HCL will offer Xerox chip-based software, mechanical and software engineering services to Xerox. In 2009 HCL signed a six-year, $100 million contract to manage Xerox's data centers in Europe and North America.
Xerox has a potential upside of 31.5% based on a current price of $9.98 and an average consensus analyst price target of $13.13.
HCL Technologies said it has signed a five-year agreement with Xerox Corp. (NYSE:XRX) on Monday to provide engineering services for some printers and imaging product lines.
