This year HCL Technologies rebranded itself to HCLTech. HCL has a legacy that spans more than four decades, famous for getting the NSE digitization contract in 1993 and coming out with an IPO in 1999. It launched Industry NexT to accelerate Industry 4.0, focused on the transformation of businesses.
HCLTech works with more than 500 clients in the Forbes 2000 List across verticals like financial services, manufacturing, life sciences & healthcare, telecom, retail and public services. It has been positioned as a Leader in the Gartner Magic Quadrant for Managed Network Services.
Financials: Globally, HCL Tech is a $10 billion+ company and this year it ended with a revenue in excess of Rs 85,000 crore, with a growth of close to 14% and a profit before tax at close to 19%.
HCL Tech signed more than 50 new large deals, according to its annual report, and a 60% total increase in $100 million plus clients over the last 3 years. It crossed the landmark of having more than 2 lakh employees spread across 52 countries and 210 delivery centres. It also announced its intention to create 12,000 new jobs in the US over the next 5 years. Of the revenue, IT and Business Services constituted a lion’s share of 72% with the rest going to Engineering and R&D Services along with Products and Platforms.
In terms of latest news, their second quarter Fy 2023 revenue stood at ₹24,686 crore, up 5.2% QoQ and 19.5% yoy with a net margin of 14.1%, up 13 bps QoQ. In terms of Fy’23 guidance, services revenue is expected to grow 16%–17% yoy.
Esta historia es de la edición December 2022 de DataQuest.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 2022 de DataQuest.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Navigating Chaos: Ensuring Trust in Digital Communication
Amid Escalating Fraud Risks, CPaaS Tools Emerge as Crucial Allies. SMS, Despite Vulnerabilities, Retains Vital Role in Real-Time Alerts within a Turbulent Digital Landscape
Multimodal AI for Media and Entertainment: Transforming Creativity and Engagement
Multimodal AI sets new standards in personalization and interactivity within the digital media landscape.
Transforming Your Flying Experience with AI
Are you still flying the old way? Check out AIonOS, and see how it's going to transform your regular flying experience.
IoT Security Best Practices
With increasing integration of IT and OT systems, organizations must develop a comprehensive IoT network strategy to safeguard themselves
Edge Computing Elevating Telecom's Realm Beyond loT
Edge computing heralds a new era in telecommunications, propelling the industry toward unprecedented levels of efficiency, reliability, and innovation. And, the rapid integration of Internet of Things (IoT) devices in telecom industry is reshaping industries. Yet, the surge in IoT adoption brings forth a pressing challenge: the imperative for low-latency processing. Enter edge computing, a pivotal solution offering the infrastructure necessary to power real-time applications and elevate the performance of telecom networks.
Time for Good Voodoo Dolls! Time for Digital Twins!
Why waste resources, material, experts, downtime and effort in actual machines, processes or systems? Why not use some digital Juju?
IoT Devices and Zombie Mushrooms - It's Time
They are small, they are out there everywhere, they are supposed to help the tree trunk. But what if the tiny creatures we celebrate as IoT sensors and devices are hijacked by a mind-control fungus? Let's remove the 'if'. Here's why
Forward and Onward
Jigar Mehta, Managing Director, Onward Tech in conversation with Minu Sirsalewala, Executive Editor, Dataquest, elucidates why Onward Technologies has placed its bets on a pure-export business strategy, the no-IP stance and on that big chunk of huge R&D contracts of global companies that are waiting to be tapped. And how being a young company is helping with advantages and challenges unique to that stage. Global Vision, Local Talent: Onward Technologies' Strategic Pivot to International Markets\"
Building Enterprise Trust: Essential for Indian Businesses in the Digital Era
As Indian businesses navigate a rapidly evolving landscape, the importance of building and maintaining enterprise trust has never been more critical. In this piece, we explore why trust is paramount, the factors eroding it, and actionable steps organizations can take to foster trust, leveraging data and analytics for greater transparency and accountability.
Decoding Retail Stock Broking: Angel One's Data-Driven Success Story
Exploring the dynamic retail stock broking sphere, Angel One Limited, under the leadership of Chief Technology Officer (CTO) Jyotiswarup Raiturkar, thrives within a vast market domain. With the industry witnessing rapid expansion driven by technological innovations, Angel One's strategic prowess has secured a prominent position within this flourishing market. He discusses how Angel One's innovative approach has not only reshaped its operational framework but also cemented its presence within the expanding retail stock broking market.
