Lokesh Nara’s Post

HCL tops the charts! 🇮🇳 Now the biggest IT company in India. This is a major milestone for the company and a testament to the strength of the Indian IT sector. 🇮🇳 The IT industry is a powerhouse of the Indian economy, and HCL's achievement is sure to inspire other domestic tech giants. What do you think the future holds for Indian IT? #HCL #ITPower #DigitalIndia #MadeInIndia #TechGiant #MarketLeader

HCLTech, India’s third-largest information-technology services company, has maintained its FY25 revenue growth guidance in the range of 3-5 per cent. Noida-headquartered HCLTech’s net profits for the first quarter of FY25 came in at Rs 4,257 crore. Profits were up 20.4 per cent year-on-year (Y-o-Y), and grew 6.8 per cent sequentially. Revenue for the quarter grew 6.7 per cent Y-o-Y at Rs 28,057 crore. On a sequential basis, revenue growth was down 1.6 per cent. HCLTech’s Q1 revenue performance marginally beat Bloomberg estimates and profits were ahead of them. Bloomberg had estimated revenue to be Rs 28,024 crore and net profits Rs 3,845 crore. mm

HCL TECH CMP 1562 HCL Tech Q1 results: Net profit rises 20% to Rs 4,257 crore; firm declares Rs 12 dividend HCL Technologies (HCLTech) on July 12 reported its Q1FY25 consolidated net profit rose 20 percent to Rs 4,257 crore as against Rs 3,534 crore in the year-ago period. The Noida-headquartered IT services firm's revenue from operations rose 6.7 percent to Rs 28,057 crore in Q1FY25 as compared to Rs 26,296 crore in Q1FY24.

Bootstraps to Billions -here's the Journey Happy 48th Anniversary to HCL Technologies! 🎉 Celebrating the incredible journey from its inception on August 11, 1976, to becoming a global tech leader. Here's to many more years of innovation, growth, and success! Wishing everyone a Happy HCL Day! From an initial investment of Rs 18,700 to creating a company that now generates revenues worth Rs 24,000 cr, here's how HCL took over IBM when Shiv Nadar sensed a boom in the IT sector much before anyone else. Born without a silver spoon in 1945, in a village in Tamil Nadu, Shiv did electronics engineering from Coimbatore. •Early job days After graduation, he began his #career at the Walchand group in Pune in 1967 and moved onto work at Cooper Engineering Company before getting another job at Delhi Cloth Mills. He used to work for 10-12 hours a day which made him realise that this was not what he was meant to do. Following his heart, he along with a few of his colleagues at Delhi Cloth Mills quit their own company called 'MicroComp Ltd' in 1975. They focused on selling tele digital calculators in the Indian market. • Turning point When IBM was exiting #India in 1976 due to political reasons 1976, Shiv realised that India did not have many computer players back then. He quickly grabbed the opportunity, and created HCL with an initial investment of Rs 18,700. Impressed by Shiv’s vision, the Uttar Pradesh government had given him Rs 20 lakh as #grant in exchange of 26% in the company. That's how HCL became one of the first Public-Private Partnerships. However, the Gov had suggested changing the name to Uttar Pradesh Computers Limited (UPCL). But Shiv chose to keep the name, "Hindustan Computers Limited" (HCL) as it had a nationwide resonance. When IBM returned to the Indian markets, it was charging Rs 500,000 per year just to lease this #computer. HCL destroyed their competition by introducing a computer that one could buy, not lease for just Rs 300,000! A smart move indeed. Their first international headquarters was in Singapore in the name of 'Far East Computers', when HCL was worth Rs 3 cr & was already making Rs 10 lakh a year in sales. • His giveback in #education: Shiv saw that India lacked young trained employees ready to take up jobs in the IT sector. He started an educational institution, and from there on many followed. For this, he was called a “Magus” (wizard) by his friends, since he focused on developing the educational system of India through the Shiv Nadar Foundation. In 2008, he was honoured with Padma Bhushan. Recently, in July 2020, Shiv stepped down as the Chairman of HCL & continues as the MD. His daughter, Roshni Nadar Malhotra took over the position of Chairperson, becoming the first woman to lead a listed IT company in India. HCLTech #hcltech

HCLTech is exploiting it's voice process employees and harassing them like I've never seen before. Even though the employees are contracted to have 2 months of notice period, they are forced to serve 3 months and even then their notice period keeps on getting extended. The employees are not allowed to take any leaves int he entire year, even if planned ahead. They keep getting calls from managers even on weekends and week offs...they're paying peanuts for 9-10 hrs of work and After a full year of hardwork, the employees are given a measly increment of less than INR 500. The employees are junior level employees with little to no bargaining power. It's beyond pathetic.. The employees are treated worse than slaves. And when an employee falls sick and needs to take medical leave with note from doctor, the manager marks their feedback for the month as "needs improvement" because the employee fell sick. Please beware if anyone plans to join HCLTech. #employeeharrassment #poorhrpractices #hclsucks

HCLTech revenue up 5.9%, to roll out hikes in October - Times of India BENGALURU: HCLTech's revenue rose by 5.9% in constant currency in the Sept quarter compared to the year-ago period. Its revenue grew by 1.6% quarter-on-quarter despite the State Street divestment. The firm consolidated its operations in India, acquiring a 49% stake in State Street HCL Services, a joint venture between the global financial services firm and HCL UK, for $170 million.State Street has partnered with HCLTech for more than a decade. Its larger peer, TCS, saw a revenue growth of 5.... Read more here: https://lnkd.in/g_pgAZ_W . . Like 💝 Comment below ⏬ Share ✅ For More Such Updates Follow Us @qnewshub @qnewscrunch . . #qnewshub #qnewscrunch #Business

HCLTech headcount dips by 8,080 in Q1FY25 In the fourth quarter of FY24, ending in March, HCLTech was the only large player to increase its headcount, adding 2,725 employees despite the industry trend of reducing employees. #ITIndustryNews #HCLTech #EmployeeTrends #ITWorkforce #TechEmployment #TCS #TechSectorUpdates #ITServices #AttritionRates #QuarterlyResults #Keralanews #Kerala #BusinessReviewLive #BRL #Keralabusiness

HCL Technologies Smashes Q2 Expectations: Can They Keep Up the Momentum? With nearly 10% growth in their software business and better-than-expected EBIT margins, HCL Tech has raised the bar once again. Management has increased their FY25 revenue guidance to 3.5-5%,  confident in their strong pipeline and rising discretionary demand. The stock is at an all-time high after significant re-rating over the past year, but the big question remains: Can HCL's management continue to exceed expectations and support these valuations? #HCLTech #Q2Results #GrowthStory #Softwarebusiness #Ebitmargins #stock #StockMarket #TechStocks #InvestSmart 

HCL revenue up 5% in FY24, sees headcount rise Full Article Link >>> https://lnkd.in/g66imUJy BENGALURU: HCLTech’s revenue grew 5% in constant currency for FY24 , marking a significant decrease from the 13.7% growth recorded in the previous year. The company’s operating margin remained stable at 18.2% year-on-year.HCLTech CEO C Vijayakumar said, “We reacted with agility and maintained good momentum in the services and software businesses. Our operating margin has […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews

On June 28th, a significant block deal involving 1.24 crore equity shares of HCL Technologies took place, amounting to Rs 1,788.3 crore. The identities of the sellers and buyers remain undisclosed. This transaction involved 0.45% of HCL Tech's equity at Rs 1,440.5 per share, a slight 1% discount from the previous close. HCL Tech shares had risen by 0.8% the previous day, closing at Rs 1,455. HCL Tech has faced challenges this year, with its stock down nearly 2% year-to-date due to weak client spending in the US. In contrast, the Nifty 50 index has gained over 10% in the same period. However, HCL Tech has outperformed Nifty 50 in the past month. This week, Macquarie upgraded HCL Tech to 'outperform,' raising the target price to Rs 1,800, indicating a 24% potential upside from the last closing price. Macquarie's optimism is based on expected margin improvements for FY26 and FY27. HCL Tech's profit margins have been under pressure due to extensive hiring and workforce expansion to support business growth, temporarily increasing costs. Recently, the company has shifted its hiring strategy to onboard more freshers at lower pay scales, helping to keep workforce costs low. Macquarie anticipates that while margins in FY25 may remain muted, the increased utilization of new workforce will aid in margin expansion in FY26 and FY27. #HCLTech, #EquityShares, #BlockDeal, #StockMarket, #Investing, #FinanceNews, #ITStocks, #Macquarie, #StockUpgrade, #ProfitMargins, #WorkforceExpansion, #HiringStrategy