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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 | 12:35pm CET

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 -1.72% 961.2 End-of-day quote.7.28%
INTERNATIONAL BUSINESS MACHINES CORPORATION -0.69% 119.9 Delayed Quote.-21.85%
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Financials (INR)
Sales 2019 601 B
EBIT 2019 121 B
Net income 2019 101 B
Finance 2019 111 B
Yield 2019 1,66%
P/E ratio 2019 13,29
P/E ratio 2020 11,97
EV / Sales 2019 1,99x
EV / Sales 2020 1,73x
Capitalization 1 311 B
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Mean consensus OUTPERFORM
Number of Analysts 43
Average target price 1 164  INR
Spread / Average Target 21%
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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