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MarketScreener Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  HCL Technologies Limited    HCLTECH   INE860A01027

HCL TECHNOLOGIES LIMITED

(HCLTECH)
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HCL Technologies : Announces Close of Acquisition of Select IBM Products

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07/01/2019 | 10:04am EST

Company Launches HCL Software Business Unit to Operate the Enterprise Software Offerings

HCL Technologies (HCL), a leading global technology company, today confirmed the official close at the end of June 2019 the previously announced acquisition of select IBM products for security, marketing, commerce, and digital solutions. As part of the deal’s close, HCL takes full ownership of the research and development, sales, marketing, delivery, and support for AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes Domino, and Unica.

HCL is also formally introducing HCL Software, a new division that will operate this enterprise software product business and meet customer demand. A Business Unit of “Products and Platforms” (Mode 3), HCL Software has successfully delivered more than 340 partner releases and more than 90 HCL releases, including such popular products as Informix 14.10, Domino 10, Workload Automation 9.5. The division aspires to reshape the enterprise software business, focused on innovation and cutting-edge delivery for customer success.

“We are excited for the next phase of the HCL Software Business Unit and are confident that these products will see good growth trajectory backed by our commitment to invest in product innovation coupled with our strong client focus and agile product development,” said C Vijayakumar, President & CEO, HCL Technologies. “In addition, we see tremendous potential for creating compelling ‘as-a-service’ offerings by combining these products with our traditional IT and next gen services.”

“Our mission is to help customers achieve success with their IT investments through relentless innovation of our products,” said Darren Oberst, Corporate Vice President and Head of HCL Software. “We are intensely customer-focused, in our product roadmaps, client advocacy, transparent development processes, high-velocity releases, and consultative sales teams. Our customers will be the ultimate beneficiaries, and we look forward to collaborating with them. We are also pleased to welcome the IBM employees who are joining HCL Technologies.”

HCL welcomes and encourages customers to register at: www.hcltechsw.com/welcome to ensure business continuity. Registration is required to obtain access to customer services, including the Support Portal, E-commerce Sales Portal for software transactions, and access to software downloads and licensing information. Customers can also email software-info@hcl.com for inquiries and assistance.

About HCL Technologies

HCL Technologies (HCL) is a leading global technology company that helps global enterprises re–imagine and transform their businesses through Digital technology transformation. HCL operates out of 44 countries and has consolidated revenues of US$ 8.6 billion, for financial year ended 31st March, 2019. HCL focuses on providing an integrated portfolio of services underlined by its Mode 1–2–3 growth strategy. Mode 1 encompasses the core services in the areas of Applications, Infrastructure, BPO and Engineering & R&D services, leveraging DRYiCE™ Autonomics to transform clients' business and IT landscape, making them 'lean' and 'agile'. Mode 2 focuses on experience–centric and outcome–oriented integrated offerings of Digital & Analytics, IoT WoRKS™, Cloud Native Services and Cybersecurity & GRC services to drive business outcomes and enable enterprise digitalization. Mode 3 strategy is ecosystem–driven, creating innovative IP–partnerships to build products and platforms business.

HCL leverages its global network of integrated co-innovation labs and global delivery capabilities to provide holistic multi–service delivery in key industry verticals including Financial Services, Manufacturing, Telecommunications, Media, Publishing, Entertainment, Retail & CPG, Life Sciences & Healthcare, Oil & Gas, Energy & Utilities, Travel, Transportation & Logistics and Government. With 137,965 professionals from diverse nationalities, HCL focuses on creating real value for customers by taking 'Relationships Beyond the Contract'. For more information, please visit www.hcltech.com.


© Business Wire 2019
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Financials (INR)
Sales 2020 702 B
EBIT 2020 134 B
Net income 2020 104 B
Finance 2020 89 960 M
Yield 2020 1,86%
P/E ratio 2020 14,6x
P/E ratio 2021 13,0x
EV / Sales2020 2,04x
EV / Sales2021 1,84x
Capitalization 1 520 B
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Mean consensus BUY
Number of Analysts 35
Average target price 624,19  INR
Last Close Price 560,30  INR
Spread / Highest target 26,4%
Spread / Average Target 11,4%
Spread / Lowest Target -14,3%
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Managers
NameTitle
C. Vijayakumar President & Chief Executive Officer
Shiv Nadar Chairman, Chief Strategy Officer & MD
Prateek Aggarwal Chief Financial Officer
Hanumantha Rao Gade President-Engineering, R&D Services
Kalyan B. Kumar Chief Technology Officer & Corporate VP
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