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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 : to acquire select IBM products for $1.8 billion

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12/07/2018 | 06:35am EDT

BENGALURU: IBM and HCL Technologies (HCL) announced a definitive agreement under which HCL will acquire select IBM software products for $1.8 billion.

The transaction is expected to close by mid-2019, subject to completion of applicable regulatory reviews, HCL said in a regulatory filing.

The software products in scope represent a total addressable market of more than $50 billion and include Appscan, BigFix, Unica, Commerce, Notes & Domino among others.

HCL and IBM have an ongoing IP Partnership for five of these products.

"We continue to see great opportunities in the market to enhance our products and platforms offerings. The products that we are acquiring are in large growing market areas like security, marketing, and commerce which are strategic segments for HCL. Many of these products are well regarded by clients and positioned in the top quadrant by industry analysts," said C Vijayakumar, President & CEO, HCL Technologies.

(c) 2018, Express Network Pvt Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
HCL TECHNOLOGIES 0.51% 1066.4 End-of-day quote.10.02%
INTERNATIONAL BUSINESS MACHINES CORPORATION -4.20% 130.48 Delayed Quote.20.04%
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Financials (INR)
Sales 2020 694 B
EBIT 2020 132 B
Net income 2020 108 B
Finance 2020 112 B
Yield 2020 2,39%
P/E ratio 2020 13,36
P/E ratio 2021 12,09
EV / Sales 2020 1,91x
EV / Sales 2021 1,70x
Capitalization 1 439 B
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Mean consensus OUTPERFORM
Number of Analysts 42
Average target price 1 202  INR
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
C. Vijayakumar President & Chief Executive Officer
Shiv Nadar Chairman, Chief Strategy Officer & MD
Prateek Aggarwal Chief Financial Officer
Kalyan Kumar B. Chief Technology Officer-IT Services & VP
Robin Ann Abrams Independent Non-Executive Director
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