Summary NEW YORK: The CEOs of Indian IT giants Wipro and HCL are among this year's recipient of leadership awards given by the UN's body on women for their work on principles of women's empowerment and helping champion gender equality. Ahead of International Women's Day, 250 leaders from business, government, civil society , and academia joined UN Women and the UN Global Compact in highlighting not only the challenge, but also policies, models and lessons to realising gender equality in the workforce. The Women's Empowerment Principles - Equality Means Business is a joint initiative of UN Women and the UN Global Compact.
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Summary HCL Technologies' fourth-quarter results were dragged down by slower growth in its infrastructure business. One would leverage partnerships, but whether it might be a construct like what TCS has done - I am not so sure. It is easy to buy, but the thing is to make it work.
Summary When 46-year-old Anant Gupta took over as CEO of HCL Technologies from Vineet Nayar , he inherited a high-flying company. IMS has grown from a $196-million business in 2007 to a powerful $1 billion revenue engine now, accounting for 30per centof HCL's revenues and growing at the same rate. An increase in sales and marketing spends, from $386 million in 2010 to $662 million in 2012, helped HCL win deals in the tough period.
Summary Earnings show: HCL Tech shares dip as dollar revenue growth disappoints St. HCL Technologies, India's fourth-largest IT services exporter, reported on Thursday quarterly growth in its dollar-denominated revenue that missed analyst estimates, sending the company's shares down by as much as 2.5 percent. HCL is part of a $108 billion Indian outsourcing sector that generate the lion's part of their sales by providing services like IT network installation and development of software applications to Western clients. Revenue from the Americas, HCL's largest market, saw a rise of 12 percent in the quarter, while sales in Europe, where the company's clients include a British government agency and a Swiss pharmaceutical company, rose 25 percent.
Summary HCL Tech falls 3%, investors wary of dollar revenue in Q4. Quarterly revenues were up 1 percent sequentially to Rs 8424 crore, compared to the poll estimate of Rs 84448.2 crore. Earnings before interest and taxes (EBIT) declined 1 percent to operating margin declined 50 basis points sequentially to 24.2 percent, but was ahead of the poll estimate of 23.6 percent to Rs 2038 crore.
Summary "We were expecting it to grow about 4 percent. In the past HCL has been able to keep at about the same dollar revenue growth as TCS," said Ankita Somani, analyst at brokerage MSFL Research. HCL is part of a $108 billion Indian outsourcing sector that generate the lion's part of their sales by providing services like IT network installation and development of software applications to Western clients. Revenue from the Americas, HCL's largest market, saw a rise of 12 percent in the quarter, while sales in Europe, where the company's clients include a British government agency and a Swiss pharmaceutical company, rose 25 percent.
Summary Shares of HCL Technologies fall by 3 per cent. Buoyed by strong growth in application and infrastructure services, India's fourth largest IT solutions firm HCL Technologies today reported a 53.7 per cent surge in its consolidated net profit to Rs 1,834 crore for the fourth quarter ended June 30, 2014. Consolidated revenues of the firm rose 20.7 per cent to Rs 8,424 crore in the April-June quarter as against Rs 6,980 crore in the same period last year.
Summary Ambareesh Baliga, independent market expert told CNBC-TV18, "I am cautious on some of the midcaps as well as stock like Tech Mahindra where it disappointed to a certain extent. These are the stocks which I may not even buy at lower levels but something like Infosys , if I again see levels of closer to about Rs 3100-3200, I will get into that stock. HCL Technologies and Tata Consultancy Services (TCS) are the stocks to be bought on a correction." At 12:08 hrs Tata Consultancy Services was quoting at Rs 2,468, down Rs 41.40, or 1.65 percent. It has touched an intraday high of Rs 2,501 and an intraday low of Rs 2,458.50.
Summary Rahul Mohindar of viratechindia.com told CNBC-TV18, " Ambuja Cements looks very weak and that would be in my sell pick. So at Rs 205 odd one could look at selling this stock, Rs 194 is the immediate target for it, but if that is broken we are looking at Rs 186. So downsides are clearly visible on the stock and with Rs ....