HCLSoftware, the enterprise software products unit of HCLTech, today announced the appointment of Vikrant Chowdhary as Senior Vice-President and Country Head for India. In this role, Chowdhary will lead HCLSoftware's India region business for growth and innovation across India's critical sectors, including Enterprise, BFSI, and Government segments. Chowdary will play a key role in leading HCLSoftware's Make in India commitment of being the largest India-based global enterprise software products company. Powered by Capital Market - Live

HCL Technologies (HCLTech) has been selected by the Tasman District Council in New Zealand to provide contemporary digital user experiences to employees and residents of the Tasman district. HCLTech will leverage Microsoft Dynamics 365 to move the Tasman District Council to an advanced digital system that will drive more meaningful interactions between the Council's 58,000 residents and staff. The new digital systems will leverage GenAI and automation technologies to ensure that customer processes such as service requests and application lodgments swill be faster and streamlined. Powered by Capital Market - Live

HCL Technologies Ltd rose for a third straight session today. The stock is quoting at Rs 1841.85, up 3.85% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.85% on the day, quoting at 24419.55. The Sensex is at 80155.08, up 0.85%. HCL Technologies Ltd has added around 3.65% in last one month. Meanwhile, Nifty IT index of which HCL Technologies Ltd is a constituent, has added around 0.66% in last one month and is currently quoting at 40424.6, up 3.68% on the day. The volume in the stock stood at 21.02 lakh shares today, compared to the daily average of 25.16 lakh shares in last one month. The benchmark November futures contract for the stock is quoting at Rs 1846.5, up 3.85% on the day. HCL Technologies Ltd is up 44.58% in last one year as compared to a 25.83% gain in NIFTY and a 35.29% gain in the Nifty IT index.The PE of the stock is 40.75 based on TTM earnings ending September 24.Powered by Capital Market - Live

HCL Technologies (HCL Tech) announced the creation of a new Singapore-based AI/Cloud Native Lab. HCLTech's Lab in Singapore will be the company's fifth in its global network, expected to open in 2025. The Lab, joining others in the US, UK, Germany and India, will be supported by EDB and assist enterprises in the region in accelerating their AI initiatives through HCLTech's comprehensive suite of integrated AI and GenAI offerings, including AI Force and AI Foundry. The Lab in Singapore will also partner with Nanyang Polytechnic and Singapore Polytechnic to collaborate on transferring knowledge and nurturing young talent and mid-career individuals In AI. 'Our Labs are a conducive starting point for enterprises that want to embark on a collaborative journey to develop blueprints for AI and GenAI-led efficiencies, new business capabilities, skilling roadmaps and overall organizational competitive advantage with a pragmatic approach,' said Vijay Guntur, Chief Technology Officer and Head of Ecosystems, HCLTech. 'We are very excited to add Singapore to our network, which will go a long way in further strengthening Singapore's position as a regional hub for AI innovation,' he added.Powered by Capital Market - Live

HCLTech, a leading global technology company, today released The Global Cyber Resilience Study 2024-25, detailing strategic priorities aimed at bolstering cybersecurity readiness and resilience. The report compiles perspectives from 1500+ leaders across industries in North America, Europe, and Australia and New Zealand. According to the report, 81% of the security leaders anticipate a cyberattack on their organizations in the next 12 months while only 48% believe they can prevent one. 54% of the security leaders identify AI generated attacks as the biggest security risk. 76% of the security leaders faced high to moderate challenges in resuming business fully in the aftermath of a cyberattack. North America witnessed the highest incidence of reported attacks at 64% of surveyed security leaders indicating their organization had been targeted, followed by 57% in Europe and 51% in the Australia-New Zealand region. In response to these rising threats, 63% of security leaders plan to increase cybersecurity investments over the next 12 months. Improving compliance and risk management emerged as the top priority for 84% of respondents, followed closely by investments in SOC automation (76%) and incident response and recovery capabilities (75%), reflecting a clear focus on strengthening both proactive and reactive cybersecurity measures. While only 35% of security leaders feel confident in their in-house expertise to manage cybersecurity risks, 90% expect to continue relying on external sourcing to bolster their capabilities. Additionally, only 37% feel they are effective in communicating their organization's IT security posture to the board and C-suite, highlighting a gap in both internal expertise and strategic communication at the leadership level.Powered by Capital Market - Live

HCL Technologies (HCLTech) and the New South Wales Government's transport and roads agency, Transport for NSW, have extended their ongoing partnership to enable world-class transport services and experience for customers. Under a new five-year agreement, HCLTech will deliver end-to-end managed services for business-critical and operational applications, platforms, and cloud operations with embedded security services. This will also include continuous improvement, AI and automation-driven innovation, and major enhancement services. This partnership will provide a future-ready platform for onboarding transport applications, services and business areas. HCLTech will focus on scaling and futureproofing Transport for NSW's technology by building a resilient, reliable, secure application and platform landscape. Powered by Capital Market - Live

The domestic equity indices traded with limited losses in mid-afternoon. The Nifty traded below the 25,100 level after hitting the day's high of 25,212.05 in early trade. Pharma shares declined after advancing in the past two trading sessions. At 14:30 IST, the barometer index, the S&P BSE Sensex was down 136.61 points or 0.17% to 81,843.25. The Nifty 50 index fell 63.60 points or 0.25% to 25,064.35. In the broader market, the S&P BSE Mid-Cap index rose 0.01% and the S&P BSE Small-Cap index added 0.70%. The market breadth was negative. On the BSE, 1,917 shares rose and 1,978 shares fell. A total of 112 shares were unchanged. Economy: The Government of India (GoI) has announced the sale (re-issue) of (i) '7.02% Government Security 2031' for a notified amount of Rs 10,000 crore (nominal) through price based auction using multiple price method, (ii) '7.23% Government Security 2039' for a notified amount of Rs 13,000 crore (nominal) through price based auction using multiple price method and (iii) '7.09% Government Security 2054' for a notified amount of Rs 10,000 crore (nominal) through price based auction using multiple price method. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each security mentioned above. The auctions will be conducted by the Reserve Bank of India, Mumbai Office, Fort, Mumbai on October 18, 2024 (Friday). Up to 5% of the notified amount of the sale of the securities will be allotted to eligible individuals and institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities. Buzzing Index: The Nifty Pharma index fell 0.63% to 25,530.60. The index rose 0.95% in the past two trading session. Natco Pharma (down 2.65%), Divis Laboratories (down 2.27%), Granules India (down 2.05%), Gland Pharma (down 2.03%), Aurobindo Pharma (down 1.42%), Cipla (down 1.23%), Mankind Pharma (down 0.93%), Glenmark Pharmaceuticals (down 0.65%), Sun Pharmaceuticals Industries (down 0.54%) and Laurus Labs (down 0.52%) edged lower. On the other hand, J B Chemicals & Pharmaceuticals (up 2.73%) ,Biocon (up 1.46%) and Ipca Laboratories (up 1.29%) edged higher. Numbers to Track: The yield on India's 10-year benchmark federal paper advanced 1.61% to 6.891 as compared with previous close 6.894. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.0675, compared with its close of 84.0500 during the previous trading session. MCX Gold futures for 5 December 2024 settlement rose 0.13% to Rs 76,148. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.16% to 103.13. The United States 10-year bond yield slipped 1.19% to 4.076. In the commodities market, Brent crude for November 2024 settlement lost $3.12 or 4.03% to $74.34 a barrel. Stocks in spotlight: HCL Technologies rose 0.67%. The company's consolidated net profit fell 0.52% to Rs 4,237 crore in Q2 FY25 as compared with Rs 4,259 crore in Q1 FY25. Revenue from operations increased 2.87% YoY to Rs 28,862 crore during the quarter. Active Clothing Company surged 9.87% after the company announced the signing of a contract manufacturing agreement with Puma Sports India. Landmark Cars added 2.11% after the company reported 13.84% increase in total revenue from operations to Rs 1,275 crore in Q2 FY25 from Rs 1,120 crore in Q2 FY24. Powered by Capital Market - Live

Revenue from operations increased 2.87% YoY to Rs 28,862 crore during the quarter. On a year on year (YoY) basis, the company's net profit and revenue for Q2 FY25 are higher by 10.54% and 8.21%, respectively. EBIT stood at 5,362 crore in Q2 FY25, up 11.8% QoQ and 8.7% YoY. EBIT margin was 18.6% for Q2 FY25 as compared with 17.1% in Q1 FY25 and 18.5% in Q2 FY24. In dollar terms, the IT firm's revenue for the period under review was $3,445 million in Q2 FY25, down 1.6% QoQ and up 6.8% YoY. In constant currency (cc) terms in September'24 quarter, revenue jumped 1.6% QoQ and 6.2% YoY. Total contract value (TCV) of new deal wins was $2,218 million at the end of September 2024 quarter. Total people count stood at 218,621 in Q2 FY25, down 0.36% QoQ and 1.14% YoY. LTM attrition rate was at 12.9% for Q2 FY25 as against 12.8% for Q1 FY25 and 14.2% for Q2 FY24. In FY25 guidance, the company's CC revenue growth expected to be between 3.5% -5.0% YoY. Services revenue growth expected to be between 3.5% - 5.0% YoY in CC. EBIT margin expected to be between 18.0% ' 19.0%. The board of HCL Tech has declared an interim dividend of Rs 12 per equity share for the financial year 2024-25. The record date is fixed on 22 October 2024 and the dividend will be paid on 30 October 2024. C Vijayakumar, CEO & managing director, HCL Tech, said, 'We delivered a strong quarter with revenue growing 1.6% QoQ in constant currency and EBIT coming in at 18.6%. This growth was well distributed across verticals, geographies, and offerings. HCL Software has delivered a stellar performance of 9.4% YoY this quarter and 6.4% growth in H1 FY25 in constant currency, demonstrating the increasing relevance of our products for the digital economy. Our pipeline is very strong, including Data & AI, Digital Engineering, SAP migration and efficiency led programs. Our GenAI offerings like AI Force and AI Foundry are resonating very well with our clients and should be drivers of efficiency, growth, and innovation over the medium term.' HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). The scrip advanced 0.64% to Rs 1867.95 on BSE. It also hit an all-time high at Rs 1,882 in intraday today.Powered by Capital Market - Live

Revenue from operations increased 2.87% YoY to Rs 28,862 crore during the quarter. On a year on year (YoY) basis, the company's net profit and revenue for Q2 FY25 are higher by 10.54% and 8.21%, respectively. EBIT stood at 5,362 crore in Q2 FY25, up 11.8% QoQ and 8.7% YoY. EBIT margin was 18.6% for Q2 FY25 as compared with 17.1% in Q1 FY25 and 18.5% in Q2 FY24. In dollar terms, the IT firm's revenue for the period under review was $3,445 million in Q2 FY25, down 1.6% QoQ and up 6.8% YoY. In constant currency (cc) terms in September'24 quarter, revenue jumped 1.6% QoQ and 6.2% YoY. Total contract value (TCV) of new deal wins was $2,218 million at the end of September 2024 quarter. Total people count stood at 218,621 in Q2 FY25, down 0.36% QoQ and 1.14% YoY. LTM attrition rate was at 12.9% for Q2 FY25 as against 12.8% for Q1 FY25 and 14.2% for Q2 FY24. In FY25 guidance, the company's CC revenue growth expected to be between 3.5% -5.0% YoY. Services revenue growth expected to be between 3.5% - 5.0% YoY in CC. EBIT margin expected to be between 18.0% ' 19.0%. The board of HCL Tech has declared an interim dividend of Rs 12 per equity share for the financial year 2024-25. The record date is fixed on 22 October 2024 and the dividend will be paid on 30 October 2024. C Vijayakumar, CEO & managing director, HCL Tech, said, 'We delivered a strong quarter with revenue growing 1.6% QoQ in constant currency and EBIT coming in at 18.6%. This growth was well distributed across verticals, geographies, and offerings. HCL Software has delivered a stellar performance of 9.4% YoY this quarter and 6.4% growth in H1 FY25 in constant currency, demonstrating the increasing relevance of our products for the digital economy. Our pipeline is very strong, including Data & AI, Digital Engineering, SAP migration and efficiency led programs. Our GenAI offerings like AI Force and AI Foundry are resonating very well with our clients and should be drivers of efficiency, growth, and innovation over the medium term.' HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). The scrip advanced 0.89% to end at Rs 1,856 on Monday, 14 October 2024.Powered by Capital Market - Live

HCL Technologies announced that the Board of Directors of the Company at its meeting held on 14 October 2024, has recommended a Interim dividend of Rs.12 per share (i.e.600%), subject to the approval of the shareholders.Powered by Capital Market - Live