HCL Technologies gains on extending partnership with Xerox

HCL Technologies is currently trading at Rs. 1735.05, up by 14.15 points or 0.82% from its previous closing of Rs. 1720.90 on the BSE.

The scrip opened at Rs. 1733.95 and has touched a high and low of Rs. 1757.00 and Rs. 1719.50 respectively. So far 84510 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,757.00 on 27-Aug-2024 and a 52 week low of Rs. 1139.40 on 28-Aug-2023.

Last one week high and low of the scrip stood at Rs. 1757.00 and Rs. 1657.15 respectively. The current market cap of the company is Rs. 473480.29 crore.

The promoters holding in the company stood at 60.81%, while Institutions and Non-Institutions held 34.24% and 4.95% respectively.

HCL Technologies (HCLTech) has extended its strategic AI-driven Engineering services and Digital Process Operations (DPO) partnership with Xerox. HCLTech will assist Xerox with its Reinvention, which is the fundamental and structural redesign of Xerox to position the company for long-term profitable and sustainable growth. HCLTech will leverage automation, product and sustenance engineering and process operations services-including Order to Cash, Sales and Marketing Operations, Supply Chain and Procurement-along with its advanced full-stack GenAI platform, HCLTech AI Force, to deliver a unified interface that transforms the way employees and clients engage with Xerox. 

HCLTech will support the newly formed Xerox Global Business Services organization (GBS) to drive key business metrics, such as working capital, device connectivity, sales efficiency and the effectiveness of remote problem-solving. The work will allow the GBS organization to integrate innovative capabilities, further advancing the company’s digital transformation roadmap.

The partnership between Xerox and HCLTech started in 2009 with a focus on product engineering and IT and process support services. HCLTech leverages its extensive global delivery network across India, Guatemala, Portugal, Bulgaria, Romania, the Philippines and Sri Lanka to support the digital transformation journey of Xerox. HCLTech and Xerox have jointly secured 215 U.S. patents and established world-class R&D labs that are seamlessly integrated with Xerox’s infrastructure and standards.

HCL Technologies is a leading global IT services company that helps global enterprises reimagines and transforms their businesses through digital technology transformation.