HCL Technologies Ltd (HCLTECH)

HCLTech Declares Dividend and Guides Lower Revenue Growth - 16 May, 2024

HCL Technologies declared an interim dividend of INR 18 per share for FY 2024-25 and guided for lower-than-expected revenue growth in financial year 2025. Vineet Nayyar's appointment as MD was also announced.

HCL Technologies Receives Positive Rating and Long-Term Uptrend Continues - 11 May, 2024

Prabhudas Lilladher has upgraded HCL Technologies to Buy from Accumulate with a target price of ₹1,550 per share. Despite a recent correction, the stock's long-term uptrend is expected to continue with potential for an up-move to ₹1,850 over the next few years.

HCL Tech Divests Stake in JV, Women Employees Share Falls Marginally - 09 May, 2024

HCL Technologies has divested its 49% equity stake in JV State Street HCL Services to State Street Corporation for $173 million. Meanwhile, the share of women employees at HCL Tech fell marginally from 29.2% to 29.1%.

HCLTech Collaborates with AWS and Cisco for Digital Transformation - 06 May, 2024

HCL Technologies has announced two collaborations - one with Amazon Web Services (AWS) to accelerate Gen AI-led enterprise digital transformation and the other with Cisco to offer Pervasive Wireless Mobility as-a-Service. The partnerships will help HCLTech's clients explore and develop GenAI-led use cases, proofs of concept, tools, and solutions while providing robust network infrastructure for secure, seamless connectivity.

HCLTech Launches New Service in Partnership with Cisco; Stock Falls - 03 May, 2024

HCLTech partnered with Cisco to launch Pervasive Wireless Mobility-as-a-Service for enterprise connectivity. The stock fell for the fifth consecutive session, down 13.19% in one month.

HCLTech Launches Wireless Mobility-As-A-Service; Motilal Oswal Initiates Coverage With Buy Rating - 02 May, 2024

HCL Technologies collaborates with Cisco to launch wireless mobility-as-a-service. Meanwhile, Motilal Oswal initiates coverage on the stock with a Buy rating and target price of Rs 1,700.

HCL Tech's Q4 Net Profit Remains Flat YoY - 30 Apr, 2024

HCL Technologies reported a flat YoY growth in net profit for the March quarter at Rs 3,986 crore. The company's stock tanked over 6% on both BSE and NSE as it emerged as the biggest laggard among Sensex and Nifty firms.

HCLTech Reports Mixed Results for Q4FY24 - 29 Apr, 2024

HCL Technologies reported mixed results for Q4FY24, with a slight uptick in net profit but lower-than-expected revenue growth projection of 3-5% for FY25. The company also added employees while its peers saw headcount decline. Brokerages lowered their price targets for the stock, causing a more than 5% drop in share prices.

HCL Technologies Q4 Results Show Increase in Revenue and Profit - 28 Apr, 2024

HCL Technologies' Q4 results show a 7.11% YoY increase in revenue and a 0.08% YoY increase in profit, with EPS at ₹14.69. However, compared to the previous quarter, profit decreased by 8.37%. The company delivered a 2.54% return in the last week and has a market cap of ₹407322.4 Cr.

HCLTech Reports Flat Growth in Net Profit for Q4FY24 - 27 Apr, 2024

HCL Technologies reported flat YoY growth in net profit for Q4FY24 and gave guidance of 3-5% growth in revenue in constant currency terms for FY25. HCLSoftware was selected by State Bank of India for its MarTech solution. The company added 1,537 employees in the last fiscal year.

HCLTech Reports Q4 Results; Projects Weaker Year Ahead - 26 Apr, 2024

HCL Technologies reported its Q4FY24 results with a net profit of Rs 3,995 crore and revenue from operations at Rs 28,499 crore. However, the company projected a weaker ongoing financial year (FY25) with lower revenue growth guidance due to macroeconomic factors.

HCLTech Expected to Report Marginal Revenue Growth in Q4FY24 Results - 25 Apr, 2024

HCL Technologies is set to release its Q4FY24 earnings report with analysts predicting a marginal sequential revenue growth of 0.2-1.7%. However, the company's net profit is expected to fall by 6% sequentially. Analysts will be keeping an eye on FY25 guidance, ERD and products business outlook as well as deal TCVs and pipeline.

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.