HCL Technologies rose 0.8% to Rs. 415 at 9:16 IST on BSE after the company said it has been selected by AstraZeneca as a strategic infrastructure outsourcing partner.
The company made this announcement after market hours on Friday, 16 December 2011.

Meanwhile, the BSE Sensex was down 180.06 points, or 1.16% to 15,311.29.

On BSE, 3,020 shares were traded in the counter as against an average daily volume of 92,294 shares in the past one quarter.

The stock hit a high of Rs. 417.60 and a low of Rs. 414.30 so far during the day. The stock had hit a 52-week low of Rs. 360.10 on 26 August 2011. The stock had hit a 52-week high of Rs. 528.40 on 21 April 2011.

The stock had outperformed the market over the past one month till 16 December 2011, rising 0.39% compared with the Sensex’s fall of 7.66%. The scrip had also outperformed the market in past one quarter, gaining 6.21% as against 8.52% decline in the Sensex. `

The large-cap IT company has an equity capital of Rs. 138.15 crore. Face value per share is Rs. 2.

As per the contract, HCL Technologies (HCL) will be responsible for the provision, management and transformation of AstraZeneca’s global Hosting and Collaboration environment. As part of the five-year engagement, HCL will be responsible for managing AstraZeneca’s entire Data Centre environment across over 60 locations globally, including hosting and migration of some of the existing large Data Centers into state-of-the-art facilities. In addition, HCL will manage AstraZeneca’s global Collaboration environment, including Email, Messaging and Collaboration Services for users worldwide. HCL will also deliver transformational projects including Server
Virtualisation, Storage and Backup transformation and implementation of the hybrid cloud, HCL said in a statement.

Commenting on the development, Mr R Srikrishna, Executive Vice President and Head – Global Infrastructure services, HCL ISD, HCL Technologies said, In today’s economic environment, organizations across the world are facing unique challenges of rising operational and input costs, demanding customers and changing regulatory environment. More than ever, organizations are looking at partners who create value while managing these challenges. We are delighted to partner with AstraZeneca in their technology transformation journey. This win is a testimony to HCL’s leadership in Global infrastructure services market and its critical investments in developing next generation Intellectual properties such as myCloud™ and MTaaS™. We continue with our commitment to Infrastructure outsourcing market and focus on large, complex & transformational engagements.

HCL Technologies’ consolidated net profit declined 3% to Rs. 496.80 crore on 8% growth in sales to Rs. 4651.30 crore in Q1 September 2011 over Q4 June 2011.

HCL Technologies is one of the leading global IT services companies. The company offers an integrated portfolio of services, including software-led IT solution, remote infrastructure management, engineering and R&D services and BPO.

Source:http://www.indiainfoline.com/Markets/News/HCL-Tech-hardens-on-outsourcing-pact-with-AstraZeneca/4078188807