Daily Archives: August 14, 2021

The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar

Aug 13 (Reuters) - After a week of criticism over a its planned new system for detecting images of child sex abuse, Apple Inc (AAPL.O) said on Friday that it will hunt only for pictures that have been flagged by clearinghouses in multiple countries.

That shift and others intended to reassure privacy advocates were detailed to reporters in an unprecedented fourth background briefing since the initial announcement eight days prior of a plan to monitor customer devices.

After previously declining to say how many matched images on a phone or computer it would take before the operating system notifies Apple for a human review and possible reporting to authorities, executives said on Friday it would start with 30, though the number could become lower over time as the system improves.

Apple also said it would be easy for researchers to make sure that the list of image identifiers being sought on one iPhone was the same as the lists on all other phones, seeking to blunt concerns that the new mechanism could be used to target individuals. The company published a long paper explaining how it had reasoned through potential attacks on the system and defended against them.

Apple acknowledged that it had handled communications around the program poorly, triggering backlash from influential technology policy groups and even its own employees concerned that the company was jeopardizing its reputation for protecting consumer privacy.

It declined to say whether that criticism had changed any of the policies or software, but said that the project was still in development and changes were to be expected.

Asked why it had only announced that the U.S.-based National Center for Missing and Exploited Children would be a supplier of flagged image identifiers when at least one other clearinghouse would need to have separately flagged the same picture, an Apple executive said that the company had only finalized its deal with NCMEC.

The rolling series of explanations, each giving more details that make the plan seem less hostile to privacy, convinced some of the company's critics that their voices were forcing real change.

"Our pushing is having an effect," tweeted Riana Pfefferkorn, an encryption and surveillance researcher at Stanford University.

Apple said last week that it will check photos if they are about to be stored on the iCloud online service, adding later that it would begin with just the United States.

Other technology companies perform similar checks once photos are uploaded to their servers. Apple's decision to put key aspects of the system on the phone itself prompted concerns that governments could force Apple to expand the system for other uses, such as scanning for prohibited political imagery.

The controversy has even moved into Apple's ranks, with employees debating the move in hundreds of posts on an internal chat channel, Reuters reported this week.

Reporting by Joseph Menn and Stephen NellisEditing by Marguerita Choy

Our Standards: The Thomson Reuters Trust Principles.

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After criticism, Apple to only seek abuse images flagged in multiple nations - Reuters

Technology is always changing, and the stock market's performance over the past decade has shown that tech stocks are must-own for almost any kind of investing style.

So-called FAAMNG stocks have been big winners and now make up the five most valuable companies in the United States. The tech sector's share of the overall stock market, meanwhile, is only going to grow in the coming years as technology more deeply penetrates business and everyday life.

With that in mind, we asked three of our contributors for their picks for stocks that are determining the way technology evolves. Keep reading to see why Shopify(NYSE:SHOP),Tesla(NASDAQ:TSLA), andFacebook(NASDAQ:FB) all made the list.

Image source: Getty Images.

Eric Volkman (Shopify): The coronavirus pandemic has forced many consumers to replace in-person shopping with the online variety. The ease and convenience becomes a hard habit to break. This, combined with other positive trends, is why e-commerce is in front of a long-tail growth story where it'll get much, much bigger.

As it does, one obvious beneficiary will be leading online retailing platform operator Shopify. The company is the one-stop shop (sorry) for a great many businesses building out an online presence, and it draws revenue by charging either flat subscription fees or (in the case of its Shopify Plus service aimed at larger enterprises) by a percentage of the client's sales.

It's a clean, straightforward and effective way of getting a piece of the e-commerce windfall. As a result, Shopify -- hardly a young company -- is continuing to grow like gangbusters.

In fact, Shopify's 86% year-over-year revenue growth in 2020 to $2.9 billion was its fastest revenue growth over the past four years. Many hot new companies in the tech industry can crank out double-digit growth in their early years, but this typically slows before long. It's a rare and special operator that can actually increase that rate, and do so after it's been on the scene for some time.

As for profitability, Shopify aped other tech up-and-comers by landing in the red on the bottom line for years. The costs for developing its offerings were considerable, after all. That changed in Q4 2019, when it eked out a roughly $800,000 net profit. Since then, those numbers have improved dramatically -- in its two most recently reported quarters it netted $879 million and nearly $1.26 billion, respectively.

Skeptics are quick to point out that Shopify stock has a sky-high valuation, thanks in no small measure to its monster popularity with investors during the pandemic. Its trailing 12-month price-to-sales ratio has climbed to nearly 51, and its forward price-to-earnings ratio is an astounding 244. By comparison, fellow e-commerce favorite Amazonboasts a P/S of 3.9 and a P/E of 58.

Yet Amazon, while indisputably a retail juggernaut, is a more mature business than Shopify. And the latter company is still in the middle of a gold rush that's only going to get more crowded. In many respects, Shopify isn't merely going to be a beneficiary of the future of e-commerce -- it is the future of e-commerce.

Trevor Jennewine (Tesla): Tesla may not be the first company that comes to mind when you think about tech stocks, but maybe it should be. Recently, CEO Elon Musk expressed his belief that, over the long term, people would think of Tesla as an artificial-intelligence and robotics company, not just an electric-vehicle (EV) manufacturer.

To that point, since October 2016, all Tesla vehicles have shipped with autopilot hardware, involving eight external cameras, 12 ultrasonic sensors, and an onboard supercomputer. Today, with over 1 million cars on the road, the company has collected over 3 billion miles' worth of real-world driving data, far more than any other automaker. That gives Tesla a significant advantage in the race to build a fully autonomous EV.

In 2019, the company reinforced that advantage with the launch of Autopilot Hardware 3.0, featuring an upgraded version of the in-car supercomputer. At the time, Musk called it "[objectively] the best chip in the world," and a report from Nikkei came to the same conclusion, stating that Tesla's technology was six yearsahead of its rivals.

More recently, Musk made a bold announcement at Tesla's Battery Day event, saying the company would produce a fully autonomous $25,000 EV within the next three years. You read that correctly -- Tesla plans to have an affordable, self-driving electric car in the near term.

If the company realizes that goal, it could radically change Tesla's business model. Rather than compete on low-margin vehicle sales, Tesla could license its self-driving platform to other automakers, transitioning into the higher-margin software industry. The company could also launch an autonomous-ride-hailing network, a market that Cathie Wood's Ark Invest values at $1.2 trillionby 2030. And given Tesla's advantage -- better tech and more data -- the company could capture a good chunk of that figure.

As a final thought, Tesla stock currently trades at an outrageous 19 times sales, while Toyotatrades even with sales. But a decade from now, if Tesla does indeed shift gears and disrupt the mobility industry, that number may not seem so absurd in hindsight. That's why now looks like a good time to pick up a few shares of this tech stock.

Jeremy Bowman (Facebook): Traditionally, Facebook hasn't been known as a pioneer of new technology. The company dominates social media and makes its money from advertising, and while social media as a concept is new, enabled by the internet, selling advertising next to content is a centuries-old business model.

However, Facebook's next phase could look a lot different. The company is investing heavily in its virtual-reality platform, Oculus, and similar projects at Facebook Reality Labs, its research division devoted to augmented and virtual reality. On Facebook's second-quarter earnings report, CEO Mark Zuckerberg introduced investors to the term "metaverse," which he explained on the earnings call was a virtual environment where people can be present with one another inside digital spaces. Zuckerberg described it as a place where anyone can hang out with friends, work, create, or play games.

So far, Oculus is only generating a small fraction of Facebook's total revenue, but it could get a lot bigger as virtual and augmented reality (AR and VR) go mainstream. Zuckerberg has predicted that VR would be the next big computing platform, noting that historically computing platforms have shifted approximately every 15 years, from mainframes, to PCs, to the internet, to mobile. Considering the iPhone was first introduced in 2007, the transition to VR should be emerging in the next few years, based on that pattern.

Monetization of the metaverse will come later, but it's easy to see how a new experience VR and AR lends to itself to a wide range of possibilities, including advertising, subscription content, an Apple-like app store, gaming, and others. Zuckerberg is only 37 years old and could very well be running Facebook in 2050, giving him plenty of time to execute on his vision. Wherever the future of technology goes, it's a good bet that he will be there.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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3 Stocks That Will Shape the Future of Technology - Motley Fool

The UN report found that greenhouse gases are likely to drive worldwide temperatures at least 1.5 C above preindustrial conditions within the next 20 years, fueling more common and more severe heat waves, floods, and droughts. Once that happens, carbon removal is essentially the only way to bring the climate back to a safer zone, because the greenhouse gas persists for hundreds to thousands of years in the atmosphere. (A last alternative is, perhaps, some form of geoengineering that reflects heat back into space, but that controversial idea presents all sorts of concerns.)

The model used to create the most optimistic scenario in the report, which limits warming to 1.5 C, assumes the world will figure out ways to remove about 5 billion tons of carbon dioxide a year by midcentury and 17 billion by 2100. (The scenario is known as SSP1-1.9, and those figures are based on an analysis of earlier data by Zeke Hausfather, a climate scientist at the Breakthrough Institute and contributing author on the UN assessment.)

That requires ramping up technologies and techniques capable of pulling as much CO2 out of the atmosphere every year as the US economy emitted in 2020. In other words, the world would need tostand up a brand-new carbon-sucking sector operating on the emissions scales of all Americas cars, power plants, planes, and factories, in the next 30 years or so.

We could remove less than that, but only if we cut emissions even faster, resign ourselves to greater climate risks or both.

In the model above, nearly all the carbon removal is achieved through an artificial approach known as bioenergy with carbon capture and storage, or BECCS. Basically, it requires growing crops that consume CO2 and then using the harvested biomass to produce heat, electricity, or fuels, while capturing and storing any resulting emissions. But despite the billions and billions of tons of carbon removal that climate models are banking on through BECCS, its only been done in small-scale projects to date.

The smaller remaining amount of removal in the model is done through natural solutions like reforestation and tree planting (see the the illustration below).

ZEKE HAUSFATHER, THE BREAKTHROUGH INSTITUTE

We know forests, soil, peatlands and other natural systems absorb significant levels of carbon dioxide, but it has proved challenging to develop markets and systems that reliably incentivize, measure and verify it. Meanwhile, other technical approaches are also immature, including carbon-sucking machines and various ways of accelerating the processes by which minerals and the oceans take up and store away CO2.

The IPCC assessment noted numerous other limitations and difficulties.

For one thing, while carbon removal does reduce the level of greenhouse gases in the atmosphere, the report notes that this effect may be offset to some degree. Modeling studies have found that the oceans and land start releasing more CO2 in response to that shifting atmospheric chemistry over certain time periods, undermining the benefits.

In addition, while carbon removal could gradually ease temperature increases and ocean acidification, it doesnt magically reverse all climate impacts. Notably, it would still take centuries to bring oceans back to the levels around which weve built our coastal cities, the report stresses. There could be all but irreversible damage to ice sheets, coral reefs, rain forests, and certain species as well, depending on how much warmer the world gets before we deeply cut emissions and scale up carbon removal.

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The UN climate report pins hopes on carbon removal technologies that barely exist - MIT Technology Review

DUBLIN--(BUSINESS WIRE)--The "Disposable Surgical Dressing Kits Global Market Insights 2021, Analysis and Forecast to 2026, by Manufacturers, Regions, Technology, Application, Product Type" report has been added to ResearchAndMarkets.com's offering.

This report describes the global market size of Disposable Surgical Dressing Kits from 2016 to 2020 and its CAGR from 2016 to 2020, and also forecasts its market size to the end of 2026 and its CAGR from 2021 to 2026.

For the geography segment, regional supply, demand, major players, price is presented from 2016 to 2026.

This report covers the following regions:

The key countries for each region are also included such as the United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Companies Covered:

For the competitor segment, the report includes global key players of Disposable Surgical Dressing Kits as well as some small players.

The information for each competitor includes:

Applications Segment:

Types Segment:

Key Topics Covered:

Chapter 1 Executive Summary

Chapter 2 Abbreviation and Acronyms

Chapter 3 Preface

3.1 Research Scope

3.2 Research Sources

3.2.1 Data Sources

3.2.2 Assumptions

3.3 Research Method

Chapter 4 Market Landscape

4.1 Market Overview

4.2 Classification/Types

4.3 Application/End Users

Chapter 5 Market Trend Analysis

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Threats

5.6 Covid-19 Impact

Chapter 6 Industry Chain Analysis

6.1 Upstream/Suppliers Analysis

6.2 Disposable Surgical Dressing Kits Analysis

6.2.1 Technology Analysis

6.2.2 Cost Analysis

6.2.3 Market Channel Analysis

6.3 Downstream Buyers/End Users

Chapter 7 Latest Market Dynamics

7.1 Latest News

7.2 Merger and Acquisition

7.3 Planned/Future Project

7.4 Policy Dynamics

Chapter 8 Trading Analysis

8.1 Export of Disposable Surgical Dressing Kits by Region

8.2 Import of Disposable Surgical Dressing Kits by Region

8.3 Balance of Trade

Chapter 9 Historical and Forecast Disposable Surgical Dressing Kits Market in North America (2016-2026)

9.1 Disposable Surgical Dressing Kits Market Size

9.2 Disposable Surgical Dressing Kits Demand by End Use

9.3 Competition by Players/Suppliers

9.4 Type Segmentation and Price

9.5 Key Countries Analysis

9.5.1 United States

9.5.2 Canada

9.5.3 Mexico

Chapter 10 Historical and Forecast Disposable Surgical Dressing Kits Market in South America (2016-2026)

10.1 Disposable Surgical Dressing Kits Market Size

10.2 Disposable Surgical Dressing Kits Demand by End Use

10.3 Competition by Players/Suppliers

10.4 Type Segmentation and Price

10.5 Key Countries Analysis

10.5.1 Brazil

10.5.2 Argentina

10.5.3 Chile

10.5.4 Peru

Chapter 11 Historical and Forecast Disposable Surgical Dressing Kits Market in Asia & Pacific (2016-2026)

11.1 Disposable Surgical Dressing Kits Market Size

11.2 Disposable Surgical Dressing Kits Demand by End Use

11.3 Competition by Players/Suppliers

11.4 Type Segmentation and Price

11.5 Key Countries Analysis

11.5.1 China

11.5.2 India

11.5.3 Japan

11.5.4 South Korea

11.5.5 Southest Asia

11.5.6 Australia

Chapter 12 Historical and Forecast Disposable Surgical Dressing Kits Market in Europe (2016-2026)

12.1 Disposable Surgical Dressing Kits Market Size

12.2 Disposable Surgical Dressing Kits Demand by End Use

12.3 Competition by Players/Suppliers

12.4 Type Segmentation and Price

12.5 Key Countries Analysis

12.5.1 Germany

12.5.2 France

12.5.3 United Kingdom

12.5.4 Italy

12.5.5 Spain

12.5.6 Belgium

12.5.7 Netherlands

12.5.8 Austria

12.5.9 Poland

12.5.10 Russia

Chapter 13 Historical and Forecast Disposable Surgical Dressing Kits Market in MEA (2016-2026)

13.1 Disposable Surgical Dressing Kits Market Size

13.2 Disposable Surgical Dressing Kits Demand by End Use

13.3 Competition by Players/Suppliers

13.4 Type Segmentation and Price

13.5 Key Countries Analysis

13.5.1 Egypt

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Worldwide Disposable Surgical Dressing Kits Industry to 2026 - by Manufacturers, Regions, Technology, Application and Product Type -...

WESTPORT, Conn., Aug. 13, 2021 (GLOBE NEWSWIRE) -- HMG Strategy, the Worlds #1 digital platform for enabling technology executives to reimagine the enterprise and reshape the business world, is thrilled to be hosting its 2021 HMG Live! Detroit CIO Executive Leadership Summit on September 14. HMG Strategys highly interactive events bring together the worlds most distinguished and innovative business technology leaders to discuss the most pressing leadership, strategic, cultural, technology and career challenges and opportunities that business technology executives face today and into the future.

Critical topics to be explored at the 2021 HMG Live! Detroit CIO Executive Leadership Summit will include real-world use cases for applying the Industrial Internet of Things (IIoT), edge computing and other advanced technologies to enable manufacturers to make the pivot to Industry 4.0; opportunities for leveraging low-code development to drive faster business results; along with recommendations for making businesses more sustainable and resilient.

Companies are facing a wide range of geo-economic, cyber, supply chain and competitive disruptions, said Hunter Muller President and CEO at HMG Strategy. Part of the value that CIOs and business technology leaders bring to the executive table is their ability to identify use cases for advanced technologies that can help move the needle for the business and enable their companies to gain a competitive edge.

HMG Strategys 2021 HMG Live! Detroit CIO Executive Leadership Summit will be held on September 14. Timely topics to be discussed include the Industrial Internet of Things (IIoT) and how to apply lloT, edge computing and other advanced technologies to enable manufacturers to make the pivot to Industry 4.0 while applying these technologies securely; the benefits of embracing a low-code approach to application development and the challenges that must be overcome; along with mastering soft skills for leadership success.

World-class CIOs and business technology executives speaking at the 2021 HMG Live! Detroit CIO Executive Leadership Summit on September 14 include:

Valued Partners for the 2021 HMG Live! Detroit CIO Executive Leadership Summit include Akamai, Apptio, Auth0, BetterCloud, Darktrace, Forescout Technologies, Globant, Horizon3.ai, Illumio, NPower, Rimini Street, Inc., RingCentral, SafeGuard Cyber, SentinelOne, SIM Detroit, Skybox Security, Zoom and Zscaler.

To learn more about the 2021 HMG Live! Detroit CIO Executive Leadership Summit and to register for the event, click here.

HMG Strategy will also be hosting its 2021 HMG Live! Global CISO Executive Leadership Summit on September 15. Key topics to be explored by CISOs and security leaders at this event will include recommendations for educating the board on cybersecurity and risk, the evolving role of the CISO along with the types of skills needed by cyber professionals to defend the organization on a go-forward basis.

Top-level CISOs and industry executives speaking at the 2021 HMG Live! Global CISO Executive Leadership Summit on September 15 will include:

Valued Partners for the 2021 HMG Live! Global CISO Executive Leadership Summit include Akamai, Auth0, BetterCloud, Code42, Darktrace, Forescout Technologies, Globant, Horizon3.ai, Illumio, Qnext, RingCentral, SafeGuard Cyber, Skybox Security, Zoom and Zscaler.

To learn more about the 2021 HMG Live! Global CISO Executive Leadership Summit and to register for the event, click here.

HMG Strategy will also be hosting its 2021 HMG Live! Phoenix CIO Executive Leadership Summit on September 16. Timely topics that will be discussed at this event will include recommendations for retaining, recruiting and reskilling a global hybrid workforce; how CISOs and security leaders are responding to President Bidens Executive Order on Cybersecurity for their organizations; how best to respond to ransomware attacks and whether organizations should be paying cyber-criminals; along with recommendations for navigating the future course for digital disruption.

Prominent CIOs and industry executives who will be speaking at the 2021 HMG Live! Phoenix CIO Executive Leadership Summit will include:

Valued Partners for the 2021 HMG Live! Phoenix CIO Executive Leadership Summit include Aisera, Akamai, Ally.io, the Arizona Technology Council, Auth0, BetterCloud, Check Point Software Technologies Ltd., Code42, Darktrace, Forescout Technologies, Globant, Horizon3.ai, Illumio, Rimini Street, RingCentral, SafeGuard Cyber, Skybox Security, SIM Arizona, Zoom and Zscaler.

To learn more about the 2021 HMG Live! Phoenix CIO Executive Leadership and to register for the event, click here.

To learn more about HMG Strategys upcoming CIO & CISO Summits, click here.

HMG STRATEGYS UPCOMING WEBINARS AND DIGITAL ROUNDTABLES

On September 13, HMG Strategy will be hosting a webinar powered by Google Cloud on `Reimagining the Business Through Application Innovation. In this event, which will feature Chris Hood, Head of Business Platform Strategy at Google Cloud and Ken Russell, Chief Innovation Officer at Curran Biotech, the speakers will explore how innovative applications can help fuel collaboration, deliver personalized and insight-driven experiences and provide companies with a competitive edge.

To learn more about this event and to register, click here.

To learn more about HMG Strategys archived and upcoming webinars, click here.

HMG STRATEGYS 2021 GLOBAL LEADERSHIP INSTITUTE AWARDS

The HMG Strategy 2021 Global Leadership Institute Awards honor exemplary technology leaders and leadership teams who are delivering exceptional value to their organizations. This award recognizes those who have reimagined and reinvented themselves to place their organizations on the fast track to groundbreaking transformation in dynamic times. Technology executives and their teams who receive these awards are being recognized for accomplishments in the following areas: Diversity, Equity and Inclusion; Leading into the C-suite; Creating New Go-to-Market Business Models; Modernizing Enterprise Architecture; and Building a Culture of Trust.

At its 2021 HMG Live! Atlanta CIO Executive Leadership Summit at the St. Regis Hotel on August 3, HMG Strategy recognized the following executives for their exemplary leadership:

Art Hopkins,Global Co-Leader of Technology Officers Practice, Russell Reynolds Associates

Lo Li,SVP, CTO Global Consumer Solutions, Equifax

Ryan Loy,CIO, EBSCO

Bates Turpen,CIO, Travelport

To learn more about HMG Strategys 2021 Global Leadership Institute Awards and to nominate a deserving executive, click here.

About HMG Strategy

HMG Strategy is the world's leading digital platform for connecting technology executives to reimagine the enterprise and reshape the business world. Our regional and virtual CIO and CISO Executive Leadership Series, authored books and Digital Resource Center deliver unique, peer-driven research from CIOs, CISOs, CTOs and technology executives on leadership, innovation, transformation and career ascent. HMG Strategy offers a range of peer-driven research services such as its CIO & CISO Executive Leadership Alliance (CELA) program which bring together the worlds top CIOs, CISOs and technology executives to brainstorm on the top opportunities and challenges facing them in their roles.

HMG Strategy also produces the HMG Security Innovation Accelerator Panel, a new webinar series thats designed to connect enterprise CISOs and security leaders with the most innovative cybersecurity companies from across the world.

The HMG Strategy global network consists of over 400,000 senior IT executives, industry experts and world-class thought leaders.

To learn more about the 7 Pillars of Trust for HMG Strategy's unique business model, click here.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/854bf231-0c9c-4354-bc24-9466001c642f

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CIO Leadership: Leveraging Advanced Technologies in the Pivot to Industry 4.0 Will Power the Discussion at - GlobeNewswire

TORONTO & NOIDA, India--(BUSINESS WIRE)--HCL Technologies (HCL), a leading global technology company, announced Rogers Communications, a leading Canadian telecom service provider and media company, has selected HCL to expand support of operational stability excellence in business and operational support systems and corporate IT systems. This new multi-year agreement strengthens HCLs managed services partnership with Rogers that began in 2016.

HCL will help scale Rogers IT infrastructure and workloads migrating to the current private and public cloud infrastructure, support the enterprises operations, and serve as the ongoing managed services provider. The expanded contract will allow HCL to invest in the next generation of AI and machine learning to enable best practices, accelerate efficiencies, and provide Rogers Communications with the needed flexibility to harness the new era of 5G and digital technologies.

HCL has played an important role in supporting the reliability of our operations since 2016 and has provided tremendous value by enabling us to scale IT operational efficiency and stability, said Vikram Virk, Vice President, IT Operations at Rogers Communications. We are pleased to renew and expand our strategic partnership with HCL to help support our customers.

In line with HCLs vision, this new chapter in our relationship with Rogers is an affirmation of our strategy in responding to customers digital transformation journeys, said Anil Ganjoo, Corporate Vice President, HCL Technologies. By focusing on cloud, automation, AI, fast networks and more, Rogers can ensure it meets its customers current and future needs.

We are excited to work with Rogers as it embarks on the next phase of its technology evolution to deliver leading performance and reliability, as well as best-in-class customer experience, said Joelien Jose, Executive Vice President and Country Head, Canada, HCL Technologies. The Rogers partnership with HCL further validates its substantial investment in Canada, the most recent being the 350-seat digital acceleration center in Mississauga.

About HCL Technologies

HCL Technologies (HCL) empowers global enterprises with technology for the next decade, today. HCLs Mode 1-2-3 strategy, based on its deep-domain industry expertise, client-centricity and entrepreneurial culture of Ideapreneurship, enables businesses to transform into next-gen enterprises.

HCL offers its services and products through three business units: IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in the areas of applications, infrastructure, digital process operations and next-generation digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering. P&P provides modernized software products to global clients for their technology and industry-specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, including Financial Services, Manufacturing, Technology and Services, Telecom and Media, Retail and CPG, Life Sciences and Healthcare, and Public Services.

As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability, and education initiatives. For the 12 months ended June 30, 2021, HCL had consolidated revenue of $10.54 billion. Its more than 175,000 Ideapreneurs operate out of 50 countries.

For more information, visit http://www.hcltech.com

Forwardlooking Statements

Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes, strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, business process outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the Management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

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HCL Technologies Selected by Rogers to Support Operational Stability - Business Wire