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EBAY INC (EBAY)

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eBay Inc : EBay Plans To Open Second Software Development Center In India

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05/08/2012 | 12:17pm CET

Web-retailing giant eBay Inc. (EBAY) Tuesday said it plans to open a new software development center in the southern Indian city of Bangalore, where it expects to hire up to 1,000 engineers over the next three years.

The Bangalore facility will develop software to support eBay's PayPal global payment platform and the Marketplaces business, it said in a statement.

EBay already has a global development center with more than 2,200 employees in Chennai, another south Indian city.

The San Jose, California-based company also runs its online retail operations in the country through a local unit.

-By Rumman Ahmed, Dow Jones Newswires; 91-9845104173; rumman.ahmed@dowjones.com

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Financials ($)
Sales 2016 8 990 M
EBIT 2016 2 778 M
Net income 2016 2 336 M
Finance 2016 1 113 M
Yield 2016 -
P/E ratio 2016 14,19
P/E ratio 2017 15,60
EV / Sales 2016 3,41x
EV / Sales 2017 3,29x
Capitalization 31 771 M
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Mean consensus OUTPERFORM
Number of Analysts 38
Average target price 32,6 $
Spread / Average Target 15%
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NameTitle
Devin N. Wenig President, Chief Executive Officer & Director
Thomas J. Tierney Non-Executive Chairman
Wendy Jones Vice President-Global Operations
Scott Schenkel Chief Financial Officer & Senior Vice President
Stephen Fisher Chief Technology Officer & Senior Vice President
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