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HCL Tech inks `567cr deal with UK's Mecom
HCL Tech has signed a five-year deal with UK-based publisher, Mecom, which is expected
to generate `567cr business for it and will commence from 1HFY2012. This deal could be
further extended by two years and cover other areas of IT. Under the deal, HCL Tech will
provide Mecom with infrastructure management services and in certain cases application
management services in the Netherlands, Denmark and Norway. We maintain our Buy
rating on the stock with a target price of `591.
Visit http://indiaer.blogspot.com/ for complete details �� ��
HCL Tech inks `567cr deal with UK's Mecom
HCL Tech has signed a five-year deal with UK-based publisher, Mecom, which is expected
to generate `567cr business for it and will commence from 1HFY2012. This deal could be
further extended by two years and cover other areas of IT. Under the deal, HCL Tech will
provide Mecom with infrastructure management services and in certain cases application
management services in the Netherlands, Denmark and Norway. We maintain our Buy
rating on the stock with a target price of `591.
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