A day after HCL Technologies signed a deal with Manchester United, India's leading IT service provider Wipro Ltd on Thursday signed a deal with another Premier League club Chelsea FC for digital media strategy.
Shares of HCL Technologies Monday ended 6 percent lower, wiping out Rs 8,322 crore from its market valuation, after the company posted 2.8 percent fall in consolidated net profit for June 2015 quarter.
Country's fourth largest software services firm HCL Technologies today said its dollar revenue for the March quarter will see an "adverse impact" of 2.8 per cent on strengthening of the greenback against global rivals.
Shiv Nadar Foundation Monday sold its entire 0.79 percent stake in HCL Technologies for Rs 1,108.9 crore in the open market to comply with regulations and the funds would be used to realize various initiatives.
A strong demand for digital services in the US and Europe is helping strengthen the topline of HCL Technologies with mid-sized deals in the range of USD 10-25 million coming through this quarter for the IT services major.
HCL Technologies Ltd , India`s fourth-largest software services exporter by revenue, posted a 28 percent rise in quarterly profit as a recovery in global economy helped spur demand for outsourcing services.