HCLTech and Xerox: 15 Years of Transformative Partnership

Indian IT giant HCLTech extends its 15-year alliance with Xerox to overhaul the American firm's operations using AI and digital engineering. The renewed partnership aims for long-term growth and enhanced business metrics. HCLTech stocks reached a 52-week high following the announcement.

Indian IT major HCLTech has broadened its 15-year strategic collaboration with Xerox to assist in the digital and AI-driven restructuring of the American company's operations.

On Tuesday, HCLTech's shares rose by 2%, hitting a 52-week high of Rs 1,757 on the BSE during intraday trading.

The partnership aims at the 'reinvention' of Xerox, focusing on sustainable growth through automation, product engineering, and process operations services. HCLTech will utilize its full-stack GenAI platform, HCLTech AI Force, to enhance employee and client interactions with Xerox.

HCLTech is set to support Xerox's Global Business Services (GBS) to improve key business metrics, including working capital and sales efficiency. This extended partnership will also leverage HCLTech's global delivery network and has already secured 215 US patents and world-class R&D labs.

According to Louie Pastor, executive vice president at Xerox, the extended partnership will make Xerox more agile and improve experiences for both employees and clients.

(With inputs from agencies.)