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  1. HCL Technologies gains 1.3% on collaborating with Google Cloud Security

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HCL Technologies gains 1.3% on collaborating with Google Cloud Security

Upstox

2 min read | Updated on December 02, 2024, 17:50 IST

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SUMMARY

HCL Technologies' share price jumped over 1% after the company announced a collaboration with Google Cloud Security to provide AI-driven enterprise solutions.

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HCL Technologies (1).webp

HCL Technologies gains on collaborating with Google Cloud Security

HCL Technologies has collaborated with Google Cloud Security to provide AI-driven Managed Detection and Response (MDR) solutions, empowering enterprises with comprehensive security coverage to respond to cyber threats.

HCLTech UMDR (Universal Managed Detection and Response) service will leverage HCLTech’s Fusion Platform and Google Cloud Security technology to deliver proactive threat detection and effective threat response. HCLTech UMDR service provides a modular operating model for clients looking for flexibility and end-to-end capabilities that deliver advanced detection and protection to complex environments, including operational technology (OT), industrial control systems (ICS), hybrid cloud, IAM, end points, network and applications.

Previously,HCL Technologies (HCL Tech) has launched an advanced data and cloud compute security solution to enable enterprises to securely handle sensitive information with high data integrity and confidentiality. HCLTech DataTrustShield, was developed to protect sensitive data during cloud operations, leveraging trusted execution environments (TEEs) including Intel Trust Domain Extensions (Intel TDX) and Intel Trust Authority.

The Total revenue for the quarter ended September 2024 of ₹12615 crore remain, more or less, the same. The company reported 8.43%YoY jump in the net profit for quarter ended September 2024 to ₹3216 crore from ₹2966 crore . Operating profit for the quarter ended September 2024 rose to ₹4905 crore as compared to ₹4566 crore of the corresponding quarter ended September 2023.

Following the announcement, shares of HCL Technologies closed 1.3% higher on the NSE at ₹1,872 apiece

HCL Technologies is a leading global IT services company that helps global enterprises reimagine and transforms their businesses through digital technology transformation.

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