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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 2017 9 406 M
EBIT 2017 2 820 M
Net income 2017 1 686 M
Finance 2017 257 M
Yield 2017 -
P/E ratio 2017 21,04
P/E ratio 2018 18,07
EV / Sales 2017 3,87x
EV / Sales 2018 3,53x
Capitalization 36 699 M
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Average target price 34,1 $
Spread / Average Target 1,1%
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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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