Siemens chooses HCLTech to quicken its digital transformation using the cloud

7 Sep 2023 , 03:15 PM

On Thursday, shares of the top supplier of IT services, HCL Technologies, reached a new 52-week high of Rs 1,255.9 a share, rising 1.6% in intraday trade and advancing for the eighth straight day.

The shares of HCL Tech have been rising steadily for the last eight sessions, rising 9.54% during that time.

The German technology and high-tech industry giant Siemens AG and the IT giant have struck a multiyear Managed Public Cloud Services agreement to modernize the latter company’s worldwide IT landscape and enable its cloud-led digital transformation.

On September 7, 2023, the Noida-based IT giant stated that Siemens has chosen it to expedite the business’ cloud-led digital transformation and automate its public cloud environment while adhering to the stringent security standards of the German firm.

In accordance with the multiyear agreement, HCLTech will move and manage Siemens’ infrastructure on AWS and Azure, while also ensuring that its cloud resources are optimized, secure, and scalable so that the company can concentrate on its core business.

According to the IT behemoth, HCL Tech will make use of its CloudSMART solution in this arrangement, which combines the greatest cloud services and capabilities into a thorough, completely integrated platform for consulting and delivery.

‘Germany is a crucial market for HCLTech, and our collaboration with Siemens is evidence of the country’s ongoing development. Ashish K. Gupta, Chief Growth Officer, Europe and Africa, Diversified Industries, HCL Tech, said, ‘We are thrilled to be teaming with Siemens and fueling its cloud transformation with our Managed Public Cloud Services.

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