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  • Former HCL Tech CEO sets up Rs 100 cr fund for new ventures

    Former HCL Tech CEO sets up Rs 100 cr fund for new ventures

    Gupta, whose departure from HCL Technologies was announced today, has founded a new investment firm 'Techcelx' that will focus on developing next-gen digital technology products and platforms.

  • HCL Tech CEO Anant Gupta quits, C Vijayakumar to succeed

    HCL Tech CEO Anant Gupta quits, C Vijayakumar to succeed

    "Vijay has been a transformational leader in the company leading from the front. His vision and flawless execution trackrecord best positions him for taking our journey forward," HCL Technologies Chairman and Chief Strategy Officer Shiv Nadar said.

  • HCL Tech Q1 profit up 6%; expects FY17 revenue growth at 12-14%

    HCL Tech Q1 profit up 6%; expects FY17 revenue growth at 12-14%

    HCL Technologies' first quarter (April-June) beat analysts' expectations on all parameters by reporting 6 percent growth each in profit at Rs 2,055.2 crore and revenue at Rs 11,336 crore on sequential basis.

  • HCL Tech appoints Vijay Kumar as COO

    HCL Tech appoints Vijay Kumar as COO

    The company said that it will further strengthen its '21st Century Enterprise strategy', which is essentially a blueprint for re-aligning IT consumption formats to outcome-based, service-oriented and lean solutions.

  • H2 will be better; maintain 21-22% EBIT margin band: HCL Tech

    H2 will be better; maintain 21-22% EBIT margin band: HCL Tech

    HCL Tech has recorded broad-based growth, is the word coming in from Anant Gupta, CEO of HCL Technologies; while Anil Chanana, the CFO says he continues to maintain EBIT margin band of 21-22 percent

  • Infra digitalisation; strong demand key to growth: HCL Tech

    Infra digitalisation; strong demand key to growth: HCL Tech

    Anant Gupta, President and CEO, HCL Tech says digitalization in infrastructure, modern application and engineering services is going to aid HCL‘s growth.

  • CSC, HCL create JV for banking software and services

    CSC, HCL create JV for banking software and services

    Global IT majors CSC and HCL Technologies have joined hands to form a banking software and services joint venture company.

  • Deal pipeline better YoY; value proposition strong:HCL Tech

    Deal pipeline better YoY; value proposition strong:HCL Tech

    Anil Chanana, chief financial officer of HCL Tech says the industry continues to see good growth. He expects margins to be at 21-22 percent considering the company has stepped up investments in the last few months.

  • HCL Tech Q2 net up 2.3%, $ rev rises 4%, issues 1:1 bonus

    HCL Tech Q2 net up 2.3%, $ rev rises 4%, issues 1:1 bonus

    HCL Technologies, the fourth largest software services exporter in India, surpassed street expectations on every parameter on Friday by reporting 2.3 percent sequential growth in profit after tax at Rs 1,915 crore.

  • HCL Tech plunges 9% on lower than expected revenue in Q1

    HCL Tech plunges 9% on lower than expected revenue in Q1

    Software services exporter reported revenue at Rs 8,735 crore during the quarter, increased by 3.7 percent quarter-on-quarter (up 10 percent year-on-year) and dollar revenue rose by 1.85 percent (up 13 percent on yearly basis) to USD 1,433 million.

  • Hired 4000 employees in Q1; expect better utilisation: HCL

    Hired 4000 employees in Q1; expect better utilisation: HCL

    HCL has signed 15 transformational engagements with more than USD 1 billion of total contract value in this quarter.

  • Indian IT sector hopes for a memorable, growth-led 2014

    Indian IT sector hopes for a memorable, growth-led 2014

    Clients are becoming a little less tight-fisted about IT budgets in 2014. But they're also getting more choosy about where they want to put this money. And emerging technology like digital, analytics and mobility are the verticals of choice.

  • Have seen balanced growth in US, Europe & Asia: HCL Tech

    Have seen balanced growth in US, Europe & Asia: HCL Tech

    CEO Anant Gupta shared the company‘s success with its employees and customer and said that the company will continue to reinvent itself in 2014.

  • IT spends outlook for 2014 looks positive: HCL Technologies

    IT spends outlook for 2014 looks positive: HCL Technologies

    “I would say 2014 continues to look good. The renewal market continues to be buoyant, something we always have been saying. So I would say the market is buoyant,” said Anant Gupta, CEO, HCL Technologies in an interview to CNBC-TV18.

  • Seeing healthy growth among top 10 clients: HCL Tech

    Seeing healthy growth among top 10 clients: HCL Tech

    Anil Chanana, CFO, HCL Technologies says the firm will be focused on a delivering profitable growth to the markets.

  • See medium-term margins in 18-19% range: HCL Tech

    See medium-term margins in 18-19% range: HCL Tech

    HCL Technologies' margins in the medium-term will be in the 18-19 percent range, CFO Anil Chanana said on Wednesday.

  • Why is HCL Tech's PE multiple not reflecting good earnings?

    Why is HCL Tech's PE multiple not reflecting good earnings?

    HCL Technologies has risen over 60 percent in the last one year, and its EBIT (earnings before interest, taxes) margins are up 400bps since Jan 2012, but interestingly the P/E multiple has not kept pace with the EPS (earning per share) upgrades.

  • Ambit Cap's take on IT sector after Q3 nos

    Ambit Cap's take on IT sector after Q3 nos

    Cognizant came out with a healthy set of numbers and has beaten in terms of guidance. Their outlook remains mixed according to a lot of analysts. Ankur Rudra of Ambit Capital tells us how can we extrapolate this to the IT sector.

  • HCL Tech: Market sentiment likely to remain strong in 2013

    HCL Tech: Market sentiment likely to remain strong in 2013

    Software services exporter HCL Technologies' says it continues to see demand for non-discretionary spends and growth is likely to remain strong in 2013.

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