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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 : , IBM collaborate to accelerate clients` hybrid cloud journey

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02/16/2019 | 09:33am EST

HCL Technologies Thursday announced new re-platforming and re-factoring services to enable enterprises to build and migrate applications to IBM Cloud Private from within the company`s HCL Cloud Native Labs. "The services will be orchestrated and available from HCL`s Cloud Native Labs in London, New York, and Noida, later this year," the company said in a statement.

The company said this while announcing collaboration with IBM designed to help advance the hybrid cloud journeys of organisations worldwide.

According to the release, HCL offerings include cloud strategy planning, application transformation, cloud-native cultural transformation, proof of concept building, and next-generation cloud native software development services - all of which are being extended to include the IBM Cloud offerings.

Additionally, HCL will offer services to help migrate ISV solutions to IBM Cloud. Finally, HCL and IBM plan to collaborate to assist clients in building joint solutions that include IBM Al capabilities.

"HCL will provide the necessary services to enable a customer`s cloud native journey covering portfolio assessment platform design / build, applications transformation, software engineering, and platform operations, which makes this collaboration significant," said Kalyan Kumar, corporate vice-president and CTO, HCL.

HCL operates out of 44 countries and has consolidated revenues of USD 8.4 billion, for 12 months ended December 2018. NKD HRS

(c) All Rights Reserved - Mubasher Info 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
HCL TECHNOLOGIES -0.69% 1039.05 End-of-day quote.8.50%
INTERNATIONAL BUSINESS MACHINES CORPORATION 0.01% 138.03 Delayed Quote.21.43%
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Financials (INR)
Sales 2019 604 B
EBIT 2019 120 B
Net income 2019 102 B
Finance 2019 102 B
Yield 2019 1,38%
P/E ratio 2019 14,16
P/E ratio 2020 12,98
EV / Sales 2019 2,18x
EV / Sales 2020 1,92x
Capitalization 1 420 B
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Technical analysis trends HCL TECHNOLOGIES
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 44
Average target price 1 157  INR
Spread / Average Target 11%
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
Sector and Competitors
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AUTOMATIC DATA PROCESSING14.15%65 201