THE FINE PRINT

Positives

■ HCL Tech to gain access to IBM’s over 5,000 enterprise customers

■ Deal to provide a strong sales channel to reach out to customers

■ Firm expects to receive revenue worth $650 million annually from 2021

Negatives

■ Managing products and services under a single roof could be a challenge

■ Some analysts say HCL may be buying those IPs that don't have much growth prospects

■ Huge amortisation is likely to drag bottom line in the coming quarters