This large-cap IT company entered into collaboration with Dell Technologies
Shares of the company are trading up by more than 1.20% after the company informed about the recent development.
With the global adoption of 5G, HCL Technologies (HCLTech) and Dell Technologies have formed a new partnership to quicken the modernisation of telecom networks for businesses and communication service providers (CSPs).
About the collaboration
As part of this partnership, HCL Tech will offer complete system integration services, including managed services, for telecom network transformation, design, interoperability, optimization, and vRAN (virtualized radio access networks), ORAN (open radio access networks), private 5G networks, and edge/multi-access edge computing deployments.
Dell Technologies will provide platform integration services, such as installing designed telecom cloud platforms, testing, automation, and orchestration, to CSPs in order to assist them in modernising their network infrastructure in order to revolutionise service delivery and streamline operations. Moreover, Dell will offer managed services and carrier-grade support for businesses and telecom carriers.
Share price movement of HCL Technologies Limited
Scrip opened today at Rs 1,090.20 and made its day high at Rs 1,115.25. The 52-week high of the stock is Rs 1,215.05, whereas the 52-week low was Rs 875.65. Promoters hold 60.72%, whereas institutional and non-institutional holdings are 34.16% and 5.12%, respectively. Presently, the market cap of the company is Rs 3,02,627.93 crore.
One of the top five Indian IT service providers, HCL Tech is a well-known global provider of IT services. Since entering the international market in 1999 following its initial public offering (IPO), HCL Tech has concentrated on transformational outsourcing and provides an integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services, and BPO. To provide a variety of services across important business verticals, the company makes use of its broad global offshore infrastructure and network of offices in 46 countries.
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