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27 stories mentioning NSE:HCLTECHUpdated 10d ago

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Asia

HCLTech, Sydney Coordinated Adaptive Traffic System Sign MoU to Explore AI-Powered Analytics

HCL Technologies (NSE:HCLTECH, BOM:532281) and Sydney Coordinated Adaptive Traffic System (SCATS) of Transport for NSW signed a memorandum of understanding to explore expanding the AI analytics capabilities of SCATS.The collaboration will examine the use of Sarvam's multilingual AI models to allow traffic operators and planners to analyze SCATS data in Indian languages. The companies will also explore on-premise and private-cloud deployment options to meet data-sovereignty requirements for smart-city infrastructure.HCLTech shares fell nearly 2% in recent trade.

BOM:532281NSE:HCLTECH
Research

UBS Downgrades HCL Technologies to Neutral from Buy; Price Target is INR1,415

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,255.59 Indian rupees, according to analysts polled by FactSet.

BOM:532281NSE:HCLTECH
Asia

HCL Technologies Advances Sustainability Goals

HCL Technologies (NSE:HCLTECH, BOM:532281) has made strides in its sustainability goals and commitment to becoming net zero by 2040.The company logged a 55.84% drop in Scope 1 and 2 emissions from its fiscal year 2020 baseline ahead of its target of a 50% reduction by 2030, according to a Wednesday Indian bourse filing.It has also reduced its total emissions footprint (Scope 1, 2, and 3) by 27.7% since fiscal year 2020, and energy consumption from conventional sources by 31%, with renewable energy now making up 49.79% of its total energy consumption.HCL Tech also replenishes 51 times more water than it consumes globally, achieving a water consumption rate of 10.68 liters per capita per day.

BOM:532281NSE:HCLTECH
Asia

HCL Technologies Expands Cooperation with NetApp for Hybrid Cloud STaaS

HCL Technologies (NSE:HCLTECH, BOM:532281) expanded its collaboration with intelligent data infrastructure company NetApp to offer hybrid cloud storage-as-a-service (STaaS).The service will allow companies to scale AI and data-driven workloads, alongside storage, performance, and data services, according to a Thursday Indian bourse filing.The model, which integrates HCLTech's Utility for Everything digital infrastructure framework with NetApp Keystone, will boost AI and GenAI applications alongside traditional enterprise systems.

BOM:532281NSE:HCLTECH
Asia

HCLTech Says No Evidence of Systems Breach After Hacker Group Data Claim

HCL Technologies (BOM:532281, NSE:HCLTECH) said its initial investigation found that the data may be limited and date back several years, with no evidence of a breach of its systems or engagement with any of its clients.The company said it is undertaking further investigation and will report any material findings.The clarification follows media alerts about claims by a hacker group that limited data on HCLTech employees may have been exposed.

BOM:532281NSE:HCLTECH
Asia

HCL Technologies Signs MoU With Odisha Government, Sarvam for AI Data Center

HCL Technologies (NSE:HCLTECH, BOM:532281) has signed a memorandum of understanding with the Government of Odisha and Sarvam to establish an AI data center at the upcoming Odisha Sovereign AI Park.The project involves a planned capital outlay of 142.57 billion Indian rupees, including financial assistance from the Odisha government, according to a Friday filing on Indian bourses. The facility will mark HCLTech's first AI data center.Shares of the company rose nearly 2% in recent trade.

BOM:532281NSE:HCLTECH
Asia

HCLTech Launches Global Technology Center in GIFT City

HCL Technologies (NSE:HCLTECH) has opened a Global Technology Center in Gujarat's GIFT City to deliver AI-led solutions to global financial services clients, according to a Friday exchange filing.The center will also serve as a hub for developing next-generation technology solutions and talent.HCLTech said it signed memoranda of understanding with the Indian Institute of Technology Gandhinagar and Gujarat Technological University to advance research in artificial intelligence for financial services, software development and skills training.GIFT City, the Gujarat International Finance Tec-City, is India's operational international financial services center, developed under Prime Minister Narendra Modi's government to compete with global financial hubs.

NSE:HCLTECH
Research

Prabhudas Lilladher Downgrades HCL Technologies to Hold from Accumulate; Price Target is INR1,160

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,265.50 Indian rupees, according to analysts polled by FactSet.

BOM:532281NSE:HCLTECH
Research

Citi Downgrades HCL Technologies to Sell from Neutral; Price Target is INR1,040

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,263.45 Indian rupees, according to analysts polled by FactSet.

BOM:532281NSE:HCLTECH
Research

CLSA Downgrades HCL Technologies to Hold from Accumulate; Price Target is INR1,191

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,263.45 Indian rupees, according to analysts polled by FactSet.

BOM:532281NSE:HCLTECH
Asia

Nomura Adjusts HCL Technologies' Price Target to INR1,290 From INR1,250, Keeps at Buy

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,268.91 Indian rupees, according to analysts polled by FactSet.

BOM:532281NSE:HCLTECH
Asia

Jefferies Adjusts HCL Technologies' Price Target to INR1,070 From INR1,165, Keeps at Underperform

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,268.91 Indian rupees, according to analysts polled by FactSet.

BOM:532281NSE:HCLTECH
Asia

HCL Technologies' Profit Climbs in Fiscal Q1

HCL Technologies (NSE:HCLTECH, BOM:532281) recorded a rise in attributable profit to $488 million in the quarter ended June 30, up from $450 million a year ago.Earnings per share stood at $0.18, an increase from $0.17 in the prior-year period, according to a Monday release.Revenue climbed to $3.65 billion from $3.55 billion previously.

BOM:532281NSE:HCLTECH
Asia

HCL Technologies Bags AI Deal Worth $1.4 Billion; Shares Surge

HCL Technologies (NSE:HCLTECH, BOM:532281) secured an order valued at $1.14 billion from an undisclosed Europe-based Fortune Global 50 company, according to a Friday filing to the Indian stock exchanges.The contract is for establishing an AI-driven operating model for the client's global digital workplace and enterprise networks. Its initial term runs to December 2031 and the contract comes with a five-year extension.Shares jumped nearly 7% in recent trade.

BOM:532281NSE:HCLTECH
Asia

Correction: HCLSoftware Completes Jaspersoft Acquisition; Shares Jump 4%

(Corrects company name in headline and first paragraph).HCL Technologies (NSE:HCLTECH, BOM:532281) said HCLSoftware has completed the acquisition of Cloud Software Group's Jaspersoft.The acquisition is effective July 1, according to a Thursday stock exchange filing.Shares of the company jumped over 4% in morning trade on Friday.

BOM:532281NSE:HCLTECH
Asia

HCL Technologies Completes Jaspersoft Acquisition; Shares Jump 4%

HCL Technologies (NSE:HCLTECH, BOM:532281) has completed the acquisition of Cloud Software Group's Jaspersoft.The acquisition is effective July 1, according to a Thursday stock exchange filing.Shares of the company jumped over 4% in morning trade on Friday.

BOM:532281NSE:HCLTECH
Research

ICICI Securities Downgrades HCL Technologies to Reduce From Hold; Price Target is INR910

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,336 Indian rupees, according to analysts polled by FactSet.

BOM:532281NSE:HCLTECH
Asia

Nomura Adjusts HCL Technologies' Price Target to INR1,250 From INR1,600, Keeps at Buy

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of 1,354.71 Indian rupees, according to analysts polled by FactSet.

BOM:532281NSE:HCLTECH
Asia

HCL Technologies Expands Google Cloud, ServiceNow Alliance for Enterprise AI Solutions

HCL Technologies (NSE:HCLTECH, BOM:532281) has expanded its partnership with Google Cloud and ServiceNow to develop and deploy AI agents on the Gemini Enterprise platform.The offering combines Google's AI models with ServiceNow's workflow platform to support enterprise use cases across areas including field services and IT operations, according to a company filing on Thursday. HCLTech said the solutions are designed to help organizations deploy AI tools within existing business processes.The company also introduced a manufacturing-focused assistant aimed at providing operational insights on factory floors.

BOM:532281NSE:HCLTECH
Asia

HDFC Securities Downgrades HCL Technologies to Add from Buy; Price Target is INR1,160

HCL Technologies (NSE:HCLTECH, BOM:532281) has an average rating of hold and mean price target of INR1,397.57, according to analysts polled by FactSet.

BOM:532281NSE:HCLTECH

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