Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / HCL banks big on acquisitions
  • Business

    HCL banks big on acquisitions

    Sneha Johny
    Written by
    Sneha Johny
    Mail
    Last updated on Oct 24, 2016, 10:47 pm
    HCL banks big on acquisitions
  • India's IT giant HCL Technologies is reportedly eyeing massive acquisitions to drive the company's growth.

    Pitched to be the fourth largest tech company in India, the company is focusing on gaining traction in areas such as engineering and research and development.

    Apart from the recent spurt of revamping digital technologies, the company is exploring acquisitions of small capability-led companies.

  • In this article
    About HCL How does India's IT sector fare? TCS, Wipro announce sluggish results Infosys cuts revenue outlook, HCL sees better numbers Tech giant HCL acquired Butler Aerospace HCL banks big on acquisitions Expansion through acquisitions
  • About

    About HCL

    About HCL
  • HCL Technologies is one of India's biggest IT services providers, with its headquarters in Noida, Uttar Pradesh.

    The company started off as a research division for engineering, before venturing out to provide software services.

    Now spanning across 34 countries, the company is led by Shiv Nadar.

    With a market capitalization of around $22 billion, the company has generated revenues of $6 billion last year.

  • IT sector outlook

    How does India's IT sector fare?

    How does India's IT sector fare?
  • In its most recent quarter, many of India's IT companies churned out weak financial results.

    Many analysts have prompted to investors to exercise caution over the next few months, as one of the sector's weakest performance is expected.

    Despite many companies reporting earnings much below expectations, investors reacted with much positivity, valuing the top stocks at over 17 times their earnings for FY17.

  • Falling profits

    TCS, Wipro announce sluggish results

    TCS, Wipro announce sluggish results
  • Indian software giant Wipro announced almost a 7.6% fall in its profits during its second quarter.

    The results, which were released last week, highlighted the company's profit of Rs.2,070 crore from Rs.2,241 crore earned last year.

    TCS also reported weaker than expected revenues, with just 1% growth in sequential revenue, compared with expectations of around 1.9% revenue growth.

  • Quarterly results

    Infosys cuts revenue outlook, HCL sees better numbers

    Infosys cuts revenue outlook, HCL sees better numbers
  • Infosys announced its recent quarterly results, which posted profits of around Rs.3,606 crore, an increase of 6.1% against last year's profits.

    The company slashed its revenue guidance to 7.5% from its earlier estimates of 10%.

    HCL reported a revenue increase of 1.9% to touch $1.72 billion.

    Its profits rose by 16.7% to Rs.2,014 crore, while it maintained its revenue guidance at 12-14%.

  • 23 Oct 2016

    Tech giant HCL acquired Butler Aerospace

    Tech giant HCL acquired Butler Aerospace
  • Indian IT company HCL Technologies said it had acquired American engineering and consulting company, Butler America Aerospace.

    In a press release yesterday, the IT solutions provider said the deal amounted to $85 million.

    With Butler's massive exposure to the defence and aerospace sector, the deal is expected to strengthen HCL's position in this sector.

    The deal is expected to be closed by the year-end.

  • 24 Oct 2016

    HCL banks big on acquisitions

    HCL banks big on acquisitions
  • India's IT giant HCL Technologies is reportedly eyeing massive acquisitions to drive the company's growth.

    Pitched to be the fourth largest tech company in India, the company is focusing on gaining traction in areas such as engineering and research and development.

    Apart from the recent spurt of revamping digital technologies, the company is exploring acquisitions of small capability-led companies.

  • Quote

    Expansion through acquisitions

  • "So, wherever there are niche providers, which is adding to our strategy or helping us further our strategy, we will be very open, we announced Geometric, we announced Butler. Potentially, we could be looking at others as well," said C Vijayakumar, CEO of HCL Technologies.

  • India
  • Uttar Pradesh
  • HCL Technologies
  • HCL
  • TCS
  •  
Latest News
  • Realme Narzo 30 Pro 5G, Narzo 30A launched in India
    Realme Narzo 30 Pro 5G, Narzo 30A launched in India
    Science
  • All England Championships 2021: Everything you need to know
    All England Championships 2021: Everything you need to know
    Sports
  • India vs England: Bumrah, Sundar return; England recall Anderson, Archer
    India vs England: Bumrah, Sundar return; England recall Anderson, Archer
    Sports
  • Motera cricket ground, world's largest, renamed Narendra Modi Stadium
    Motera cricket ground, world's largest, renamed Narendra Modi Stadium
    Sports
  • India vs England, 3rd Test: Visitors elect to bat
    India vs England, 3rd Test: Visitors elect to bat
    Sports
Trending Topics
Bharti Airtel Mukesh Ambani WhatsApp Spotify Reliance Jio OPPO Isha Ambani
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News Facebook YouTube Hollywood News WhatsApp Netflix Bollywood News ISRO Spotify Yoga
Honda Batman Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota
Fashion Tips Ishant Sharma Farmers Protest Mercedes Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Robert Lewandowski
Marvel Comics Avengers Neha Kakkar Mena Massoud
About Us Privacy Policy Terms & Conditions Contact Us News News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021