C Vijayakumar

HCLTech and ServiceNow Partner to Deliver GenAI-led Solutions

Retrieved on: 
Thursday, March 7, 2024

HCLTech , a leading global technology company, and ServiceNow, the leading digital workflow company making the world work better for everyone, have announced a partnership to deliver new generative AI (GenAI)-led solutions.

Key Points: 
  • HCLTech , a leading global technology company, and ServiceNow, the leading digital workflow company making the world work better for everyone, have announced a partnership to deliver new generative AI (GenAI)-led solutions.
  • “We are delighted to double down on our partnership with ServiceNow to enable our clients to unlock value through GenAI.
  • “HCLTech offers a wealth of ServiceNow expertise to the world’s leading businesses,” said Bill McDermott, Chairman and CEO, ServiceNow.
  • HCLTech and ServiceNow will also launch a ServiceNow business unit and the ‘Fluid NOW' centers of excellence in London, New York and Noida for enterprises to explore the latest GenAI solutions that can accelerate their digital transformation journeys.

Ethisphere names HCLTech amongst the 2024 World's Most Ethical Companies®

Retrieved on: 
Monday, March 4, 2024

HCLTech, a leading technology company, announced that it has received the coveted designation as one of World’s Most Ethical Companies® 2024 by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.

Key Points: 
  • HCLTech, a leading technology company, announced that it has received the coveted designation as one of World’s Most Ethical Companies® 2024 by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
  • “At HCLTech, we hold ourselves to high standards of governance and transparency.
  • “It is always inspiring to recognize the World’s Most Ethical Companies®.
  • “Companies that elevate best-in-class cultures of ethics and integrity set a standard for corporate citizenship for their peers and competitors to follow.

HCLTech Delivers a Stellar Quarter With Strong Performance Across Services and Software

Retrieved on: 
Friday, January 12, 2024

EBIT margin in the quarter was 19.8%, an expansion of 126 bps QoQ, underscoring strong execution and cost efficiencies.

Key Points: 
  • EBIT margin in the quarter was 19.8%, an expansion of 126 bps QoQ, underscoring strong execution and cost efficiencies.
  • The company won 18 large deals – six in Services and 12 in Software, with TCV of almost $2 billion.
  • “Our results this quarter have been remarkably strong, driven by strong momentum in both services and software businesses and a stellar operating margin.
  • “HCLTech delivered a stellar quarter with sequential growth driven by HCLSoftware and a spurt in the Telecom vertical and the ER&D segment.

HCLTech Expands Footprint in Romania With New Global Delivery Center in Iași

Retrieved on: 
Friday, December 8, 2023

HCLTech , a leading global technology company, announced the launch of its new Global Delivery Center (GDC) in Iași, Romania.

Key Points: 
  • HCLTech , a leading global technology company, announced the launch of its new Global Delivery Center (GDC) in Iași, Romania.
  • (Photo: Business Wire)
    The new state-of-the art center in Iași will provide next-generation digital, engineering, cloud and AI solutions.
  • The center expands HCLTech’s presence in Romania and underscores its commitment to the country as part of its nearshore strategy to serve global clients.
  • HCLTech has completed five years of operations in Romania and employs approximately 1,000 people across Bucharest, Iași, and Brasov.

HCLTech Delivers a Quarter of Strong Execution and Record Deal Bookings

Retrieved on: 
Thursday, October 12, 2023

The company reported record deal bookings of $4 billion for the quarter.

Key Points: 
  • The company reported record deal bookings of $4 billion for the quarter.
  • 16 large deals (including one mega deal) — 10 in services and six in software — contributed to this milestone.
  • Our new bookings of $4 billion this quarter is at an all-time high, driven by a standout mega deal.
  • During the quarter, HCLTech took its highly successful HCLTech Grant program to the Americas.

Verizon Business Forms Global Strategic Partnership With HCLTech for Managed Network Services

Retrieved on: 
Thursday, August 10, 2023

These improvements will help customers navigate increasingly complex operating environments -- across diverse locations, geographies, and devices -- while incorporating new technologies into their stack, including 5G, SD-WAN and SASE capabilities. HCLTech’s digital-native MNS platforms and customer interfaces are designed to help them manage that digitally, quickly, and seamlessly.

Key Points: 
  • Verizon Business today announced a strategic global partnership making HCLTech its primary Managed Network Services (MNS) collaborator in all networking deployments for global enterprise customers, bringing together two global leaders in enterprise networking.
  • To execute the tightly coordinated balance of responsibilities at enterprise scale, a select group of Verizon Business Global Customer Operations staff will transition to HCLTech.
  • “Our data-driven service delivery, advanced network capabilities and frictionless customer interfaces combined with the unique strengths and resiliency of the Verizon network will enable enterprises to drive better business outcomes and time to market.
  • I am excited to welcome the incoming employees from Verizon Business Global Customer Operations and look forward to a successful and fulfilling journey together.”
    *Gartner, Magic Quadrant for Managed Network Services, December 2022.

Verizon Business forms global strategic partnership with HCLTech for managed network services

Retrieved on: 
Thursday, August 10, 2023

These improvements will help customers navigate increasingly complex operating environments -- across diverse locations, geographies, and devices -- while incorporating new technologies into their stack, including 5G, SD-WAN and SASE capabilities. HCLTech’s digital-native MNS platforms and customer interfaces are designed to help them manage that digitally, quickly, and seamlessly.

Key Points: 
  • NEW YORK, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Verizon Business today announced a strategic global partnership making HCLTech its primary Managed Network Services (MNS) collaborator in all networking deployments for global enterprise customers, bringing together two global leaders in enterprise networking.
  • Verizon Business will continue to lead all customer acquisition, sales, solutioning, and overall planning and development with its customers.
  • To execute the tightly coordinated balance of responsibilities at enterprise scale, a select group of Verizon Business Global Customer Operations staff will transition to HCLTech.
  • I am excited to welcome the incoming employees from Verizon Business Global Customer Operations and look forward to a successful and fulfilling journey together.”
    *Gartner, Magic Quadrant for Managed Network Services, December 2022.

HCLTech Sustains Growth Momentum in Q1 FY24, Maintains Revenue Guidance

Retrieved on: 
Wednesday, July 12, 2023

During Q1 FY24, HCLTech sustained its growth momentum despite the challenging global macro environment.

Key Points: 
  • During Q1 FY24, HCLTech sustained its growth momentum despite the challenging global macro environment.
  • HCLTech retained FY24 revenue guidance at 6-8% in CC and EBIT margin at 18-19%.
  • “In Q1 FY24, our revenue and people strength sequentially moderated in line with the demand environment.
  • "HCLTech delivered 12.1% YoY revenue growth in INR this quarter, with Services growing at 12.9% YoY in INR.

HCLTech Selects SAP SuccessFactors Human Experience Management Suite for Strategic Human Resources Transformation

Retrieved on: 
Monday, May 15, 2023

HCLTech, a leading global technology company, announced the expansion of its long-standing partnership with SAP to drive digital transformation for enterprises.

Key Points: 
  • HCLTech, a leading global technology company, announced the expansion of its long-standing partnership with SAP to drive digital transformation for enterprises.
  • As part of the expanded collaboration, HCLTech has become a customer of and a global strategic service partner for SAP SuccessFactors Human Experience Management Suite (SAP SuccessFactors HXM Suite).
  • HCLTech will deploy the SAP SuccessFactors HXM Suite to enhance the experience of its 225,000+ people across the globe and make its recruitment and onboarding processes more agile.
  • As a multifaceted SAP partner, HCLTech will also enable enterprises globally to leverage SAP SuccessFactors HXM Suite along with its array of industry leading cloud offerings under CloudSMART.

HCLTech Delivers Another Year of Stellar Growth With Robust Deal Pipeline

Retrieved on: 
Friday, April 21, 2023

The company reported full year revenue $12.6 billion, up 9.6% YoY on the back of strong deal pipeline across its portfolio of digital, cloud, engineering and software.

Key Points: 
  • The company reported full year revenue $12.6 billion, up 9.6% YoY on the back of strong deal pipeline across its portfolio of digital, cloud, engineering and software.
  • Services revenue grew by 15.8% in CC and HCLSoftware Annual Recurring Revenue crossed $1 billion, up 5.2% in CC.
  • “We have delivered a stellar performance in FY'23, crossing ₹ 1,00,000 crores of revenue powered by Industry leading services growth of 15.8% in constant currency.
  • Cashflow conversion remains robust with OCF / PAT at 121% and FCF / PAT at 110%,” added Prateek Aggarwal, CFO, HCLTech.