HCL Technologies signs agreement with Siemens to modernise IT landscape worldwide

HCL Technologies (HCL Tech) on Thursday said that it has signed a multiyear managed public cloud services agreement with German technology and high-tech industry giant Siemens AG to modernise its IT landscape worldwide and power its cloud-led digital transformation.

The announcement led to its shares hitting a 52-week high. The scrip hit a peak of Rs 1,256.80 during intra-day trades and later settled at Rs 1,254.15, a gain of 1.49 per cent or Rs 18.45 on the news.

HCLTech said that it will focus on automating the public cloud environment while adhering to Siemens’ high security standards.