HCL Technologies shares jump over 7% after signing $1.14 billion AI-led digital transformation deal

Shares of HCL Technologies rallied as much as 7.41% to ₹1,158 apiece on the NSE on Friday, July 3, after the IT major announced a strategic partnership worth an estimated $1.14 billion with a Europe-headquartered Fortune Global 50 company.

Under the agreement, HCLTech will establish an AI-driven operating model to transform and manage the client's global digital workplace and enterprise network operations.

The contract will run from July 2026 to December 2031, with an option to extend it for an additional five years.

The deal is valued at $1.14 billion during the initial term and represents entirely new business for HCLTech, the company said in a regulatory filing.

Other key updates

In a separate regulatory filing, HCLTech said it has completed the acquisition of Jaspersoft, a business unit of Cloud Software Group.

The company said the transaction was completed at 7:25 p.m. IST on July 2, 2026, with a deemed effective date of July 1, 2026.

HCLTech had first announced the proposed acquisition on December 22, 2025, and the deal has now been formally closed.

In December, HCLSoftware, the software business division of HCLTech, announced its intent to acquire Jaspersoft, a business unit of Cloud Software Group and provider of a leading embedded analytics and pixel-perfect reporting platform.

The company added that HCLSoftware’s Data & AI division (Actian) is seeing increased demand for its metadata management, data catalog and data governance solutions and has demonstrated good growth over the last five years, driven by enterprise data management solutions.

"The acquisition will further enhance Actian’s proposition by enabling an end-to-end, immersive data management experience, while expanding reach through a large, global developer community comprised of data engineers and architects actively building, deploying and extending data platforms across the modern enterprise environment," the press release added.

Jaspersoft provides a comprehensive business intelligence and reporting platform that enables organisations to create pixel-perfect reports, interactive dashboards and advanced visualisations.

“Jaspersoft has consistently served as an industry leader in pixel-perfect reporting, making it the solution of choice for regulated industries such as government and banking and financial services,” HCLTech’s press release added.