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

HCL TECHNOLOGIES

(HCLTECH)
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HCL Technologies : positioned as a Leader in 2018 IDC MarketScape for DevOps Services

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02/11/2019 | 07:50pm EST

Noida, 11th Feb 2019: HCL Technologies (HCL), a leading global technology company, has been positioned as a Leader in the 2018 IDC MarketScape: Worldwide DevOps Services 2018 Vendor Assessment (doc #US41235417, November 2018). HCL was assessed in the areas of DevOps services offering intellectual property and portfolio benefits. HCL's practice has a tenure that spans more than 10 years and according to the report, 'HCL was assessed well in the areas of DevOps services offering, intellectual property, and portfolio benefits.'

The report also says, 'HCL was rated well against IDC's intellectual property criteria for the number of DevOps platforms it has and utilizes with clients as well as how quickly HCL can deploy them according to client requirements. Both metrics in terms of quantity of platforms and speed of platform deployment were greater and faster than expected.'

HCL's breadth of DevOps technical expertise spans a wide variety of continuous development. The HCL top DevOps automation areas include infrastructure environment provisioning and management, back-end application code build and packaging, unit testing and functional testing.

We are excited on being recognized a Leader in DevOps Services by IDC in its first such MarketScape of DevOps maturity and capabilities across global service providers. We consider DevOps and Scaled Agile transformation capabilities the core differentiation of our Digital and Analytics service' said Anand Birje, Corporate Vice President, Digital & Analytics, HCL Technologies.

'IDC continues to observe that DevOps adoption is surging. Organizations are finding it difficult to meet application time to value demands using traditional application lifecycle practices, and as a result, application delivery teams are turning towards DevOps to drive application delivery speed and bolster application quality. Yet, while DevOps adoption has grown, organizations are at early stages of building DevOps expertise and maturity. Because of this, application services providers who are skilled in DevOps disciplines that range from advisory to application delivery are well positioned to aid buyer organizations with advancing their DevOps competencies and better realize the benefits of DevOps delivery.' said Peter Marston, Research Director, IDC

The IDC MarketScape study represents a vendor assessment of providers offering DevOps services through the IDC MarketScape model. The assessment reviews both quantitative and qualitative characteristics that define current market demands and expected buyer needs for DevOps services. The DevOps services market exhibits the characteristics that suppliers must take into consideration when crafting a future strategy and in leveraging existing capabilities to best advantage.

About IDC MarketScape:

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in each market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

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$ 8.4 billion, for 12 Months ended 31st December, 2018. 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 DRYiCETM 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 132,328 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

Forward-looking 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.

For further details please contact:

Anne Coyle, US

Anne.coyle@hcl.com

Elka Ghudial, Europe

Elka.ghudial@hcl.com

Devneeta Pahuja, India and APAC

Devneeta.p@hcl.com

Disclaimer

HCL Technologies Limited published this content on 11 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2019 00:49:01 UTC

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Sales 2019 604 B
EBIT 2019 120 B
Net income 2019 102 B
Finance 2019 102 B
Yield 2019 1,36%
P/E ratio 2019 14,30
P/E ratio 2020 13,13
EV / Sales 2019 2,22x
EV / Sales 2020 1,94x
Capitalization 1 440 B
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Average target price 1 158  INR
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