Bengaluru: HCL Technologies<\/a> has taken an unconventional route to partially offset the slowing down of its traditional workhorse – infrastructure management services (IMS). 班加罗尔:HCL科技公司已经采取非常规路线部分抵消其传统的减速主力——基础设施管理服务(IMS)。
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\nIndia’s fourth-largest IT services firm has pumped in $780 million into five IP (intellectual property) partnerships with IBM. The spend on these IP deals, signed over the last five quarters, surpasses the company’s capital expenditure in the four years beginning 2013-14 ($695.4 million). The partnership has so far yielded revenue of a little over $200 million.
\n
\nThe IP deals are part of a 15-year engagement with IBM for automation and DevOps solutions. Some part of the investment will be amortised over the period of the engagement (amortisation of intangibles reduces the value of the intangible assets over time).
\n
\nBased on HCL’s estimated annual amortisation expense schedule for intangible assets, the outstanding amortisation beyond 2022 is $510 million. A financial analyst, who did not want to be named, said the bulk of the amortisation is going beyond 2022 and given that obsolescence is very high in the technology space, the carrying value seems very optimistic. The amortisation will have an impact on the company’s net profit going forward.
\n
HCL had entered into a similar joint venture a few years ago with the erstwhile CSC (now DXC) to modernise and run applications on one of the old core banking platforms, Hogan<\/a>. However, the JV didn’t take off as expected.
\n
Jimit Arora<\/a>, who leads Everest Group<\/a>’s IT services research practice, said in the future of IT services, ecosystems will be key to the relevance of companies. He said a variety of models will evolve, including frenemies \/ co-opetitors. “The notion that any company can do it all themselves will be self-destructive. The IBM-HCL partnership and the earlier IBM-CSC partnership are all examples of this same model. In general, we see IBM seeking to monetise its assets and divest the portions of the portfolio that don’t fundamentally align to a cognitive world,” he said.
\n
\nIBM has signed over 19 IP partnerships over the past two years, including the five with HCL.
\n
\n“In a digital first world, HCL needs to develop stronger competencies in areas such as DevOps, UX (user experience) modernisation, APIs, automation, etc. Think of the `capital investment’ as a way to obtain the IP-licenses which are expected to have a longer-term revenue impact,” Arora said.
\n
\nHCL has signed partnerships in areas including workload automation, web services enablement for mainframes, and information and database management. “Whether this `acquisition’ plays out the way HCL wants – it is too early to tell. But the capabilities it brings and the value proposition of a full stack solution for the client is compelling and allows HCL to focus on services without fundamentally having to pivot to a product company,” said Arora.
\n
\n\n<\/p><\/body>","next_sibling":[{"msid":60075633,"title":"Vodafone seeks government relief to face Jio's 4G phone freebies","entity_type":"ARTICLE","link":"\/news\/jiophone-to-hit-telecom-sector-erode-revenues-vodafone-to-dot\/60075633","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":60075712,"entity_type":"ARTICLE","title":"HCL puts $780m in IP tie-up with IBM","synopsis":"HCL Technologies has taken an unconventional route to partially offset the slowing down of its traditional workhorse - infrastructure management services (IMS).","titleseo":"telecomnews\/hcl-puts-780m-in-ip-tie-up-with-ibm","status":"ACTIVE","authors":[{"author_name":"Shilpa Phadnis","author_link":"\/author\/479212770\/shilpa-phadnis","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479212770.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479212770,"author_name":"Shilpa Phadnis","author_seo_name":"Shilpa-Phadnis","designation":"Principal Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2017-08-15 20:42:59","lastupd":"2017-08-15 20:45:02","breadcrumbTags":["IBM India Private Limited","Industry","everest group","Hogan","HCL Technologies","jimit arora"],"secinfo":{"seolocation":"telecomnews\/hcl-puts-780m-in-ip-tie-up-with-ibm"}}" data-authors="[" shilpa phadnis"]" data-category-name="" data-category_id="" data-date="2017-08-15" data-index="article_1">
印度第四大IT服务公司注入7.8亿美元5 IP(知识产权)与IBM合作。花在这些IP协议,签署了在过去五个季度,公司的资本支出超过四年开始2013 - 14(6.954亿美元)。合作到目前为止取得了超过2亿美元的收入。
15年的IP协议部分参与IBM自动化和DevOps的解决方案。部分投资将在订婚期间摊余(摊销无形资产减少无形资产的价值随着时间的推移)。
基于盐酸估计年度无形资产摊销费用时间表,优秀的摊销超过2022是5.1亿美元。金融分析师,他不愿透露姓名,说大部分的摊销是超越2022年,考虑到退化非常高的技术空间,账面价值似乎很乐观。摊销会影响公司的净利润。
HCL已经进入一个类似的合资公司几年前与昔日CSC(现在DXC)现代化和运行应用程序在一个旧的核心银行平台,霍根。然而,合资企业没有起飞。
Jimit Arora,领导埃佛勒斯峰集团IT服务的研究实践,在IT服务的未来,说生态系统将企业的相关性的关键。他说,各种模型的发展,包括友敌/ co-opetitors。”这一概念,任何公司可以做到自己将自我毁灭。IBM-CSC早些时候IBM-HCL伙伴关系和合作都是这个模型的例子。一般来说,我们看到IBM寻求套现资产和剥离的部分组合,不从根本上调整认知世界,”他说。
IBM已经签署了在19 IP伙伴关系在过去的两年里,包括与HCL五。
“先在数字世界中,盐酸需要开发更强大的能力在DevOps等领域,用户体验(用户体验)现代化,api,自动化,等。认为“投资”的方式获得IP-licenses预计将有一个长期收入的影响,“Arora说。
HCL签署了合作领域包括工作自动化、主机web服务实现,信息和数据库管理。“这是否‘收购’上演HCL希望的方式,还为时过早。但是它带来的功能和一个完整的堆栈解决方案的价值主张为客户机是引人注目的,允许HCL关注服务无需从根本上主产品公司,“Arora说。
Bengaluru: HCL Technologies<\/a> has taken an unconventional route to partially offset the slowing down of its traditional workhorse – infrastructure management services (IMS).
\n
\nIndia’s fourth-largest IT services firm has pumped in $780 million into five IP (intellectual property) partnerships with IBM. The spend on these IP deals, signed over the last five quarters, surpasses the company’s capital expenditure in the four years beginning 2013-14 ($695.4 million). The partnership has so far yielded revenue of a little over $200 million.
\n
\nThe IP deals are part of a 15-year engagement with IBM for automation and DevOps solutions. Some part of the investment will be amortised over the period of the engagement (amortisation of intangibles reduces the value of the intangible assets over time).
\n
\nBased on HCL’s estimated annual amortisation expense schedule for intangible assets, the outstanding amortisation beyond 2022 is $510 million. A financial analyst, who did not want to be named, said the bulk of the amortisation is going beyond 2022 and given that obsolescence is very high in the technology space, the carrying value seems very optimistic. The amortisation will have an impact on the company’s net profit going forward.
\n
HCL had entered into a similar joint venture a few years ago with the erstwhile CSC (now DXC) to modernise and run applications on one of the old core banking platforms, Hogan<\/a>. However, the JV didn’t take off as expected.
\n
Jimit Arora<\/a>, who leads Everest Group<\/a>’s IT services research practice, said in the future of IT services, ecosystems will be key to the relevance of companies. He said a variety of models will evolve, including frenemies \/ co-opetitors. “The notion that any company can do it all themselves will be self-destructive. The IBM-HCL partnership and the earlier IBM-CSC partnership are all examples of this same model. In general, we see IBM seeking to monetise its assets and divest the portions of the portfolio that don’t fundamentally align to a cognitive world,” he said.
\n
\nIBM has signed over 19 IP partnerships over the past two years, including the five with HCL.
\n
\n“In a digital first world, HCL needs to develop stronger competencies in areas such as DevOps, UX (user experience) modernisation, APIs, automation, etc. Think of the `capital investment’ as a way to obtain the IP-licenses which are expected to have a longer-term revenue impact,” Arora said.
\n
\nHCL has signed partnerships in areas including workload automation, web services enablement for mainframes, and information and database management. “Whether this `acquisition’ plays out the way HCL wants – it is too early to tell. But the capabilities it brings and the value proposition of a full stack solution for the client is compelling and allows HCL to focus on services without fundamentally having to pivot to a product company,” said Arora.
\n
\n\n<\/p><\/body>","next_sibling":[{"msid":60075633,"title":"Vodafone seeks government relief to face Jio's 4G phone freebies","entity_type":"ARTICLE","link":"\/news\/jiophone-to-hit-telecom-sector-erode-revenues-vodafone-to-dot\/60075633","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":60075712,"entity_type":"ARTICLE","title":"HCL puts $780m in IP tie-up with IBM","synopsis":"HCL Technologies has taken an unconventional route to partially offset the slowing down of its traditional workhorse - infrastructure management services (IMS).","titleseo":"telecomnews\/hcl-puts-780m-in-ip-tie-up-with-ibm","status":"ACTIVE","authors":[{"author_name":"Shilpa Phadnis","author_link":"\/author\/479212770\/shilpa-phadnis","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479212770.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":479212770,"author_name":"Shilpa Phadnis","author_seo_name":"Shilpa-Phadnis","designation":"Principal Correspondent","agency":false}}],"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2017-08-15 20:42:59","lastupd":"2017-08-15 20:45:02","breadcrumbTags":["IBM India Private Limited","Industry","everest group","Hogan","HCL Technologies","jimit arora"],"secinfo":{"seolocation":"telecomnews\/hcl-puts-780m-in-ip-tie-up-with-ibm"}}" data-news_link="//www.iser-br.com/news/hcl-puts-780m-in-ip-tie-up-with-ibm/60075712">
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