HCL Technologies rises on expanding collaboration with Microsoft
HCL Technologies is currently trading at Rs. 1118.00, up by 3.15 points or 0.28% from its previous closing of Rs. 1114.85 on the BSE.
The scrip opened at Rs. 1112.05 and has touched a high and low of Rs. 1122.75 and Rs. 1109.00 respectively. So far 20513 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1202.70 on 05-Jul-2023 and a 52 week low of Rs. 875.65 on 29-Aug-2022.
Last one week high and low of the scrip stood at Rs. 1140.00 and Rs. 1096.45 respectively. The current market cap of the company is Rs. 302777.18 crore.
The promoters holding in the company stood at 60.81%, while Institutions and Non-Institutions held 34.33% and 4.85% respectively.
HCL Technologies (HCLTech) has expanded its collaboration with Microsoft to provide high-performance computing (HPC) solutions for clients in various industries. The clients will benefit from HCLTech's expertise in advanced engineering services and Microsoft's Azure cloud HPC technologies. The collaboration will focus on providing clients access to HPC resources, including core infrastructure, advanced analytics, machine learning and simulations, enabling them to make better-informed decisions, optimize operations and drive innovation.
The HCLTech and Microsoft collaboration incubates early-stage research and development initiatives to progress opportunities toward HPC solutions for customers in various industries. HCLTech plans to train 3,000 professionals over three years and create a dedicated lab-cum-center of excellence (CoE) with Microsoft. The collaboration will include the development of new solutions that will help customers to leverage existing infrastructure investments while gaining the flexibility of cloud-based services, enabling scalability, security and agility.
HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transform their businesses through digital technology transformation.