Latest news with #HCLTechnologies'
Business Upturn
21-07-2025
- Business
- Business Upturn
HCLSoftware signs MoU with Swiss Network to join the Indo-Swiss innovation platform
By Aman Shukla Published on July 21, 2025, 12:19 IST HCL Technologies' software division, HCLSoftware, has signed a strategic Memorandum of Understanding (MoU) with the Swiss Network in India — including the Embassy of Switzerland, Swiss Business Hub India, and Swissnex — to become a part of the Indo-Swiss Innovation Platform. Launched under the Trade and Economic Partnership Agreement (TEPA) framework, the platform aims to strengthen bilateral digital collaboration between India and Switzerland. The MoU focuses on driving citizen-first digital transformation across critical GovTech areas such as e-governance, healthcare, edtech, sovereign collaboration, and agritech. Through this alliance, HCLSoftware will bring its deep expertise in enterprise technology and platform development — including solutions like HCL Total Experience, HCL Universal Orchestrator, AppScan, and BigFix — to co-develop practical, scalable solutions for public sector modernization. The company's XDO (Experience, Data, Operations) Blueprint will play a key role in shaping new governance models, streamlining service delivery, enhancing user experience, and enabling data-driven decision-making. The partnership also opens a two-way innovation corridor between Swiss and Indian stakeholders — involving government, startups, academia, and industry — to promote cross-border knowledge exchange and co-innovation. This move marks a significant step in advancing global GovTech collaboration and accelerating the creation of next-gen digital public services. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
News18
14-07-2025
- Business
- News18
Stock Market Updates: GIFT Nifty Signals A Muted Start For Sensex, Nifty; HCL Tech In Focus
Last Updated: Benchmark indices Sensex and Nifty are expected to be impacted on the first trading day of the week by multiple factors Sensex Today: Benchmark indices Sensex and Nifty are likely to open under pressure on the first trading day of the week, weighed by a host of global and domestic factors. Key triggers include India's June inflation data (both WPI and CPI), HCL Technologies' Q1 earnings, fresh trade tensions sparked by the US, China's June trade numbers, institutional flows, primary market activity, and overall weak global cues. India's consumer price index (CPI)-based inflation is expected to have declined further in June, staying below the Reserve Bank of India's 4 per cent target for the fifth consecutive month. Economists cite easing prices, especially in the food segment, along with a favourable base effect, as the main reasons. Retail inflation hit a 75-month low of 2.82 per cent in May, down from 5.08 per cent a year ago in June 2024. Global Cues Global markets started the week on a cautious note, largely reacting to a fresh wave of trade concerns. Over the weekend, US President Donald Trump announced a 30 per cent tariff on imports from the European Union and Mexico, effective August 1. The declaration, made via his platform Truth Social, has raised fears of a renewed trade war. While both the EU and Mexican leadership signaled willingness to negotiate, uncertainty looms over potential outcomes. There was a bright spot from Singapore, where GDP grew 4.3 per cent year-on-year in the second quarter, up from 3.9 per cent in Q1 and above the 3.5 per cent forecast. Quarter-on-quarter, the economy expanded by 1.4 per cent, bouncing back from a 0.5 per cent contraction—signaling economic resilience. In Asia, markets traded mixed. Japan's Nikkei was down 0.39 per cent, and the broader Topix slipped 0.34 per cent. Australia's ASX 200 dipped 0.14 per cent, while South Korea's Kospi defied the trend, rising 0.53 per cent. US futures were also in the red during Asian hours. Dow Jones futures fell 0.63 per cent, S&P 500 futures dropped 0.33 per cent, and Nasdaq 100 futures were down 0.22 per cent. Wall Street had closed lower on Friday. The Dow Jones lost 279.13 points (0.63%) to settle at 44,371.51. The S&P 500 declined 0.33 per cent to 6,259.75, and the Nasdaq Composite shed 0.22 per cent to finish at 20,585.53—capping a downbeat week for US equities. view comments First Published: July 14, 2025, 09:14 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
28-04-2025
- Business
- Time of India
Reduce HCL Technologies, target price Rs 1,390: ICICI Securities
ICICI Securities has a reduce call on HCL Technologies with a target price of Rs 1390. The current market price of HCL Technologies is Rs 1586.9. HCL Technologies, incorporated in 1991, is a Large Cap company with a market cap of Rs 430577.24 crore, operating in the IT Software sector. HCL Technologies' key products/revenue segments include Software Development Charges and Computer Hardware & Software for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 30695.00 crore, up 1.08% from last quarter Total Income of Rs 30367 crore and up 6.16% from last year same quarter Total Income of Rs 28915.00 crore. The company has reported net profit after tax of Rs 4309. crore in the latest quarter. The company's top management includes Nadar, Balasubramanian, Mr.R Srinivasan, Narayanan, John England, Chellappa, Kapoor, Vasudeva, Sieber, Madhavan, Shankara Sastry, Ann Abrams, Malhotra, Mr.C Vijayakumar, Nadar Malhotra, Fang Chew. The company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 271 crore shares outstanding. Investment Rationale HCL Technology's FY26 revenue organic guidance of 1?4% YoY CC appears optimistic at its upper end, implying -0.6% to 0.9% organic CQGR. It is supported by an exit growth rate of 1.6%. Management mentioned that it did not see any project deferral or ramp-down due to tariff-related uncertainties in Q4FY25. However, it expects weakness in retail and manufacturing along with an adverse spillover to other verticals amid macro weakness. Q4 deal TCV was strong, at USD 2.995bn, up 43%/30.8% QoQ/YoY. The pipeline too is strong; however, heightened uncertainty persists in deal conversion. ICICI Securities cut its FY26E/FY27E EPS by 2%/2.4%, on the basis of lower revenue estimates. They value HCL Technologies on an SoTP basis ? services (IT and ER&D) at 20x and products at 18x on Q4FY26E?Q3FY27E EPS. The target price stands at Rs 1,390. The brokerage has retained REDUCE call. Promoter/FII Holdings Promoters held 60.81 per cent stake in the company as of 31-Mar-2025, while FIIs owned 19.15 per cent, DIIs 15.39 per cent.
Time of India
23-04-2025
- Business
- Time of India
What brokerages think of HCLTech's Q4 deal wins, tariff threats
Analysts' reactions to HCLTechnologies' March quarter results were a mixed bag. Strong deal wins during the period were welcomed as positives, but tariffs weighed on sentiments, prompting a rating cut here, a target price cut there. HCLTechnologies, the third largest IT services provider in the country, posted a net profit of Rs 4,307 crore in the three months to March 2025, up 8% from a year ago. Revenue for the period rose 6% to Rs 30,246 crore. Ebit (earnings before interest and taxes) was up 8% on year to Rs 5,442 crore, while the EBIT margin improved 34 basis points year-on-year to 17.9%. The company has managed to outgrow its peers amid macro uncertainty, while the results were in line with expectations, said brokerage Nuvama in a note. Revenue growth slipped on account of seasonality, but margins were stable. The deal pipeline remains close to all-time highs despite strong deal conversion, indicating more deal wins to come. The brokerage upgraded the stock to 'buy', with target price maintained at Rs 1,700. HCLTech reported net new bookings of $3 billion, the second highest after the quarter ended September 2022, bringing its total TCV in fiscal year 2025 to $9.4 billion. These deals were well-distributed across geographies, service lines, and verticals, said Choice Equity Broking. The deal pipeline is near all-time highs, with generative AI and AI capabilities leading engagements, said Motilal Oswal, adding that deal bookings in the March quarter indicate a strong June quarter performance. Analysts at the brokerage retained their 'buy' rating with a target price of Rs 1,480. Live Events Tariff concerns loom Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories However, concerns remain over the impact of reciprocal US tariffs. Since the heightened levies are expected to pose an immediate and higher impact on retail, consumer packaged goods and manufacturing clients, HCLTech's exposure to them would impact revenue growth, said Kotak Institutional Equities. After the initial hit on retail and manufacturing, the IT major's management sees the pain spreading to other industries as well, with a lag, Kotak said. The brokerage has a 'reduce' rating on the company with a target price of Rs 1,500. Tariffs and de-globalisation may lead to budget cuts, contract renegotiations or delays, impacting growth in the near to mid-term for HCLTech, said Choice Equity. However, this could also create opportunities for cost optimisation and supply chain diversification, where enterprises are expected to accelerate AI adoption to modernise core systems, the brokerage further added. Choice Equity has revised its rating on HCLTech to 'add' from 'buy', and lowered its target price to Rs 1,580 from Rs 1,807 earlier.
Mint
21-04-2025
- Business
- Mint
HCL Technologies shares jump 4% ahead of Q4 results 2025. What to expect from IT major's earnings?
HCL Tech Q4 preview: HCL Technologies' share price rallied 3% in intraday deals on Monday, April 21, ahead of the announcement of the March 2025 quarter earnings, slated to be released on Tuesday. After IT majors – Tata Consultancy Services (TCS), Infosys and Wipro – reported disappointing earnings for the fourth quarter of the financial year 2024-25 (Q4 FY25), amid headwinds like global recession fears, demand uncertainty and tariffs imposed by the US government, all eyes are now on HCL Technologies' Q4 reportcard to see if India's third largest IT company follows suit or surprises on the positive side. 'Following the results announcement, senior management of HCL Technologies will conduct audio conference call at 7:30 p.m. (IST) for 60 minutes to discuss the results followed by the detailed question-answer session,' HCL Tech said in a release on Wednesday. Analysts expect HCL Technologies to post nearly 9% rise in the net profit for the March 2025 quarter while revenue is seen rising in the 5-7% range on a year-on-year (YoY) basis. ICICI Securities sees an 8.9% rise in HCL Tech's net profit in Q4 FY25 to ₹ 4,354.5 crore while the figure could decline by 5.2% from ₹ 4,592 crore posted in the previous quarter ended December 2024. The brokerage expects the revenue to rise 7.3% YoY to ₹ 30,573 crore. On a quarter-on-quarter (QoQ) basis, it could grow 2.3%. "We build -0.2% USD/+0.2% CC QoQ revenue growth, in-line with QoQ growth implied by full year guidance of 4.5% to 5% for FY25. Q4 will include 2-month contribution from HPE acquisition of ~USD 40 million," ICICI Securities said. It further expects EBIT margin to decline by ~60bps QoQ to 16% led by seasonal weakness in products business and senior management wage hike. Meanwhile, JM Financial sees a 8.7% jump in Q4 PAT to ₹ 4,332.6 crore whereas it sees the revenue growing by 5.2% YoY to ₹ 29,986.4 crore. "We are building -0.75%/5.1%/-14% QoQ growth in IT Services/ERS/ Product & Platform business in USD terms. We have built USD 50 million contribution from CTG (part of ERS), which implies an incremental contribution of 32 million (90bps QoQ)," said the brokerage. HCL Tech share price jumped over 4% in intraday deals ahead of the Q4 results tomorrow. The stock opened at ₹ 1,438.05, and extended gains to the day's high of ₹ 1,498.90, up 4.23% over its previous close. HCL Technologies shares have lost 17.01% in the last three months, however, it has risen 3.27% in the past one year. In the past five years, the IT major has delivered multibagger gains to the tune of 228.04% to its investors, shows BSE data. As of 1.00 pm today, HCL Tech share price was trading at ₹ 1498.30 , up 4.19%.
