HCL Technologies

HCL sings a 5-year IT management pact with Electrolux

HCL sings a 5-year IT management pact with ElectroluxHCL Technologies has signed an agreement lasting for five years for providing IT infrastructure management services with Electrolux.

Electrolux has emerged as a major player in the home appliance sector in the country. The agreement between the two companies cover monitoring and management of network, servers, IT security and end-user computing.

The agreement will cover Electrolux facilities in 12 countries in Asia-Pacific region, including Australia. The companies did not disclose the financial details of the deal.

HCL's PVC-Free Notebook ME 40 enters the platform

HCL's PVC-Free Notebook ME 40 enters the platformHCL's ME 40, India's first eco-friendly 15.4-inch notebook with a spectrum of ME branded features has been introduced recently at a Polyvinyl Chloride free notebook under its ME series branding - HCL ME 40.

ME-40 is India's first eco-friendly notebook, which will be joining the existing league of ME-45 notebook which does have PVC contents in its body to a certain extent. HCL's 15.4-inch ME 40 notebook has an Intel Core 2 Duo processor and is available at a niche price of Rs. 41,500 exclusive of taxes.

Sell HCL Tech

Sell HCL TechStock market analysts are of the view that investors can sell HCL Technologies Ltd stock with a target price between Rs 356-353.

According to them, investors can sell the stock below Rs 358 with a strict stop loss of Rs 362.

If the stock fell below Rs 349, it may see more weakness.

Today (Feb 16), the stock opened at Rs 364.40 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 388 and a low of Rs 91.70 on BSE.

Current EPS & P/E ratio of the stock stood at 23.35 & 15.51 respectively.

HCL Technologies announces closure of cost cutting measures

Hcl-LogoHCL Technologies has announced on Friday that the phase of cost cutting measures is over. The Indian IT major had announced a range of measures to reduce costs due to the global economic downturn.

HCL has assured its customers that the company will help them redesign their business. The company helped its customers in the US and Europe to reduce their business costs during the economic slowdown.

Vineet Nayar, Chief Executive Officer of the company said, "The phase of cost reduction is over and the name of the game is to change and transform the business."

HCL Tech Q2 Net Dips To Rs 296.7 Crore; Declares Interim Dividend for Fiscal 2010

HCL TechnologiesHCL Technologies has declared the results for the three month period ended December 2009.

During the second quarter, the company's net profit dropped to Rs 296.7 crore as against Rs 320.1 crore in the year ago quarter.

The company's revenues remained flat at 3,032.5 crore as compared to Rs 3,031.4 crore in the corresponding period of the last year.

During the period under review, EBIDTA margin of the company dropped to 21.1% to Rs 638.6 crore from Rs 688.8 crore.

Net profit before forex gain/loss stood at Rs 422.4 crore as against Rs 470.5 crore QoQ.

Buy HCL Tech For Target Rs 355

HCL Tech Intraday Buy CallStock market analysts have maintained 'buy' rating on HCL Technologies Ltd with an intraday target of Rs 355.

According to them, interested traders can purchase the stock above Rs 348 with a strict stop loss of Rs 343.

If the bourses remain on the positive track, then the stock price will hit a target above Rs 358.

Shares of the company, on Monday (Dec 07), closed at Rs 346 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 350.50 and a low of Rs 89.10 on BSE.

Current EPS & P/E ratio of the stock stood at 23.35 & 14.89 respectively.

HCL Tech Intraday Buy Call

HCL Tech Intraday Buy CallStock market analysts have maintained ‘buy’ rating on HCL Technologies Ltd with an intraday target of Rs 347.

According to them, interested traders can purchase the stock above RS 345 with a strict stop loss of Rs 342.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 350.

Shares of the company, on Wednesday (Nov 25), closed at Rs 342.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 347 and a low of Rs 89.10 on BSE.

HCL Technologies net up 18.5 percent

HCL Technologies net up 18.5 percentMumbai, Oct 28 - Software services major HCL Technologies Wednesday said net profit for the quarter ended Sep 30 went up 18.5 percent to Rs. 300.75 crore from the like quarter in the previous fiscal.

Total income for the company increased 5.67 percent to Rs. 1,295 crore for the first quarter of the company's accounting calendar, up from Rs. 1,225 crore it logged in the previous corresponding quarter, the company said in a regulatory statement.

HCL said it bore a forex loss of Rs. 151 crore during the period under review compared to Rs. 80 crore in the like quarter last year.

HCL Technologies Intraday Buy Call

HCL TechnologiesStock market analysts have maintained 'buy' rating on HCL Technologies with an intraday target of Rs 331.

According to them, interested traders can buy the stock around Rs 328 with a stop loss of Rs 324. If the stock market remains on positive track, the stock will hit Rs 334 in today's session.

Shares of the company, on Thursday (Oct 22), closed at Rs 324.75 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 14.84 and 22.27 respectively. The share price has seen a 52-week high of Rs 350.50 and a low of Rs 89.10 on BSE.

HCL Technologies plans to employ 2,000 people

Shiv Nadar, Chairman & CEO of HCL Technologies,HCL Technologies is searching options to employ 2,000 people in the coming two months.

Functionaries of HCL Technologies stated in a communiqué that the conglomerate will also appoint over 200 people in a few months in Texas in order to support its new clients comprising Energy Future Holdings and Oncor.
 
Despite the economic slump, HCL remains as bullish as it was previous fiscal. It employed 15,000 people during the last year.
 

HCL Technologies inks five-year deal with Texas-based Oncor

HCL Technologies inks five-year deal with Texas-based OncorHCL Technologies (HCL), a leading global IT services provider, has entered into a five year Transformational IT Infrastructure Management engagement with Oncor.

Under the arrangement, HCL will provide seamlessly connectivity and support to Oncor corporate functions, grid management operations and numerous community- based field service centers located throughout Oncor's service area.

HCL Technologies raises Rs 500 crore

HCL Technologies raises Rs 500 croreHCL Technologies Ltd (HCL), a leading global IT services provider, has successfully raised Rs 500 crore by way of debt through allotment of debentures.

The company officials stated in a communiqué that, it has allotted 5,000 non-convertible debentures (NCD) of face value Rs 10 lakh each, aggregating to Rs 500 crore.

Further, they stated that the NCDs would have a quarterly cut-off coupon rate of 8.80 per cent. The debentures have a maturity period of five years and would be listed on the Wholesale Debt Market segment of the National Stock Exchange.

HCL Technologies completes acquisition of New Jersey data center

HCL Technologies completes acquisition of New Jersey data center HCL Technologies Ltd. (HCL), India's leading global IT services company, today announced that it had completed acquisition of a 35,000 square feet data center from a Fortune 500 Organization in Parsippany, New Jersey.

The move aligns with company's strategy to increase its global footprint and meet growing customer demand for eco-friendly, advanced, end-to-end services including near-shore Co-location Solutions and Services, Cloud Computing, Business Continuity and Mainframe Management Services.

HCL Technologies inks Strategic Alliance with eBaoTech Corporation

HCL Technologies inks Five-year Deal with Dr Pepper Snapple GroupHCL Technologies Ltd (HCL), a leading global IT services provider, has entered into a strategic alliance with eBaoTech Corporation, a leading provider of new generation software and services for life and general insurance industry.

The partnership reiterates HCL's commitment to provide Business Aligned IT, thereby providing its customers the most optimal platform aligned to their business goals.

Under the arrangement, HCL will work with eBaoTech to identify fitment of eBaoTech products in select geographies.

Buy HCL Tech For Target Rs 260: Ashwani Gujral

Buy HCL Tech For Target Rs 260: Ashwani GujralStock market analyst Ashwani Gujral has maintained ‘Buy’ rating on HCL Tech to achieve a short term target between Rs 239 – Rs 260.

According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 206.

The shares of the company on Wednesday (July 22) closed at Rs 217.15 on the Bombay Stock Exchange (BSE). The total volume of shares traded was 117,726 at the BSE. The stock hit an intraday high of Rs 232.85 and a low of Rs 216 on BSE.

HCL Technologies inks Five-year Deal with Dr Pepper Snapple Group

HCL Technologies inks Five-year Deal with Dr Pepper Snapple GroupHCL Technologies Limited (HCL), a leading global IT services provider has entered into a five-year agreement with Dr Pepper Snapple Group (DPS), a leading producer of flavored beverages, to provide IT application and infrastructure operation and management services.

Under the deal, HCL will assist DPS in the areas application support and maintenance, manage and monitor infrastructure support and operations leveraging its Managed Services Model, end-user computing, integrated service desk and network management.

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