HCL Technologies gains on partnering with IBM

30 Sep 2016 Evaluate

HCL Technologies is currently trading at Rs. 794.30, up by 1.85 points or 0.23% from its previous closing of Rs. 792.45 on the BSE.

The scrip opened at Rs. 793.55 and has touched a high and low of Rs. 797.20 and Rs. 787.35 respectively. So far 15498 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 915.00 on 01-Oct-2015 and a 52 week low of Rs. 706.50 on 11-May-2016.

Last one week high and low of the scrip stood at Rs. 810.00 and Rs. 785.00 respectively. The current market cap of the company is Rs. 112167.47 crore.

The promoters holding in the company stood at 60.36%, while institutions and non-institutions held 32.25% and 7.39% respectively.

Building on a history of collaboration between the two companies, HCL and IBM have entered into a 15-year partnership that takes the best of their shared knowledge and teaming experience to build industry-leading Automation and DevOps solutions. Automation and DevOps software are crucial to the success of their digital enterprises. With automation, organizations can efficiently manage their workloads through planning, processing and analyzing of information technology events. DevOps is now an essential part of the software development process as it improves the speed, quality and predictability of development projects. Both the companies recognize these needs and have committed to investing in and growing automation and DevOps products, platforms and solutions.

Development and support teams from IBM, who are expert in these products and offerings, will benefit from HCL’s strong engineering heritage and culture of empowerment. Together, these companies will continue to advance and cloud-enable existing software, which is essential to the long-term success of their clients. Both companies have enjoyed a longstanding and successful partnership across technology, software, services and most recently, IBM Bluemix cloud platform services.

HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses. With 107,968 professionals from diverse nationalities, HCL Technologies focuses on creating real value for customers by taking 'Relationships beyond the Contract'.

HCL Tech. Share Price

1476.80 -26.85 (-1.79%)
26-Apr-2024 16:01 View Price Chart
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