Xerox Corporation and HCL Technologies deal- is it worth?

In latest deal, Xerox Corporation (XRX) is outsourcing its global engineering business to Indian software company HCL Technologies Ltd. (532281). In 2009, HCL Technologies, engaged in providing a range of software services, business process outsourcing and infrastructure services, received a 6 year contract woth more then $100 million to manage Xerox’s data centers in Europe and in North America.

Xerox Corporation (XRX) is trading at a price of $9.97, a dramatic change of -0.14 with % change of -1.38% from its previous day’s close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 13.95B. HCL Technologies Ltd. (532281) is trading at a price of 491.55, a dramatic change of -1.90 with % change of -0.39% from its previous day’s close. Currently, the company has a Market capitalization (total value of a company in the stock market) of approximately 337.07B.

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