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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 : partners with Google Cloud

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06/12/2019 | 02:52am EST

HCL Technologies (HCL), a leading global technology company, today announced it has become a Google Cloud Platform (GCP) Premier Partner. The new partnership will help enterprises accelerate the adoption of GCP at scale and further strengthens HCL’s portfolio of cloud services. HCL is also an early adopter of Anthos, Google Cloud’s new open cloud platform, helping its clients to build and manage hybrid cloud services and to modernise applications with containers and microservices architectures.

“The winning combination of GCP and HCL’s managed services and engineering expertise will be a major enabler for the digital businesses of tomorrow,” said Kalyan Kumar, corporate vice-president and chief technology officer: IT Services, at HCL Technologies. “HCL’s global delivery capabilities and experience in Cloud Native Services will drive transformation and support the rapid growth of hybrid cloud ecosystems. This will help our clients to create more responsive digital enterprises that drive business agility and accelerate innovation. The partnership also supports the continuation of HCL’s Mode 1-2-3 strategy, as we extend the availability of our products and platforms via the GCP marketplace.”

The partnership will see HCL create a GCP Centre of Excellence, to be embedded in its Cloud Native Labs in London, New York and Noida. It will help customers experience the speed, scalability and innovation that GCP offers. HCL’s Cloud Native Labs spearhead the adoption of Kubernetes and CloudFoundry ecosystems for its clients.

HCL will help clients migrate applications to take full advantage of GCP and offer next-generation services to accelerate building new applications on GCP. In addition, the Cloud Native Labs will offer cloud strategy, proof of concept building and cloud native cultural transformation services for GCP. HCL will also implement an extensive internal training programme to enable its workforce to develop skills and become certified on GCP.

HCL’s ISV Cloudification Factory will enable independent software vendors (ISVs) to modernise their products and make them available on the GCP marketplace, or SaaSify their products to run on GCP.

“We are excited to collaborate with HCL on bringing the benefits of hybrid computing to our mutual customers,” said Kevin Ichhpurani, corporate vice-president: Global Partner Ecosystem at Google Cloud. “Our enterprise technology stack in combination with HCL's reach in the enterprise customer space, global delivery capabilities and domain expertise creates a unique experience for our joint customers and facilitates their digital transformation journey.”

Added Kumar: “Google Cloud’s Anthos provides an easy way to integrate and build a true hybrid cloud. With automation and operational governance at the core, and security and compliance built in, Anthos is ideal for delivering the digital services of tomorrow, today. Google Cloud's Anthos approach of technology modernisation, combined with architecture consistency and extensive ecosystem design, makes it our choice of partner for serving our customers’ next-generation business objectives.”

For more information on HCL’s Cloud Native Services, visit: https://www.hcltech.com/cloud.

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Financials (INR)
Sales 2020 702 B
EBIT 2020 133 B
Net income 2020 104 B
Finance 2020 86 839 M
Yield 2020 1,80%
P/E ratio 2020 14,9x
P/E ratio 2021 13,3x
EV / Sales2020 2,08x
EV / Sales2021 1,88x
Capitalization 1 548 B
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Mean consensus BUY
Number of Analysts 36
Average target price 1 246,28  INR
Last Close Price 1 141,10  INR
Spread / Highest target 24,1%
Spread / Average Target 9,22%
Spread / Lowest Target -15,4%
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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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