HCL Technologies, a subsidiary of HCL Enterprise, is an Indian multinational information technology services and consulting company. It is headquartered in Noida, Uttar Pradesh. While it was initially set up as a research and development division of HCL, in 1991 it emerged as an independent company when HCL entered into the software services business. At present the company has offices in 50 countries including the United Kingdom, United States, France, and Germany with a worldwide network of research and development, innovation labs and delivery centres, over 187,000 employees and its customers include 250 of the Fortune 500 and 650 of the Global 2,000 companies. Some of the sectors it operates includes aerospace and defence, automotive, banking, capital markets, chemical and process industries, energy and utilities, healthcare, hi-tech and many more. On November 10, 1999 the company went public with an issue of 142 crore (14.2 million) shares, valued at Rs 4 each. During 2000, the company set up an offshore development centre in Chennai, India, for KLA-Tencor Corporation. Two years later, it acquired Gulf Computers Inc. And recently in March 2021, HCL Technologies expanded its partnership with Google Cloud to bring HCL Software's Digital Experience (DX) and Unica Marketing cloud-native platforms to Google Cloud. More
HCL Tech has signalled that its AI expansion will be led through services rather than heavy investments in infrastructure or proprietary platforms.
HCL Technologies share price rose 2% in the morning trade today after a decent set of Q2 results, as multiple brokerages turned more positive on the stock, citing improved growth guidance in the company’s core services business and a strong order pipeline.
With a diversified industry exposure and strong focus on AI, the company looks well placed to grow
HCLTech has retained its full year revenue growth guidance for FY26 at 3-5 percent YoY in constant currency, while operating margin is expected to be in 17-18 percent range for the full year.
HCLTech revises FY26 constant currency revenue growth guidance to 3-5%, while operating margin guidance was reduced to 17-18%.
Given the uncertain macro, there could be both winners and losers
IT stocks: Tech-heavy Nasdaq index closed at a record high level following the US Fed chief's testimony.
Accenture’s latest results have sent Indian IT stocks into a tailspin, but the real concern lies deeper than just weak outsourcing numbers. The sector’s inability to engage meaningfully with Generative AI poses a far bigger challenge.
IT stocks: The Nifty IT index closed in the green in nine out of the last 10 sessions, dodging the overall volatility in the market.
IT stocks: Nifty IT index rose over a percent to emerge as the top sectoral gainer on June 16. The IT index has now recorded gains in eight out of the past nine sessions.
Notably, the IT stocks have seen significant volatility in the recent days amid US President Donald Trump’s tariff flip-flops.
Bulls returned to Dalal Street on April 28, as Reliance Industries surged after posting strong March quarter results, while other heavyweights like SBI also lent support.
The IT company’s attrition rate marginally decreased to 13 percent from 13.2 percent in the previous quarter.
JP Morgan says while it doesn't recommend buying IT stocks, but conservative guidance by the companies would give a good entry point later. Market veterans like Prashant Khemka said they don't take big investing calls based on macroeconomic outlook.
HCL Tech and Western Union will set up a new India-based technology center in Hyderabad.
Infosys CEO Salil Parekh said the company has been able to generate revenue from Generative AI, which is expanding the market for newer projects. The company sees massive productivity boost from AI, CEO Salil Parekh added.
For the full year FY25, HCLTech had increased its revenue growth guidance in constant currency (CC) terms in the lower end by 100 basis points. Revenue growth guidance is now 4.5-5 percent.
The IT services company’s shares outperformed peers during 2024. Its Q3 results and management commentary should give some idea of whether that can sustain