HCL Tech acquired seven IBM products for $1.8 billion last year. The total addressable market for the seven products was $50 billion.
The Bloomberg report said the Boeing’s Max software was developed at a time when the company was laying off experienced engineers to cut costs. And it had to outsource the development of Max software to HCL Tech and Cyient for the same
Candidates will be employed in career streams cutting across application development, testing, IT maintenance and support.
The company has been pursuing Mode 1-2-3 strategy and so far has seen significant success as evident from the high growth the company witnessed in the last few quarters.
Prabhudas Lilladher is bullish on HCL Technologies has recommended buy rating on the stock with a target price of Rs 1186 in its research report dated May 12, 2019.
ICICI Direct recommended hold rating on HCL Technologies with a target price of Rs 1190 in its research report dated May 10, 2019.
The proposal to merge HCL Comnet, HCL Eagle, HCL Technologies Solutions and Concept2silicon Systems into HCL Technologies was approved by the latter's board on May 9.
The company has also given a robust revenue guidance of 14-16% for FY20 in constant currency terms.
Nalanda Securities is bullish on HCL Technologies recommended buy rating on the stock with a target price of Rs 1250 in its research report dated May 10, 2019.
Sharekhan is bullish on HCL Technologies has recommended buy rating on the stock with a target price of Rs 1250 in its research report dated May 09, 2019.
HDFC Securities is bullish on HCL Technologies has recommended buy rating on the stock with a target price of Rs 1250 in its research report dated May 10, 2019.
Dolat Capital recommended accumulate rating on HCL Technologies with a target price of Rs 1230 in its research report dated May 10, 2019.
Global brokerage firms maintained their rating on HCL Technologies post March quarter results but some raised their target price on attractive valuations
Brokerages expect dollar revenue growth in range of 2.7 percent to 3.3 percent compared to previous quarter as deal momentum has been extremely strong with announcements of several large and mega deals
At 1121 hrs, the Nifty IT index was trading at 16,191.35, down 1.29 percent. All the constituent stocks are trading in the negative, with TCS being the biggest loser, down 2.05 percent
HCL Technologies is scheduled to announce its audited financial results for the financial year ended March 31, 2019 on May 9.
The opening of the CSFC represents the next phase in the company's mission to support secure business growth by providing customers with a single point of contact for the enterprise security lifecycle - from detection to remediation, HCL Technologies said in a statement late Thursday night.
The inauguration featured Chief Guest US Representative Van Taylor along with local dignitaries from the municipal, business, and educational communities.
Net Sales are expected to increase by 1.1 percent Q-o-Q (up 20.4 percent Y-o-Y) to Rs. 15,873 crore, according to Prabhudas Lilladher.
Net Sales are expected to increase by 1.3 percent Q-o-Q (up 24.1 percent Y-o-Y) to Rs. 15,896.5 crore, according to Kotak.
A positive opening is likely as Nifty Futures on Singaporean Exchange were trading over 28 points higher. The futures traded around 11,740-odd levels.
According to the report, growth in the IT sector will be led by the increasing number of large deals won by companies over the past two quarters
BofAML revised its rating on the stock to 'buy' from 'neutral' and hiked its target price from Rs 1,060 to Rs 1,250