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    HCLTECH   INE860A01027

HCL TECHNOLOGIES LIMITED

(HCLTECH)
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Delayed NSE India Stock Exchange  -  07:25 2022-08-19 am EDT
970.05 INR   -0.35%
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HCL Technologies and VMware Expand Partnership to Streamline 5G and RAN Deployments

02/28/2022 | 02:00am EDT

VMware and HCL Technologies announced the companies will expand their collaboration to deliver integrated solutions for service providers around the world. HCL, specifically, will expand its Cloud Smart portfolio of services powered by VMware technology to include support for VMware Telco Cloud – 5G Core and VMware Telco Cloud RAN. In addition, HCL will set up a dedicated lab to streamline the deployment of these solutions across customers' networks.

HCL operates VMware-enabled labs across the globe to support customer deployment of VMware solutions. As part of this expanded partnership, HCL will establish a lab for onboarding, integration, verification, and performance benchmarking of various 5G Core and virtual RAN configurations on VMware Telco Cloud Platform. In addition, VMware will train additional HCL engineers on how to deploy, configure and manage VMware Telco Cloud Platform.

This will enable service providers – both existing mutual customers and new prospects – to quickly launch trials, Proofs of Concept (POC) and/or commercial deployment of VMware Telco Cloud Platform. VMware and HCL complement each other's abilities and the ties between both companies are extensive: 8,000 HCL professionals are trained on VMware technologies, 1,800 HCL engineers currently use VMware technology in customer projects, 1,600 certifications and accreditations are available on VMware technologies.


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Analyst Recommendations on HCL TECHNOLOGIES LIMITED
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Financials
Sales 2023 983 B 12 300 M 12 300 M
Net income 2023 141 B 1 769 M 1 769 M
Net cash 2023 174 B 2 179 M 2 179 M
P/E ratio 2023 18,6x
Yield 2023 4,34%
Capitalization 2 626 B 32 856 M 32 856 M
EV / Sales 2023 2,49x
EV / Sales 2024 2,24x
Nbr of Employees 210 966
Free-Float 38,7%
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Mean consensus OUTPERFORM
Number of Analysts 41
Last Close Price 970,05 INR
Average target price 1 080,85 INR
Spread / Average Target 11,4%
EPS Revisions
Managers and Directors
C. Vijayakumar President, Chief Executive Officer & MD
Prateek Solek Aggarwal Chief Financial Officer
Roshni Nadar Malhotra Chairman
Hanumantha Rao Gade President-Engineering, R&D Services
Kalyan Kumar B. Chief Technology Officer & Corporate VP
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