HCL Technologies Ltd and SuperH Inc signed a pact enabling HCL Tech to become a member of the 'SuperH Design Agency' program.
Infosys had bid at 600 pence a share for the UK company. Infosys will get the one per cent inducement fee that Axon has to pay to the party unable to close the deal.
Though a weak dollar will lend some support to revenues and margins in FY21, the demand environment will outweigh any gain.
A 700-750 pence per share final price for Axon ($900-910 million) cannot be ruled out by the time the bidding war ends, say CLSA analysts. However, regardless of whoever wins this largest overseas acquisition, Emkay Global Financial Services analysts opine that Axon could well prove to be a winner's curse since a long-drawn bidding war might tell on the bottom lines of both firms.
Eyeing to make 8 buys to meet their revenue guidance.
The $55 billion Remote Infrastructure Management business is on the topmost agenda of an increasing number of Fortune 500 companies and Global 500 enterprises.
The company will be taking its total outsourcing offering to the retailers in the small and medium enterprise category, whereas for the large retailers, it will pitch the best-of-the-breed target solutions to cater to specific problems.
Raises offer 8.3 per cent; Infosys says it is 'considering its position'.
Software exporter HCL Technologies on Tuesday reported a standalone net profit of Rs 192.94 crore (Rs 1.92 billion) for the quarter ended June 30, 2009, while it had a net loss of Rs 13.54 crore (Rs 135.4 million) in the corresponding period previous fiscal.
HCL Technologies Ltd, India's fifth largest software services exporter, reported on Monday its quarterly profit fell from a year earlier.\n\n\n\n
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The company had hedged $2.5 billion as of March 2008, but unwound its position reducing its exposure to $1.7 billion as on June 30. The unwinding resulted in a loss. An analyst tracking the firm said: "This was expected as HCL Tech had a major portion of its hedges in forward cover. Since the company has unwound $540 million of forward covers, a major part of which will show up in other income.
Company's revenue growth is likely to be volatile going ahead
Major IT firms Dell, Intel, Aricent, HCL Technologies, Wipro, Lenovo, Nokia and Tulip Telecom, among others, have realised that "going green" is profitable business. Not only does it require a low initial investment but it also earns them brownie points for helping in reducing e-waste.
The six IT majors -- TCS, Infosys, Wipro, Satyam, HCL Technologies and Congizant -- along with two BPO giants Genpact and WNS are recording a yearly growth rate of over 40 per cent, according to technology consultancy firm Everest Group. Apart from these big names, all the other smaller players are struggling at a growth rate of around 20 per cent a year, Everest Group CEO Peter Bendor-Samuel told PTI.
New Delhi-based IT software development and services provider, HCL Technologies, is set to invest Rs 1,000 crore (Rs 10 billion) in its new technology hub, which was inaugurated at Noida, near New Delhi. The company expects the new facility to generate over $1 billion from software exports annually, and is targeting a 30 per cent growth in revenues over the next five years.
IT firm HCL Technologies on Wednesday said its net profit declined by 42 per cent to Rs 152.57 crore (Rs 1.52 billion) in the third quarter ended March 31, 2009.
Focussing its attention on technology and, research and development based outsourcing, HCL BPO will open an offshoring centre in Pondicherry in 2006
Global IT solutions provider HCL Technologies Ltd has signed a five-year multi-million dollar agreement with US-based Autodesk Inc to provide offshore application and data centre services.
Talent squeeze has been eroding some benefits of Indian vendors.
Industry experts are of the opinion that the spurt in recruitment happened as IT services firms went aggressive on hiring in anticipation of a strong demand environment.
HCL Technologies said on Tuesday it has formed a partnership with Canada-based Celestica to design, make and sell electronic components.
HCL Technologies on Friday entered into a joint venture with Japan-based NEC Corporation to provide offshore software engineering solutions for the latter.
At India's HCL Technologies, workers get to grade the boss, and everybody can see the ratings.
The government on Wednesday said foreign direct investment in IT and telecom sector is expected to go up by more than 100 per cent in 2006.
Will Infy spring a surprise in subdued second quarter?
Indian IT firms have piled up net cash in excess of Rs 20,000 crore
Situated in a special economic zone in Noida, HCL Technology's upcoming campus is spread across 46 acres of land. The half-constructed new HCL tech-hub provides a picture of the grandeur that is to follow as the campus is scheduled to be completed in the next five years.
HCL Great Britain is ranked alongside leading ICT companies such as Tesco and Nokia.
HCL Technologies Ltd on Thursday said it has entered into an agreement with IBM, through which it has acquired license rights to establish itself as the power architecture design center outside an IBM business line.
HCL Technologies empowers its staff to curb attrition increase operating efficiency.
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
HCL Technologies' infrastructure management subsidiary, HCL Comnet, on Wednesday inaugurated a new facility
On the macroeconomic data front, PMI data on manufacturing and services sector will also influence trading
IT services company HCL Technologies on Wednesday said it will shortly open its second outsourcing facility in Europe in Krakow, Poland.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances