According to a regulatory filing, HCL Technologies, through its step down subsidiary – HCL America Inc – will acquire 100 per cent stock of Telerx Marketing that operates as C3i Solutions.
Under this programme, the selected students will be given 12 months training and later absorbed by the company. The first batch of such trainee students will start at HCL Lucknow campus from May 1, he said, adding, this initiative will be implemented in other campuses as well.
During the fiscal second quarter, the company’s revenue increased 1.4% from a quarter earlier to $1.56 billion.
HCL Technologies added 11,631 employees (gross) during the September quarter taking the total headcount to 95,522.
On back of strong operating margins, TCS, Wipro, Infosys, HCL have reported good growth in Q4.
HCL’s results follow stronger-than-expected profits at Tata Consultancy Services, the No. 1 Indian IT services provider, and at No. 2 player Infosys.
It posted a 58.4 per cent rise in consolidated net profit at Rs 1,496 crore for the December quarter against Rs 944 crore in the year-ago period.
Credit Suisse’s top picks in Asia ex-Japan portfolio include HCL,Wipro,Tata Motors,RIL,Sesa Sterlite.
Other bidders included Tata Consultancy Service,Infosys,Cognizant and SAP.
More than two decades after joining HCL Technologies,Nayar stepped down as CEO in January this year.
Vedanta soars,Mukesh Ambani Group improves,Bharti slips to fifth spot in terms of m-cap 2013.
FTSE has raised ‘investability weight’ in its global equity index series of HCL Tech and Tech Mahindra.
After TCS,Infosys,Wipro,HCL Technologies posted strong results,Cognizant showcased its own profit.
Goldman notes optimism over Narendra Modi prevailing in parliamentary elections due by May 2014.
IT majors now hedging against vagaries arising from changes in immigration laws,client needs.