HCL Technologies (HCLTech) has been selected by the Tasman District Council in New Zealand to provide contemporary digital user experiences to employees and residents of the Tasman district.HCLTech will leverage Microsoft Dynamics 365 to move the Tasman District Council to an advanced digital system that will drive more meaningful interactions between the Council`s 58,000 residents and staff. The new digital systems will leverage GenAI and automation technologies to ensure that customer processes such as service requests and application lodgments swill be faster and streamlined. Powered by Capital Market - Live News

HCL Technologies (HCL Tech) announced the creation of a new Singapore-based AI/Cloud Native Lab. HCLTech`s Lab in Singapore will be the company`s fifth in its global network, expected to open in 2025. The Lab, joining others in the US, UK, Germany and India, will be supported by EDB and assist enterprises in the region in accelerating their AI initiatives through HCLTech`s comprehensive suite of integrated AI and GenAI offerings, including AI Force and AI Foundry.The Lab in Singapore will also partner with Nanyang Polytechnic and Singapore Polytechnic to collaborate on transferring knowledge and nurturing young talent and mid-career individuals In AI.�Our Labs are a conducive starting point for enterprises that want to embark on a collaborative journey to develop blueprints for AI and GenAI-led efficiencies, new business capabilities, skilling roadmaps and overall organizational competitive advantage with a pragmatic approach,� said Vijay Guntur, Chief Technology Officer and Head of Ecosystems, HCLTech. �We are very excited to add Singapore to our network, which will go a long way in further strengthening Singapore`s position as a regional hub for AI innovation,� he added.Powered by Capital Market - Live News

HCLTech, a leading global technology company, today released The Global Cyber Resilience Study 2024-25, detailing strategic priorities aimed at bolstering cybersecurity readiness and resilience. The report compiles perspectives from 1500+ leaders across industries in North America, Europe, and Australia and New Zealand. According to the report, 81% of the security leaders anticipate a cyberattack on their organizations in the next 12 months while only 48% believe they can prevent one. 54% of the security leaders identify AI generated attacks as the biggest security risk. 76% of the security leaders faced high to moderate challenges in resuming business fully in the aftermath of a cyberattack. North America witnessed the highest incidence of reported attacks at 64% of surveyed security leaders indicating their organization had been targeted, followed by 57% in Europe and 51% in the Australia-New Zealand region. In response to these rising threats, 63% of security leaders plan to increase cybersecurity investments over the next 12 months. Improving compliance and risk management emerged as the top priority for 84% of respondents, followed closely by investments in SOC automation (76%) and incident response and recovery capabilities (75%), reflecting a clear focus on strengthening both proactive and reactive cybersecurity measures. While only 35% of security leaders feel confident in their in-house expertise to manage cybersecurity risks, 90% expect to continue relying on external sourcing to bolster their capabilities. Additionally, only 37% feel they are effective in communicating their organization`s IT security posture to the board and C-suite, highlighting a gap in both internal expertise and strategic communication at the leadership level.Powered by Capital Market - Live News

HCL Technologies (HCLTech) and the New South Wales Government`s transport and roads agency, Transport for NSW, have extended their ongoing partnership to enable world-class transport services and experience for customers.Under a new five-year agreement, HCLTech will deliver end-to-end managed services for business-critical and operational applications, platforms, and cloud operations with embedded security services. This will also include continuous improvement, AI and automation-driven innovation, and major enhancement services. This partnership will provide a future-ready platform for onboarding transport applications, services and business areas.HCLTech will focus on scaling and futureproofing Transport for NSW`s technology by building a resilient, reliable, secure application and platform landscape. Powered by Capital Market - Live News

Net profit of HCL Technologies rose 10.52% to Rs 4235.00 crore in the quarter ended September 2024 as against Rs 3832.00 crore during the previous quarter ended September 2023. Sales rose 8.21% to Rs 28862.00 crore in the quarter ended September 2024 as against Rs 26672.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales28862.0026672.00 8 OPM %22.0722.23 - PBDT6694.006138.00 9 PBT5687.005128.00 11 NP4235.003832.00 11 Powered by Capital Market - Live News