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HCL Tech signs five year partnership with Xerox Corp.
HCL Tech has entered into a five year agreement with Xerox Corporation to provide
embedded, mechanical and software engineering services for certain Xerox printer and
imaging product lines. This partnership will allow Xerox to improve the efficiency and
effectiveness of its global engineering operations and continue to innovate in product
development operations. However, the financial details of the agreement were not
disclosed. Engineering and research and development services form about 18% of HCL
Tech's overall revenue. We maintain Buy rating on the stock with a target price of `603.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
HCL Tech signs five year partnership with Xerox Corp.
HCL Tech has entered into a five year agreement with Xerox Corporation to provide
embedded, mechanical and software engineering services for certain Xerox printer and
imaging product lines. This partnership will allow Xerox to improve the efficiency and
effectiveness of its global engineering operations and continue to innovate in product
development operations. However, the financial details of the agreement were not
disclosed. Engineering and research and development services form about 18% of HCL
Tech's overall revenue. We maintain Buy rating on the stock with a target price of `603.
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