HCL Technologies shares in focus after securing 10-year strategic deal with Dunedin City Council
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Shares of HCL Technologies are expected to be in focus on Thursday, July 10, following the company's announcement of a significant strategic partnership with the Dunedin City Council (DCC) in New Zealand.The Indian IT major has signed a 10-year agreement to modernize and manage the Council's IT services , marking a major milestone in its global public sector engagement strategy.In a press release, HCLTech stated that the deal involves transforming DCC's IT services across various domains, including cybersecurity, hybrid cloud, service management, IT asset management, and network services.The engagement aims to enhance support, scalability, and security for the Council while improving service delivery and community engagement.As part of this partnership, HCLTech will implement modern omnichannel tools, phased self-service options, and responsive onsite support to boost operational efficiency and make digital services more accessible and intuitive for Dunedin residents.Additionally, the company will utilize its AI and automation platforms to streamline routine tasks, minimize downtime, and provide 24/7 virtual support to Council staff.In addition to this, on Wednesday, HCLTech announced another key partnership. The company revealed that it had partnered with Tokyo-based Astemo Cypremos, a subsidiary of Astemo, to accelerate innovation in the autonomous and smart vehicles ecosystem.As part of the multi-year engagement, HCLTech will support Cypremos in transitioning to a software-defined vehicle model using its proprietary suite of smart vehicle enablers. The company will deploy its end-to-end software testing platform, TestSphere, to accelerate validation cycles and reduce hardware dependency in vehicle development.The collaboration will also feature AI Force, HCLTech's GenAI-led transformation platform, which will help boost software quality and system performance.Furthermore, Cloud Bridge, a cloud-based solution from HCLTech's intelligent engineering suite, will facilitate real-time and reliable multicloud validation environments.The HCLTech-Cypremos partnership is projected to support millions of end users across 150 countries. According to the company, early pilot programs under this initiative have shown significant reductions in validation cycle times and improved return on investment.HCLTech shares closed 2% lower on Wednesday at Rs 1,674.05 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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