The shares of the global IT giant were trading 4.5 percent lower at Rs 1,052 on BSE at 9:23 am.
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The shares of the IT major HCL Technologies fell as much as five percent in the early trade on Friday after the company said it expects lower end of the revenue growth guidance. Speaking at the ongoing US analyst meeting, the company said that revenue growth guidance for financial year 2023 is likely to come at the lower end of its 13.5-14.5 percent year-on-year cc band.
HCL Tech has blamed volatile macros and higher furloughs in the third quarter.
The shares of the global IT giant were trading 4.5 percent lower at Rs 1,052 on BSE at 9:23 am.
On December 7, HCL Technologies announced that it has tied up with Intel Corporation and Mavenir to provide private 5G network solutions for communication service providers (CSP) and broader cross-vertical enterprises. The three companies will work cross-functionally, leveraging each other’s skill sets to add new offerings and help generate enhanced value for enterprises.
As a part of the collaboration, the companies will work closely on a wide range of projects and activities across enablement, go-to-market, and sales acceleration, with the goal of delivering more 5G solutions to CSPs, the Internet of things (IoT ), and enterprise verticals.
The companies will jointly develop a cloud-native E2E architecture of an Intel Xeon processor-based 5G solution leveraging Mavenir RAN, Intel SmartEdge, and HCLTech’s management, orchestration and automation services.
First Published: IST
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