynamics, which forms part of HCL’s Enterprise Application Services practice.