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HCL’s software products business falls short of profitability expectations

Livemint

Livemint · 1y ago

HCL’s software products business falls short of profitability expectations

HCL Technologies' investment in software products has not led to the expected profitability. Five years after acquiring eight software products from IBM, the business unit experienced a decline in operating margins despite increased revenue. The unit, now known as HCLSoftware, has failed to meet the company's target profitability of 30% for software products, reaching it only once. However, the revenue for the software products business has been growing, and HCL's brand value allows for further growth in this sector. The software products business holds potential for higher margins, but profitability has been impacted by volatility in perpetual license upfront.

Related News

C3.ai falls on worries AI investments will eat into profitability

Economic Times

Economic Times · 1y ago

C3.ai falls on worries AI investments will eat into profitability

Shares of AI-based software maker C3.ai dropped approximately 8% as it warned of a larger-than-expected annual loss due to increasing expenses on pilot programs and extended sales cycles. The company's profitability outlook has been affected, despite its previous surge in stock value driven by the rising interest in AI-related stocks. C3.ai has also faced scrutiny from short sellers, adding further pressure. The average rating of 14 analysts covering the stock is "hold," with a median price target of $28.

Nifty hits nine-month low, falls for seventh straight session

Business Today

Business Today · 5m ago

Nifty hits nine-month low, falls for seventh straight session

The Nifty50 benchmark closed lower for the seventh consecutive session, while the Sensex recorded a slight gain for the second day. This market dynamic has limited investor losses. Analysts predict a weak short-term outlook for the Nifty, with expectations of range-bound movement.

BlackBerry reports surprise profit on demand for cybersecurity services

Economic Times

Economic Times · 1y ago

BlackBerry reports surprise profit on demand for cybersecurity services

BlackBerry, based in Canada, reported better-than-expected fourth-quarter results, driven by increased demand for its cybersecurity services. The company's revenue reached $173 million, surpassing analysts' estimates. Its cybersecurity unit experienced a 5% YoY growth and generated $92 million in revenue. Additionally, their IoT business saw a 25% jump, raking in $66 million. Despite a positive performance, BlackBerry's first-quarter revenue projection fell short of analysts' expectations. The company also aims to split its IoT and cybersecurity divisions into separate entities, continuing efforts to improve profitability.

Intel forecast falls short of estimates, fanning tariff worries

Economic Times

Economic Times · 3m ago

Intel forecast falls short of estimates, fanning tariff worries

Intel's second-quarter revenue forecast fell short of Wall Street expectations, raising concerns amidst a US-China trade war. New CEO Lip-Bu Tan faces challenges reshaping the company as it struggles with past setbacks and competitive pressures in the AI market. Intel is reducing operating expenses and capital expenditures as part of restructuring efforts, including workforce reductions and meeting cuts. The company's cautious outlook reflects tariff uncertainties and market competition, with mixed impacts on investor sentiment.

Microsoft shares slide 5% as cloud forecast, AI spending disappoint

Economic Times

Economic Times · 6m ago

Microsoft shares slide 5% as cloud forecast, AI spending disappoint

Microsoft's cloud computing business forecast fell short of expectations, causing its shares to drop by 4.5%. Despite beating quarterly sales estimates, concerns linger over high spending in AI and competition from cheaper Chinese models. Azure's growth projections are below expectations, with revenue growth missing estimates. Microsoft's capital expenditures exceeded expectations, and the rise of Chinese AI models like DeepSeek has heightened price war fears. Investors seek assurance on the monetization of significant AI investments.

Oracle gains as cloud infrastructure business gets AI boost

Economic Times

Economic Times · 1y ago

Oracle gains as cloud infrastructure business gets AI boost

Oracle's shares surged almost 9% on Wednesday, driven by increasing demand for its low-cost cloud infrastructure services for artificial intelligence applications. If sustained, this surge could add over $28 billion to Oracle's market valuation. The company's cloud infrastructure unit has been growing, offering competitive options to rivals like Google, Microsoft, and Amazon. Oracle has partnered with OpenAI and Google Cloud to extend its cloud infrastructure, further establishing its credibility as an AI platform. However, despite this positive news, Oracle's Q4 results fell short of expectations due to competition in its legacy database and enterprise resource planning software business.

ShareChat appoints Gaurav Jain as chief business officer

Economic Times

Economic Times · 1y ago

ShareChat appoints Gaurav Jain as chief business officer

ShareChat has appointed Gaurav Jain as its Chief Business Officer (CBO) to strengthen ties with digital agencies and help marketers leverage the power of short-form videos. Jain, previously the head of emerging business at ShareChat and Moj, aims to drive the growth of the ad business amidst the short-form video boom in India. The parent company of ShareChat, Mohalla Tech, reported a 62% rise in revenue but a 38% increase in losses for FY23. ShareChat is striving to achieve profitability by 2025, focusing on multiple revenue streams including virtual gifting and chat room offerings.

Cisco beats earnings expectations as AI spurs networking gear demand

Economic Times

Economic Times · 8m ago

Cisco beats earnings expectations as AI spurs networking gear demand

Cisco Systems exceeded expectations in its first-quarter results, driven by increasing demand for its networking gear in the midst of the AI boom. The company predicts higher quarterly revenue and profit than anticipated, thanks to investments in AI technologies that require data centers utilizing Cisco's products. To diversify its business, Cisco aims to reduce reliance on its networking equipment division by focusing on areas such as cybersecurity, cloud systems, and AI-driven products. Despite facing supply chain issues and a downturn in demand, the company completed its acquisition of Splunk, enhancing its software business and cybersecurity capabilities. The company expects second-quarter revenue to surpass estimates, along with a rise in adjusted profit per share. Cisco forecasts annual revenue and adjusted profit within an optimistic range.

Apple needs time to be on its side for AI iPhones

Livemint

Livemint · 11m ago

Apple needs time to be on its side for AI iPhones

Apple's upcoming iPhone release is highly anticipated as it carries significant importance for the company. The iPhone business is a major driver of Apple's revenue, accounting for more than half of its business. The new smartphones are expected to incorporate Apple's artificial intelligence technology, which could potentially boost sales. However, the market is divided about the impact of AI on iPhone demand. Additionally, the software won't be fully integrated until later this year, leading to expectations of a split sales cycle. Despite this uncertainty, investors still have high expectations for Apple's AI efforts.

Optimistic despite short term bumps: Freshworks CEO Dennis Woodside

Economic Times

Economic Times · 1y ago

Optimistic despite short term bumps: Freshworks CEO Dennis Woodside

Nasdaq-listed Freshworks remains positive about the future of the Software-as-a-Service (SaaS) industry, according to its CEO Dennis Woodside. Despite short-term challenges, Woodside believes in the potential of Artificial Intelligence (AI) and stated that Freshworks already has two AI products being monetized in the market. He expressed optimism about the company's prospects moving forward.

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