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    HCLTECH   INE860A01027

HCL TECHNOLOGIES LIMITED

(HCLTECH)
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Delayed NSE India Stock Exchange  -  07:25 2022-08-10 am EDT
952.05 INR   -1.45%
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HCL Technologies : Press Release

06/23/2022 | 06:06pm EDT

June 23, 2022

The General Manager

The Manager

BSE Limited

National Stock Exchange of India Limited

Corporate Relationship Department

Listing Department

Phiroze Jeejeebhoy Towers

Exchange Plaza

Dalal Street

5th Floor, Plot No. C-1,Block-G

Mumbai- 400 001

Bandra-Kurla Complex, Bandra(E)

Mumbai-400 051

BSE Scrip Code: 532281

NSE Scrip Code: HCLTECH

Subject: Release - "HCL Technologies Unveils New Global Delivery Center in Vancouver"

Dear Sir/ Madam,

Enclosed please find a release on the captioned subject being issued by the Company today.

This is for your information and records.

Thanking you,

Yours faithfully,

For HCL Technologies Limited

Manish Anand

Company Secretary

Encl:a/a

HCL Technologies Unveils New Global Delivery Center in Vancouver

New Center provides customers with next-generation products and solutions

VANCOUVER, CANADA and NOIDA, INDIA, June 23, 2022 - HCL Technologies (HCL), a leading global technology company, today announced the opening of its new delivery center in Vancouver, Canada. The new center will significantly expand its presence in the country to serve clients primarily in the HiTech industry. The new, nearly 9,000-square-footfacility will be a state-of-the-artcenter enabling faster and streamlined delivery of innovative technology services.

This announcement follows a broader wave of momentum in Canada for HCL Technologies as the company has opened new delivery centers in New Brunswick, Mississauga and Edmonton, and also welcomed its first cohort of the HCL Technologies Apprenticeship Program in Vancouver. The program, part of the company's early career and training program, gives high school graduates who do not have a formal college degree the ability to pursue a career in a fast-growing industry, with focus areas in software development and testing, digital and cloud services, infrastructure delivery and engineering.

HCL Technologies employs more than 2,000 people in Canada and is growing at a rapid pace. The new center will also feature a Customer Experience Center focused on the development of futuristic digital technologies and next-generation products and solutions for HCL Technologies' global customers, including full-stack engineering solutions, customer experience and R&D services across different industries.

"Vancouver has a long-standing culture of innovation in technology and we're excited to expand our presence and help bring new technologies into the region," said Joelien Jose, EVP & Country Head, Canada, HCL Technologies. "With this launch, HCL Technologies is further cementing itself as a local employer, and as a leader in emerging technologies building a strong foundation for the future."

"With this advanced facility, we will leverage our industry-leading digital engineering technology services and R&D capabilities to develop and deliver next-generation products and platforms for global customers," said Vijay Anand Guntur, President, Engineering and R&D Services, HCL Technologies. This facility will also foster better collaboration across the Vancouver technology and education ecosystem."

"This city has a reputation for major technological innovation and a highly sought-after talent pool feeding the broader tech industry," said Kennedy Stewart, Mayor, City of Vancouver. "We're incredibly proud to see industry leaders like HCL Technologies taking steps to further investment, foster innovation and unlock all the great potential that Vancouver has to offer businesses in the tech industry."

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About HCL Technologies

HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCL's Mode 1-2-3 strategy, based on its deep-domain industry expertise, customer-centricity and entrepreneurial culture of Ideapreneurship™, enables businesses to transform into next-gen enterprises.

HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in the areas of applications, infrastructure, digital process operations and next generational digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering. P&P provides modernized software products to global clients for their technology and industry specific requirements. Through its cutting-edgeco-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, categorized as Financial Services, Manufacturing, Technology & Services, Telecom & Media, Retail & CPG, Life Sciences & Healthcare and Public Services.

As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability and education initiatives. For the 12 months ended March 31, 2022, HCL had consolidated revenue of US$11.48 billion. Its nearly 209,000 ideapreneurs operate out of 52 countries.

For more information, visit www.hcltech.com

For further details, please contact:

Meenakshi Benjwal, Americas meenakshi.benjwal@hcl.com

Elka Ghudial, EMEA elka.ghudial@hcl.com

Devneeta Pahuja, India and APAC devneeta.p@hcl.com

2

Disclaimer

HCL Technologies Limited published this content on 23 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 22:05:11 UTC.


© Publicnow 2022
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Financials
Sales 2023 983 B 12 354 M 12 354 M
Net income 2023 140 B 1 763 M 1 763 M
Net cash 2023 174 B 2 187 M 2 187 M
P/E ratio 2023 18,4x
Yield 2023 4,36%
Capitalization 2 578 B 32 388 M 32 388 M
EV / Sales 2023 2,44x
EV / Sales 2024 2,19x
Nbr of Employees 210 966
Free-Float 38,7%
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Number of Analysts 43
Last Close Price 952,05 INR
Average target price 1 094,33 INR
Spread / Average Target 14,9%
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Managers and Directors
C. Vijayakumar President, Chief Executive Officer & MD
Prateek Solek Aggarwal Chief Financial Officer
Roshni Nadar Malhotra Chairman
Hanumantha Rao Gade President-Engineering, R&D Services
Kalyan Kumar B. Chief Technology Officer & Corporate VP
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