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IT stock jumps after it collaborates with Google Cloud for AI and cybersecurity

IT stock partners with Google Cloud Security to deliver AI-driven Managed Detection and Response solutions, leveraging advanced technology and decades of expertise to enhance enterprise cybersecurity.
IT stock collaborates with Google Cloud to launch AI-driven Detection and Response solutions, boosting enterprise cybersecurity.
IT stock collaborates with Google Cloud to launch AI-driven Detection and Response solutions, boosting enterprise cybersecurity.

Introduction:

Leading IT stock partnered with Google Cloud Security to launch AI-powered Managed Detection and Response solutions, leveraging advanced technologies and 26 years of expertise for comprehensive enterprise security worldwide.

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Share Price movement of HCL Technologies Ltd:

On December 2, 2024, HCL Technologies Ltd (NSE: HCLTECH) opened at ₹1,848.05, hitting an intraday high of ₹1,865.00 and a low of ₹1,835.45. The stock is currently trading at ₹1,853.50, up 0.29%, with a market cap of ₹5,02,977.83 crore.

HCL Technologies Ltd’s New Collaboration:

HCL Technologies Ltd has partnered with Google Cloud Security to introduce AI-driven Managed Detection and Response (MDR) solutions for global enterprises. Leveraging HCL Technologies Ltd’s Fusion Platform and Google Cloud technology, the UMDR service delivers proactive threat detection and response across diverse environments, enhancing enterprise security.

The HCL Technologies Ltd UMDR service offers a modular operating model with end-to-end capabilities for complex environments, including hybrid cloud, OT, ICS, IAM, endpoints, networks, and applications. This collaboration empowers clients with flexibility and comprehensive protection against sophisticated cyber threats.

Amit Jain, HCL Technologies Ltd’s EVP of Cybersecurity, emphasized integrating Google Cloud’s automation capabilities with HCL Technologies Ltd’s 26 years of expertise. Magali Bohn from Google Cloud highlighted the importance of robust solutions to address evolving cyber threats, underscoring the strength of this strategic partnership.

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Recent news About HCL Technologies Ltd:

On October 14, 2024, HCLTech reported consolidated revenue of ₹288.62 billion for Q2 FY25, surpassing analyst estimates of ₹285.5 billion. This strong performance led the company to raise its fiscal year 2025 revenue growth forecast to 3.5%-5%. 

Stock performance of HCL Technologies Ltd for Period of 1 week, 6 months and 1 year:

HCL Technologies Ltd’s stock performance reveals a 2.31% decline over the past week, a robust 37.5% growth over six months, and an impressive 38.2% increase over one year, showcasing strong long-term gains despite short-term fluctuations.

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Shareholding pattern of HCL Technologies Ltd:

All values in %Sep-24Jun-24Mar-24
Promoters60.8160.8160.81
FII18.6718.4519.65
DII15.815.814.98
Retail & others4.714.924.55
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About HCL Technologies Ltd:

HCL Technologies Ltd is a global IT services leader, offering innovative solutions in digital transformation, cybersecurity, cloud, and AI. With a strong global presence, it empowers businesses across industries, driving growth through advanced technologies and customer-focused services.


Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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