HCL Tech Inks a 5-Year Contract with MKS Instruments for Digital and Cloud Services

HCL Technologies and MKS Instruments Inc. have announced a five-year digital transformation agreement to improve advanced manufacturing process performance, productivity, and time to market.

HCL will drive AI/ML-led automation at MKS Instruments, as well as end-to-end Infrastructure Services, Digital Workplace Services, and IT Transformation. MKS Instruments employees in nearly 60 countries will have access to a global network of HCL delivery centres as well as a wide range of technology solutions, including cutting-edge artificial-intelligence (AI) and automation frameworks and tools.

End users will benefit from a seamless digital experience with improved processes and systems, according to HCL Technologies’ Executive Vice President Ajay Bahl.

On Tuesday, September 20th, 2021, the share price of HCL Technologies increased by 0.88 percent to Rs 1.275.35.

A portion of HCL Technologies is a global technology leader. HCL’s offerings are distributed through three business units: IT and Business Services, Engineering and Research and Development Services, and Products & Platforms (P&P).

Tech shares reached a 52-week high with MKS Instruments Inc. Five-year dea

HCL Technologies’ share price increased by nearly 2% in morning trade on September 21, reaching a new 52-week high of Rs 1,315.10. When this article was written, the stock was up Rs 19.05, or 1.49 percent, and was trading at Rs 1,294.40.

a five-year digital transformation agreement with MKS Instruments Inc, a global provider of instruments, systems, subsystems, and solutions for advanced manufacturing processes, to improve productivity and speed to market

HCL will drive MKS Instruments’ digital and cloud-enabled transformation through AI/ML-led automation, enhanced user experience with end-to-end Infrastructure services, digital workplace services, and IT transformation, according to the company.
The stock has been in the spotlight since the company announced last week a strategic partnership with South Korean firm HANCOM for technology solutions. HCL Technologies and HANCOM Inc. have formed a strategic partnership to share cutting-edge software technology solutions and to build a bridgehead for joint overseas expansion.
HCL will train software developers at HANCOM’s R&D centre in India. According to an exchange filing, HCL will also share its development studio and provide HR support to meet demand and development capacity at the R&D centre.
Prices have been falling since January 12, 2021, and it recently broke out of the long-term consolidation formation on August 5,” said Monarch Networth Capital senior research analyst Jignesh Pandya.

Mr. Lee believes that a rise in the RSI momentum oscillator indicates a positive buildup in momentum, which will translate into positive price action for the stock.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *