IT major HCL Technologies Ltd has set up an innovation centre focused on engineering and R&D services in Edmonton, Alberta, a province in eastern Canada.

Bringing together an ecosystem of partners from academia, government institutions, start-ups and technology providers, HCL’s innovation centre will serve as a hub for HCL engineering teams to co-innovate with customers and solve complex business problems for clients globally.

According to the reports, the centre structures an engineering and co-innovation lab enabling high tech and software clients, including Fortune 100 leaders. Not only to envision the products, but also to see rapid product prototyping, collaborative research and continuous learning to create faster time-to-market.

The team to engage in product engineering, platform engineering, operational technology services and next-generation engineering, research and development. As part of the expansion, HCL hires college graduates from local educational institutions including The University of Alberta, MacEwan University, NAIT, SAIT and others.

“The Edmonton Innovation Center represents a significant expansion of our world-class technology talent and exceptional engineering presence in Canada. Engineering-led digital transformation is set to re-imagine the business landscape, and the excellent facilities at our Edmonton Center provide the right environment for shaping the future of the IT industry," says Joelien Jose, country head, Canada, HCL.

Recently, HCL Technologies scored an outstanding revenue growth performance, but profitability missed estimates; Q3 saw healthy deal bookings, strong hiring, good cash flow conversion and client additions. The management reiterated its earlier guidance of a double-digit CC revenue growth. However, it lowered EBIT margin guidance to 19 percent from 19-21 percent earlier, owing to higher attrition, investments & normalisation of product business margins. HCL Tech is expected to narrow gap versus large peers in terms of revenue growth in FY2023 given continued strength in services business, strong deal intake and improvement in growth profile of products business.