Tata Consultancy Services has recorded a 30.7 per cent fall in net profit for the fourth quarter ended March 31, 2015, by a one-off bonus paid to employees, cross currency-movements and overall weakness in key sectors. “The very fact that…
Category: Strategic Outsourcing
Analyst Perspective On Capgemini Acquisition Of IGATE Corp: Sanchit Vir Gogia
Perspective On Capgemini Acquisition Of IGATE_Corp by @s_v_g Following IGATE’s acquisition of Capgemini, Greyhound Research’s Sanchit Vir Gogia, said that while the deal is good, it is on the expensive side. Greyhound Research believes that the acquisition of…
Read More Analyst Perspective On Capgemini Acquisition Of IGATE Corp: Sanchit Vir Gogia
Capgemini To Become No. 3 MNC IT Employer In India
The Capgemini-IGATE merger will make the French company a leading employer of Indian engineers, thereby enabling it to better compete with domestic vendors for price-sensitive IT engagements, industry insiders feel. “Our estimate is that Capgemini-IGATE would currently employ 83,000 people…
Read More Capgemini To Become No. 3 MNC IT Employer In India
Capgemini – IGATE Corp Deal: More MAs In India, Scramble For Clients In The Offing
Capgemini’s $4 billion offer to acquire iGATE–the largest buyout of an India-related IT services firm–could well be a harbinger of a clutch of merger and acquisition (M&A) deals involving mid-size firms, say industry watchers. “There are lots of such players…
Read More Capgemini – IGATE Corp Deal: More MAs In India, Scramble For Clients In The Offing
Capgemini Acquires IGATE Corp For $4 Billion
French IT-services major Capgemini on Monday announced the acquisition of US-based IGATE for $4.04 billion in a combination of cash, stock and debt deal. With this acquisition, Capgemini expects to boost its presence in North America, the largest IT-services market…
Capgemini To Buy IGATE Corp For About 4 Billion
Infosys: Analysts Bullish On The Path CEO Vishal Sikka Is Taking
The disappointing results Infosys has posted raise concerns in the near term, but industry watchers are bullish about the path laid out by Chief Executive Vishal Sikka. During the results, Infosys announced two developments — an acquisition and an investment in…
Read More Infosys: Analysts Bullish On The Path CEO Vishal Sikka Is Taking
Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research’s quote on TCS Q4 result
Greyhound Research believes that with revenue growth of 1.1% in Q4, TCS holds a sturdy position in the market in terms of growth and competitive positioning. This growth in their revenue is surely accredited to their sharp focus on emerging…
Read More Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research’s quote on TCS Q4 result
TCS Will Have To Run Harder To Stay Ahead Of The Pack
Over the past few years, Tata Consultancy Services (TCS) has increasingly turned out to be the bellwether for the Indian IT industry, a position long held by Infosys. Sanchit Vir Gogia, CEO of Greyhound Research in post results commentary said…
Read More TCS Will Have To Run Harder To Stay Ahead Of The Pack
TCS Q4 Net Profit Plummets 30%
Tata Consultancy Services has recorded a 30.7 per cent fall in net profit for the fourth quarter ended March 31, 2015, by a one-off bonus paid to employees, cross currency-movements and overall weakness in key sectors. “The very fact that…
How IT firms have now tightened up
Six years ago, the biggest question facing the Indian industry was whether the Satyam corporate accounting fraud will slow down offshoring to home-bred IT companies. Many thought that the fraud perpetrated by B Ramalinga Raju and team would be seen…
Capgemini names Salil Parekh deputy CEO
Parekh will focus on the business growth strategy and operating dynamics, along with current responsibilities. Salil Parekh, who heads the Application Services One and Sogeti units of Europe’s largest information technology (IT) services firm, the Capgemini Group, has now become…
Strategic Shift: Why Panaya Is A Good Fit For Infosys
The latest acquisition by India’s second largest IT services exporter—Infosys—of Panaya for $200 million may seem a small buy for a company with over $8 billion in revenues. But this signals the start of Infosys’ transformation into a blue-blooded technology…
Read More Strategic Shift: Why Panaya Is A Good Fit For Infosys
Will The New COO Rewrite Wipro’s Growth Strategy?
Abid Neemuchwala’s appointment comes at crucial time, with top executives set to retire. “It will help Kurien to focus on acquisitions and new business models,” added Sanchit Gogia, an analyst at Greyhound Research. To read the Full Article, click here:…
$130-b Software Sector Braces For Currency Correction
After TCS and Mindtree set the alarm bells ringing with their cautionary outlook, exporters in the $130-billion sector are bracing for currency volatility, as global currencies have depreciated sharply against the dollar in the recent past. The slowdown can also…
Read More $130-b Software Sector Braces For Currency Correction
Things You Need To Know About #ONTrigger
What is #ONTrigger and What we aim to do with it? We at Greyhound strongly believe in the need to democratise independent insights (read not vendor sponsored) that matter most to the global IT community. To help realise this, we…
With IT Companies The King Of Good Times, Clients Want To Be Prince
Indian companies are asking their information technology vendors to pass on the benefits of automation and improving technology in the form of rate cuts and outcome-based pricing, highlighting the need for Indian IT players to speed their move away from…
Read More With IT Companies The King Of Good Times, Clients Want To Be Prince
Big Local Tech Buyers Push IT Vendors For Rate Cuts
Indian companies are asking their information technology vendors to pass on the benefits of automation and improving technology in the form of rate cuts and outcome-based pricing, highlighting the need for Indian IT players to speed their move away from…
Read More Big Local Tech Buyers Push IT Vendors For Rate Cuts
Nasscom Sees Flattish Export Growth Next Fiscal At 12-14 Per Cent
The National Association for Software and Services Companies expects Indian IT exports to grow 12-14% in FY16, after the industry marginally missed its growth forecast for the current financial year. The projected growth is slower than last year, raising concerns on…
Read More Nasscom Sees Flattish Export Growth Next Fiscal At 12-14 Per Cent
The days of ‘big bang’ hiring by IT firms may be over
‘Trespassers will be recruited,’ an adage that defined the hiring needs of India’s $120-billion IT services space in the last decade may no longer hold true. All indications are that frontline companies may hire fewer staffers going forward as they bring…
Read More The days of ‘big bang’ hiring by IT firms may be over
IGATE Q4 profit up 14.8% at USD 38 mn
US-based outsourcing solutions firm IGATE today reported a 14.8 percent growth in net profit at USD 38 million for the fourth quarter ended December 31, 2014, helped by deals in industry utility-solutions. The company had posted a net profit of…
IGATE Q4 profit up 14.8% at USD 38 million
US-based outsourcing solutions firm IGATE on Tuesday reported a 14.8 per cent growth in net profit at $38 million for the fourth quarter ended December 31, 2014, helped by deals in industry utility-solutions. The company had posted a net profit of…
IGATE Q4 profit up 14.8% at USD 38 mn
US-based outsourcing solutions firm IGATE on Tuesday reported a 14.8 per cent growth in net profit at $38 million for the fourth quarter ended December 31, 2014, helped by deals in industry utility-solutions. The company had posted a net profit of…
iGate net profit up 14.8% in Dec quarter
Nasdaq-listed software services exporter iGate Corp. reported a 14.8% rise in December quarter net profit, missing analyst expectations as gross margin narrowed. A Bloomberg poll had estimated a net profit of $44 million on revenue of $330.2 million. The company…
IGATE Q4 profit up 14.8% at USD 38 mn
US-based outsourcing solutions firm IGATE on Tuesday reported a 14.8 per cent growth in net profit at $38 million for the fourth quarter ended December 31, 2014, helped by deals in industry utility-solutions. The company had posted a net profit of…
IGATE net profit rises 14.8% to $38 mn
US-based outsourcing solutions firm IGATE on Tuesday reported a 14.8 per cent growth in net profit at $38 million for the fourth quarter ended December 31, 2014, helped by deals in industry utility-solutions. The company had posted a net profit of…
Vodafone announces special plans for iPhones
Apple has stepped up its India play, tying up with Vodafone to offer its range of devices, including the iPhone 6 and 6 Plus, on monthly installments over two years, while the country's No. 2 Telco looks to tie in…
Cisco adds 129 crorepatis in a year to retain talent
The number of crorepatis at Cisco India shot up to 132 in 2014 from just three in the previous year, a development that comes at a time when the USbased network equipment maker is gearing up to cash in on…
Read More Cisco adds 129 crorepatis in a year to retain talent
Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations
Beating expectations, Infosys on Friday reported 13 percent jump in consolidated net profit for the third quarter to Rs 3,250 crore, helped by increase in business and clients from North America, as also from India. However, Greyhound Research CEO Sanchit…
Read More Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations
Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations
Beating expectations, Infosys on Friday reported 13 percent jump in consolidated net profit for the third quarter to Rs 3,250 crore, helped by increase in business and clients from North America, as also from India. However, Greyhound Research CEO Sanchit…
Read More Infosys Q3 net profit up 13% at Rs 3,250 crore; beats expectations