HCL Tech Share Price Target 2024-2030 Fundamentals & Quarterly Results

HCL Tech Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results –HCL Technologies Limited, or HCL, is an information technology and software company offering a range of solutions in various sectors. The company offers a diverse and wide array of services from IT infrastructure management services, digital process-operations, cloud-native service, cybersecurity, digital and analytics services, DRIcE, IoT works, HCL software service, SIAM/XaaS advanced services and products, Industry Software Services, Engineering and R&D services etc.

HCL Tech Overview

HCL Technologies stands out as a major information technology services company globally, being among the top five Indian IT service companies in the order of revenues. HCL Technologies, has been promoting itself in the world after its IPO in 1999 and it focused on transformational outsourcing since. It has an array of services which include software-led IT solutions, remote infrastructure management, engineering and research and development services and business process outsourcing. The firm capitalizes on its multi service global offshore structure as well as its 46 country offices in providing vertical delivery across major markets.

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HCL Tech Business Profile

HCL’s service offerings span across financial services, manufacturing, telecom and retail, consumer packaged goods, media and entertainment, life sciences and insurance services, capital markets and banking services as well as mining services and natural resources. Other sectors that are also catered to include the oil and gas, aerospace and defense, automotive and chemical and process industries, hi-tech and industrial manufacturing as well as energy and utilities and healthcare, travel transport hospitality and logistics sectors. The company maintains a global offshore infrastructure and a connected network of offices throughout the Americas, Asia Pacific, Middle East, Africa and Europe.

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Geographical Revenue

America – 56%
Europe – 27%
India – 4%
Rest of the world – 13%

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Clients

the firm was able to increase the number of clients with 100 million dollar capital to reach 16. Additionally, there was a rise in the number of clients with capital worth 50 million dollars from 29% to 44%. 50 accounts were responsible for 40% of the company’s revenue growth of which 40 clients are either Fortune 500 or Global 500 accounts.

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Deals

the Company entered into more than 50 agreements whose cumulative contract value reached USD 8.3 billion. These include –European ISV, a large European Bank, a healthcare provider in the US, a leading consumer groups and retail company in Europe, a health and biosciences company in Europe and others.

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Acquisitions

In the financial year 2022, one of the wholly owned subsidiaries of the company HCL Technologies Germany GmbH entered into a Joint Venture Agreement under which it purchased a 51% stake in Gbs-Gesellschaft für Banksysteme GmbH. Furthermore, one of the company’s step-down wholly owned subsidiaries, HCL Hungary Kkt. has 100 percent shareholding in Starschema Kereskedelmi és Szolgáltató Korlátolt Felelősségű Társaság.

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In May 2020, the Company entered into a definitive agreement with Cisco System, Inc., aimed at purchasing Cisco Self-Optimizing Network (SON) products and relevant operations, for a sum amounting to Rs. 367 crores.

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Subsidiaries

For the fiscal year 2021-22, the Company set up four new wholly-owned step-down subsidiaries. The names of these new companies include the following – HCL Technologies Costa Rica Sociedad De Responsabilidad Limitada, HCL Technologies Bahrain W.L.L, HCL Technologies Slovakia and HCL Technologies Morocco Limited. This year, the Company also experienced closures and consolidations of various subsidiaries.

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HCL Tech Fundamentals & Quarterly Results

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HCL Tech Quarterly Results

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CAGR Report

HCL Tech Shareholding Pattern

HCL Tech Share Price Target 2024-2030 Forecast

HCL TECH Share Price Target 2025

HCL TECH Share Price Target 2026

HCL TECH Share Price Target 2027

HCL TECH Share Price Target 2028

HCL TECH Share Price Target 2029

HCL TECH Share Price Target 2030

Official Website –hcltech.com