HCL Tech’s new IBM products will help generate 30% profit
By
Neha Kumari
NEW DELHI: HCL Technologies Ltd has clarified that its $1.8 billion acquisition to buy eight software products from International Business Machines Corp. (IBM) announced last month will have an operating margin of 30%, higher than the 19.6% profitability in the services business at India’s third-largest information technology (IT) services company.