Monday, 27 October 2014

HCL Tech acquires Life Sciences Competency by Amazon Web Services

HCL Technologies, a leading global IT services company, announced that it has acquired the status of Life Sciences Competency by Amazon Web Services (AWS). This acknowledgement is part of the AWS Partner Network (APN) Competency Program.

HCL is a global strategic consulting partner to AWS for building and providing enterprise cloud computing solutions and services on the AWS platform. HCL's cloud solutions for AWS include various horizontal offerings as well as vertical end-to-end platform as a service for pharmaceutical clinical research and development.

Achieving an APN Competency, like life sciences, allows partners to differentiate themselves to customers by showcasing expertise in a specific solution and/or vertical areas. For customers, the APN Competency Program is designed to highlight top quality APN partners who have a strong overall AWS practice and demonstrate customer success and technical proficiency. This enables HCL to demonstrate expertise through trained and certified technical and business professionals on AWS services. Together with AWS, HCL Technologies is providing complete cloud services and a cloud management portfolio that will give enterprise customers fast, flexible access to the cloud.

HCL is a leading provider of life sciences and healthcare business and technology services. HCL is the chosen service provider for enabling new growth drivers for its clients, offering them industry leading best practices, taking care of their compliance needs and ensuring reduced process cycle times. HCL's life sciences client base includes seven of the top 10 global pharmaceutical companies, seven of the top 10 medical devices companies, six of the top 10 health plans, three of the top five clinical research organizations and two of the top three data providers.

Friday, 17 October 2014

TCS, HCL Tech slump after quarterly earnings

After seeing initial volatility, key benchmark indices moved in a narrow range in morning trade. The barometer index, the S&P BSE Sensex, was currently trading below the psychological 26,000 mark, having alternately moved above and below that level in intraday trade so far. The Sensex was currently down 6.02 points or 0.02% at 25,993.32. The market breadth indicating the overall health of the market was negative. Meanwhile, foreign portfolio investors sold shares worth a net Rs 1128.37 crore yesterday, 16 October 2014, as per provisional data.
TCS tumbled after as the company's operating profit margin (OPM) dropped on sequential basis in Q2 September 2014 and after the company forecast the current period will be soft. HCL Technologies slumped as its earnings before interest, taxes, depreciation and amortization (EBITDA) declined 1.1% in Q1 September 2014 over Q4 June 2014. 
The CNX Nifty was up 4.40 points or 0.06% at 7,752.60. The index hit a high of 7,769.45 in intraday trade. The index hit a low of 7,729.65 in intraday trade, matching the intraday low hit yesterday, 16 October 2014, which was its lowest level since 13 August 2014.
The BSE Mid-Cap index was down 3.42 points or 0.04% at 9,240.53. The BSE Small-Cap index was down 4.69 points or 0.05% at 10,338.40.
The market breadth indicating the overall health of the market was negative. On BSE, 990 shares dropped while 980 shares rose. A total of 84 shares were unchanged.
TCS tumbled after as the company's operating profit margin (OPM) dropped on sequential basis in Q2 September 2014 and after the company forecast the current period will be soft. The stock was off 7.27% at Rs 2,484. The stock hit a high of Rs 2,509.50 and a low of Rs 2,451 so far in the day. On BSE, 2.35 lakh shares exchanged hands in the counter so far, compared with average daily volume of 75,777 shares in the past one quarter. The company's consolidated net profit fell 5.8% to Rs 5244 crore on 7.7% growth in revenue to Rs 23816 crore in Q2 September 2014 over Q1 June 2014. The operating profit rose 7.03% to Rs 6800.40 crore in Q2 September 2014 over Q1 June 2014. The OPM declined to 28.55% in Q2 September 2014, from 28.73% in Q1 June 2014. The result was announced after market hours yesterday, 16 October 2014.
TCS predicts a soft quarter in the three months through December as the holiday season slows outsourcing work at industries ranging from retail to manufacturing, Chief Executive Officer N. Chandrasekaran told reporters after the announcement of the second quarter results yesterday, 16 October 2014.
HCL Technologies slumped as its earnings before interest, taxes, depreciation and amortization (EBITDA) declined 1.1% in Q1 September 2014 over Q4 June 2014. The stock was off 6.44% at Rs 1,549.30. The stock hit a high of Rs 1,600 and a low of Rs 1,510.60 so far in the day. The company's consolidated net profit as per US accounting standards rose 2.1% to Rs 1873 crore on 3.7% growth in revenue to Rs 8735 crore in Q1 September 2014 over Q4 June 2014. EBITDA declined 1.1% to 2192 crore in Q1 September 2014 over Q4 June 2014. EBITDA margin dropped to 25.1% in Q1 September 2014, from 26.3% in Q4 June 2014. The result was announced before market hours today, 17 October 2014.
Among other IT stocks, Tech Mahindra (down 1.13%), MindTree (down 1.31%), MphasiS (down 1.52%), and Wipro (down 0.8%) declined.Infosys rose 0.17% at Rs 3,872.

HCL Tech tumbles after Q1 results

The result was announced before trading hours today, 17 October 2014.
Meanwhile, the BSE Sensex was up 29.45 points, or 0.11%, to 26,028.79.
On BSE, so far 1.02 lakh shares were traded in the counter, compared with an average volume of 43,069 shares in the past one quarter.
The stock hit a high of Rs 1,600 and a low of Rs 1,510.60 so far during the day. The stock hit a record high of Rs 1,775.40 on 7 October 2014. The stock hit a 52-week low of Rs 1,034 on 25 October 2013.
The stock had outperformed the market over the past one month till 16 October 2014, rising 3.03% compared with 1.86% fall in the Sensex. The scrip had also outperformed the market in past one quarter, rising 12.93% as against Sensex's 1.76% rise.
The large-cap company has an equity capital of Rs 140.26 crore. Face value per share is Rs 2.
HCL Technologies' earnings before interest & tax (EBIT) rose 2.4% to Rs 2088 crore in Q1 September 2014 over Q4 June 2014. EBIT Margin stood at 23.9% in Q1 September 2014, lower than 24.2% in Q4 June 2014.
The company's earnings before interest, taxes, depreciation and amortization (EBITDA) fell 1.1% to Rs 2192 crore in Q1 September 2014 over Q4 June 2014. EBITDA Margin stood at 25.1% in Q1 September 2014, lower than 26.3% in Q4 June 2014.
HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses.

HCL Tech Q1 net profit at Rs 16825.60 million

HCL Technologies Ltd has posted a net profit of Rs. 16825.60 million for the quarter ended September 30, 2014 as compared to Rs. 12909.70 million for the quarter ended September 30, 2013. 
Total Income has increased from Rs. 39580.80 million for the quarter ended September 30, 2013 to Rs. 44194.80 million for the quarter ended September 30, 2014.
The company has announced that the Board of Directors of the Company at its meeting held on October 17, 2014, inter alia, has declared an Interim dividend of Rs. 6/- per equity shares of Rs. 2/- each of the Company. The payment date of the said interim dividend shall be November 03, 2014. 

Monday, 31 March 2014

HCL Technologies - Avaloq and HCL Announce Strategic Partnership for Wealth Management Services

HCL Technologies Ltd has informed BSE regarding a Press Release dated March 31, 2014 titled "Avaloq and HCL Announce Strategic Partnership for Wealth Management Services".

Friday, 28 March 2014

HCL Technologies - Closure of Trading Window


HCL Technologies Ltd has informed BSE that in terms of the Companys Code of conduct for prevention of Insider Trading, the
Trading window for dealing in Equity shares of the Company shall remain closed from April 01, 2014 to April 17, 2014 (both days inclusive) for the purpose of declaration of un-audited financial results of the Company for the quarter and nine months ending March 31, 2014.

The Trading window shall reopen for dealing in securities in the Equity shares of the Company from the start of the business hours on April 18, 2014

HCL Technologies - Fixes Record Date for Interim Dividend

HCL Technologies Ltd has informed BSE that the record date for determining the entitlement of the shareholders for the payment of interim dividend shall be April 23, 2014, subject to approval of the interim dividend by the Board of Directors.