HCL Tech has closed the acquisition of several IBM products. The company has now ownership of AppScan, BigFix, Commerce, Connections, Digital Experience (Portal and Content Manager), Notes Domino, and Unica. We assume the price of the transaction has not changed and still is USD 1.8bn.
HCL Tech’s ERS unit posted an excellent growth of +12.1% yoy at CC. The growth positioned ERS as the second fastest ER&D services vendor (among top ten vendors) behind Alten, ahead of Altran. ERS’s growth is, however, slowing from its peak of +47.7% at CC in Q3 FY18.
We are now entering the season for Q1 earnings, and as always we will look into changes in major trends. The state of the automotive industry will be an area we will be closely monitoring.
The revenue growth of HCL Tech’s ERS unit continued to be high in Q3 FY19 to 17.4% yoy at CC. Revenues well above the half-billion threshold, to USD 562m, comforting HCL Tech as the third largest ER&D service vendor globally.
We learned a bit more about the rationale of this USD 1.8bn deal under which HCL Tech is acquiring seven software products from IBM. A diversified scope with mature and high-growth potential products HCL is acquiring products with high
HCL Tech provided additional light on its recently-announced acquisition of seven IBM software product for $1.8bn. What is the scope of the deal? HCL Tech is buying seven products, of which two are new (Commerce and Connections), and five
HCL Tech will acquire eight software products from IBM for $1.8bn. The company is taking over several brands Unica (marketing automation), Commerce, Appscan (static code analysis), Lotus and Domino, and lesser known products such as BigFix, Connections, and Portal).
HCL Tech’s ERS unit had another impressive performance with a CC growth in Q2 FY19 of +26.3% yoy. ERS’ revenues were approximately USD 535m this quarter, not very from the revenues of Alten (EUR 556m), the number two ER&D
The star of ER&D services, HCL Tech, has acquired Hönigsberg & Düvel Datentechnik GmbH (H&D), a German IT services and ER&D vendor servicing mostly the automotive sector. H&D provides IT infrastructure services, application and embedded software services, and manufacturing
HCL Tech’s ERS unit had another splendid performance this quarter (Q4 FY18), with a CC revenue growth of +30.4%, to approximately USD 490m in revenues. Excluding the Geometric acquisition, I estimate CC/CS revenue growth was close to 20% still
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ERDservices is pleased to announce its ranking of the fastest-growing ER&D service vendors in CY 2017. Note that this ranking is based on reported numbers (and not on CC or CC/CS numbers). More about the methodology below the chart.
HCL Tech reported an amazing 47.7% y/y revenue growth in its Engineering and R&D services (ERS) business, in Q3 FY18. We estimate that ERS revenues were USD 480m, a revenue increase of USD 156m, compared to Q3 FY17. ERS
Several industry observers, and even, the CEO of Altran, Dominique Cerutti, have predicted that following the Altran Aricent move, the ER&D industry would accelerate its industry consolidation. Is this right? The USD 2bn Aricent acquisition certainly is the largest
We looked at the recent financial of HCL Tech’s Engineering R&D Services (ERS) unit and wanted to understand the reasons for its phenomenal growth in Q4 FY17 (+26% at CC) and in H1 18 (+37% ). What did we