Hitachi Limited Stock Price, News & Analysis

GlobalLogic, a leader in digital engineering, announced the establishment of an automotive software facility in Poland to support Stellantis in developing software-defined vehicles (SDVs). This collaboration aims to enhance Stellantis' open automotive platform, integrating new technologies and regular over-the-air updates to improve the driving experience. According to a Goldman Sachs report, SDVs are pivotal for competitive advantage in the automotive sector.

On February 15, 2023, Hitachi Vantara announced that Gijima, a Black-owned South African ICT company, has adopted Hitachi Virtual Storage Platform (VSP) arrays to boost data infrastructure performance and sustainability. This move aims to cut energy costs and reduce energy consumption by 66%, addressing the significant energy demands of data centers, which contribute to 4% of global greenhouse emissions. The new system consolidates physical infrastructure, reducing racks from nine to three, thereby enhancing efficiency and reducing carbon footprint. Hitachi's eco-friendly designs consistently lower emissions by 30-40% with each generation, supporting organizations in their sustainability goals.

Hitachi Ltd. announced a positive rating in the 2023 Gartner Vendor Rating report for the second consecutive year, reflecting its strong performance in IT and digital offerings. The report evaluates the technology provider's business objectives and strategic direction, assisting customers in understanding Hitachi's operations. Hitachi employs over 350,000 staff globally and aims to enhance its digital transformation solutions through its subsidiary, Hitachi Vantara. The company reported consolidated revenues of ¥10,264.6 billion (~$84.1 billion) for the fiscal year ending March 31, 2022.

Hitachi Vantara has announced a global partnership with Model9 to enhance access to mainframe data in hybrid cloud environments. This collaboration aims to provide businesses with significant visibility and value from mainframe data, which is vital since 71% of Fortune 500 companies rely on mainframes. The partnership addresses challenges businesses face during mainframe modernization, including data security and access issues. By integrating Model9’s software with Hitachi’s Virtual Storage Platform (VSP) 5000 series, enterprises can efficiently transfer mainframe data to the cloud while minimizing risks and costs, enabling quicker cloud transformations.

GlobalLogic Inc., a Hitachi Group Company, has announced plans to open new engineering centers in Spain, marking its entry into Southwest Europe. The announcement was made by CEO Nitesh Banga during a meeting with Spanish Prime Minister Pedro Sánchez. These centers will provide design-led digital engineering services to both local and global clients. GlobalLogic aims to create a workforce of up to 3,000 professionals over the next three years, leveraging Spain's skilled talent pool and the government's support for digital transformation initiatives. The expansion follows the company's establishment of a legal entity in Spain in 2022.

GlobalLogic Inc., part of Hitachi Group, has been recognized as a leader in the Zinnov Zones for ER&D Services 2022 Ratings. This assessment evaluates engineering research and development service providers on scalability and expertise. GlobalLogic has consistently ranked in the leader quadrant since 2016, indicating its establishment and expansion in various markets and technologies. The firm excels in verticals like Automotive, Data & AI Engineering, and Telecommunications. The recognition acknowledges GlobalLogic's commitment to innovation and digital transformation, bolstered by strategic acquisitions.

Hitachi Vantara announced the appointment of Monica Kumar as the new Chief Marketing Officer (CMO), effective immediately. Kumar, previously the Senior Vice President at Nutanix, has over 20 years of experience in marketing leadership roles, notably as CMO of Oracle's Database business. CEO Gajen Kandiah expressed confidence in Kumar's ability to enhance Hitachi Vantara's market presence amidst challenging conditions. Kumar aims to highlight the company's capabilities and transform customer engagements.

GlobalLogic Inc., a leader in digital engineering and part of the Hitachi Group, announced the acquisition of Hexacta, a prominent digital and data engineering company in Latin America. This strategic move aims to expand GlobalLogic's service offerings and enhance its talent pool to meet increasing market demand. Hexacta, with 800 employees across five countries, will strengthen GlobalLogic's nearshore capabilities and deepen its expertise in digital product development. The deal's terms remain undisclosed, but it is expected to close by the end of Q1 2023, pending regulatory approvals.

Hitachi Vantara announced an expansion of its Application Reliability Centers (HARC) with new Cloud Security Services aimed at enhancing DevSecOps and securing cloud application workloads.

The services offer multilevel security to protect data across five critical layers and leverage zero-trust architecture to ensure compliance and mitigate threats. This move comes as companies increasingly migrate to hybrid and multicloud environments, facing growing cybersecurity risks. The offering is designed to optimize costs while enhancing performance across major platforms like AWS, Azure, and Google Cloud.