HCL Tech spurts on inking multi-million dollar deal with Free scale Semiconductor

20 Sep 2012 Evaluate

HCL Technologies is currently trading at Rs 585.00, up by 13.60 points or 2.38% from its previous closing of Rs 571.40 on the BSE.

The scrip opened at Rs 573.50 and has touched a high and low of Rs 592.00 and Rs 573.50 respectively. So far 29252 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 595.00 on 14-Sep-2012 and a 52 week low of Rs 374.00 on 24-Nov-2011.

Last one week high and low of the scrip stood at Rs 595.00 and Rs 562.00 respectively. The current market cap of the company is Rs 40614.69 crore.

The promoters holding in the company stood at 62.24% while Institutions and Non-Institutions held 29.48% and 8.28% respectively.

HCL Technologies (HCL), the global IT services provider, has entered into a landmark five year, multi-million dollar deal with Freescale Semiconductor, a global leader in embedded processing solutions. HCL will serve as an exclusive technology partner for Freescale, managing and strategically transforming their end-to-end corporate IT Infrastructure landscape. This deal reinforces HCL’s IT leadership in the semiconductor industry.

As part of the engagement, HCL will manage and transform infrastructure operations covering desktop support, compute, storage, database, telecom (network & security), process automation and compliance with the use of its pioneering Management Tools as a Service (MTaaS) framework and gold standard processes. HCL will deliver services to Freescale across 20 countries, handling a user base of 19,000 employees spread across 80 different locations. Freescale will also leverage HCL's global delivery centers in Poland and Shanghai for multilingual helpdesk support.

HCL Technologies is a leading global IT services company, working with clients in the areas that impact and redefine the core of their businesses. HCL focuses on ‘transformational outsourcing’, underlined by innovation and value creation, and offers integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO.

HCL Tech. Share Price

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