HCL Technologies Ltd Share Price (HCLTECH)

HCL Technologies Preferred Over Competitors in IT Sector - 17 Apr, 2024

Analyst advises investors to stick to large-cap stocks like TCS and HCL Tech over competitors in the IT sector, which saw a significant decline due to weak earnings expectations.

Fitch Retains HCL Tech's A- Rating with Stable Outlook - 16 Apr, 2024

Credit-rating agency Fitch has retained HCL Technologies' Long-Term Foreign-and Local-Currency Issuer Default Ratings at A- with a stable outlook, citing the company's solid market position, diversified customer base, no country ceiling constraint, and robust profitability. Fitch expects HCL Tech's revenue to grow by 8% in FY24-27.

HCLTech Retains A- Rating, Expects 8% Revenue Growth - 15 Apr, 2024

Fitch has retained HCL Technologies' senior unsecured rating at A-, with an outlook for 8% revenue growth in FY24-27. Meanwhile, investor focus is on the company's FY25 revenue growth guidance following TCS's mixed bag performance in Q4FY24.

Mixed Outlook for HCL Technologies Earnings - 12 Apr, 2024

Analysts predict a mixed outlook for HCL Technologies' Q4 earnings. While margins are expected to improve slightly for the IT sector, HCL Tech may experience a decline due to seasonality in its products business.

HCLTech Expected to Report Stable Revenue Growth - 11 Apr, 2024

HCL Technologies is expected to report stable revenue growth due to the ramp-up of the Verizon deal. However, Bloomberg estimates suggest that HCLTech may report the lowest EBIT margin growth due to seasonality in the products and platforms business.

HCLTech Wins Google Cloud Awards; Growth Divergence Expected Among IT Companies - 10 Apr, 2024

HCL Technologies receives awards for Global Talent Development, Industry Solution Services for Telecommunications, and Cloud Migration Specialization. HDFC Institutional Research predicts growth divergence between top and mid-tier IT firms for Q4FY24E.

HCLTech Partners with Google Cloud to Enhance AI Platform; Low P/E Ratio Due to Sluggish Earnings Growth - 09 Apr, 2024

HCL Technologies has partnered with Google Cloud to enhance its AI Force platform and expand its portfolio of industry solutions. However, the company's low P/E ratio of 26.4x is due to sluggish earnings growth and limited future growth expectations, leading to pessimism in the IT sector.

Mixed EBIT Margins Expected for Tier-I IT Companies; HCLTech Resilient - 08 Apr, 2024

Despite challenges faced by each company, HCL Technologies' even vertical mix and robust capabilities in engineering research and development space provide sustainable growth. However, lower software revenues may impact Q4 earnings. Analysts recommend a Buy on the stock.

HCL Tech Partners with Google Cloud to Drive Business Value with AI - 07 Apr, 2024

HCL Technologies has partnered with Google Cloud to enable 25,000 engineers on GenAI technology and develop new use cases for clients in manufacturing, healthcare, and telecom. HCLTech will also use Gemini models to expand its portfolio of industry solutions built out of dedicated Cloud Native Labs and AI Labs.

HCL Technologies Projections Positive Amid Bleak Year for Indian Bluechips - 04 Apr, 2024

HCL Technologies is expected to see revenue growth and profitability in FY24, according to projections. JP Morgan predicts margin expansion for most IT companies, but not HCL due to wage hikes. Jai Bala is bullish on mid-cap IT companies, with HCL and TCS outperforming Infosys and Wipro.

HCLTech Expands Partnership with Google Cloud, Divests Stake in JV - 03 Apr, 2024

HCL Technologies has expanded its partnership with Google Cloud to develop industry-specific solutions and will divest its entire 49% equity stake in a joint venture with State Street International Holdings. The company is also facing a penalty order related to the sale of shares in one of its subsidiaries but is confident of defending it.

HCLTech Divests Stake in JV, Citi Expects Revenue Growth - 02 Apr, 2024

HCL Technologies' wholly owned UK subsidiary has divested its entire 49% equity stake in a joint venture with State Street International Holdings for $172.5 million. Meanwhile, Citi expects HCLTech's constant-currency revenue growth of (-)1.4% to (+)1.2% QoQ for the top five companies despite reversal of furloughs.

HCLTech's Board to Consider Financial Results & Dividend Payment - 01 Apr, 2024

HCL Technologies is set to announce its audited financial results and interim dividend payment for FY24-25 on April 25-26. The company has been upgraded by a global investment bank but with a reduced target price. Positive commentary on the demand environment is expected during the upcoming earnings call.

HCL Technologies' BFSI Revenue Rises 14.8% YoY - 30 Mar, 2024

HCL Technologies is the only outlier with its BFSI revenue rising 14.8% YoY over the past four quarters, and quarterly revenue rose 5.3% YoY in the December quarter. It is also on target to meet its guidance at the start of FY24.

HCLTech Partners with Oriola and Atlas Cloud Services for Digital Transformation - 27 Mar, 2024

HCL Technologies is partnering with Oriola Corporation to implement a greenfield SAP S/4HANA and analytics environment hosted on Microsoft Azure for digital transformation. Additionally, HCLSoftware has partnered with Atlas Cloud Services to support businesses' digital transitions in Morocco.

HCL Technologies Receives Two New Microsoft Azure Specializations - 26 Mar, 2024

HCL Technologies has received two new Microsoft Azure specializations for its AI and ML solutions through the Scale AI data science platform. The company now has 21 Microsoft specializations covering various areas, including modern workplace, security, analytics, business applications, in addition to AI and ML.

HCLTech Acquires New Specializations and AWS Status - 22 Mar, 2024

HCL Technologies acquires two new Microsoft Azure specializations for AI and ML solutions and receives AWS Generative AI Competency Partner status for developing gen AI solutions on AWS.

HCL Technologies Stock Uptrend and Achieves AWS Generative AI Competency - 21 Mar, 2024

HCL Technologies is in an uptrend with a target price of Rs 1760-1820. Additionally, HCLTech has achieved the Amazon Web Services (AWS) Generative AI Competency Partner status for its innovative GenAI solutions.

HCL Tech Expands Partnership with CAST for Customised Chips - 19 Mar, 2024

HCL Technologies has expanded its alliance with semiconductor intellectual property (IP) core provider CAST to offer customised chips for original equipment manufacturers. The move will help reduce engineering risk and development costs across industries like automotive, consumer electronics, and logistics. Additionally, HCL Technologies recently declared an interim dividend of ₹12 per share, maintaining a focus on shareholder returns.