Jan 29, 2013, 06.02 PM IST
Software services major HCL Technologies today said it has entered into a multi-year, multi million dollar pact with technology firm Cobham to deliver cost-efficient engineering and R&D services.
As part of the engagement, HCL will deliver a range of cost-efficient engineering and R&D services including end-to-end product engineering, design-to-prototype and value engineering to Cobham, which serves the aerospace and defence industry, the company said in a statement.
HCL will support multiple Cobham sites across the globe with a broad range of services, hardware, software, embedded, mechanical, testing and full turn-key projects, it added.
"With over a decade of industry experience, comprehensive service capabilities and mature delivery models, HCL is well placed to help Cobham to become more competitive with greater focus on new technologies and innovation," HCL Technologies EVP and Global Head (Sales and Practice, Engineering and R&D Services) Sandeep Kishore said.
"HCL will be a key partner in helping to invest in strategic programmes which allow us to stay ahead of the competition," Cobham's Avionics and Surveillance Division VP Operations Tom Garvey said.
HCL Tech stock price
On December 13, 2013, at 13:29 hrs HCL Technologies was quoting at Rs 1180.65, up Rs 0.40, or 0.03 percent. The 52-week high of the share was Rs 1188.10 and the 52-week low was Rs 615.30.
The company's trailing 12-month (TTM) EPS was at Rs 61.48 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 19.2. The latest book value of the company is Rs 146.46 per share. At current value, the price-to-book value of the company is 8.06.
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