While the vision laid out by CEO Vishal Sikka for Infosys has been applauded, analysts are not convinced whether the company can achieve the set targets as it’s still in a transition phase given the changing dynamics in outsourcing. Some…
Tag: IT Services
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…
HCL Tech Net Misses Estimates, Sinks 12% In March Quarter
HCL Technologies recorded a 12% drop in net profit sequentially for the March quarter, missing street estimates as cross-currency movements impacted earnings adversely. The IT major’s net profit during the period stood at Rs 1,683 crore, while it also disappointed…
Read More HCL Tech Net Misses Estimates, Sinks 12% In March Quarter
HCL Tech Profit Up 3.6% In Q3
HCL Technologies has reported a consolidated net profit of 1,683 crore during the third quarter ended March 31, up 3.6 per cent against 1,624 crore in the corresponding period last year. Led by geographical growth in both Europe and the US,…
HCL Tech Profit Up 3.6% In Q3
HCL Technologies has reported a consolidated net profit of 1,683 crore during the third quarter ended March 31, up 3.6 per cent against 1,624 crore in the corresponding period last year. Led by geographical growth in both Europe and the US,…
HCL Tech Q3 Profit Rises 3.6%, Misses Estimates
HCL Technologies Ltd, India’s fourth largest software exporter, on Wednesday posted a 3.6% rise in net profit to Rs.1,683 crore for the three months ended March compared with the year-ago period, missing analysts’ expectations. Net sales rose 11% to Rs.9,267…
HCL Tech Misses Estimates, Disappoints Markets
HCL Technologies, the fourth-largest information technology (IT) services provider, followed in the footsteps of Tata Consultancy Services in disappointing the markets by missing the estimates for the January-March quarter. The company's financial year ends in June. "These results are a…
HCL Tech Misses Estimates, Disappoints Markets
(IT) services provider, followed in the footsteps of Tata Consultancy Services in disappointing the markets by missing the estimates for the January-March quarter. The company's financial year ends in June. These results are a mixed bag - while on the…
IT Companies Now Generate Higher Revenue From Fixed Price Contracts
The $120-billion information technology industry now generates almost half of its revenue from fixed price contracts. While this indicates the rising comfort of overseas clients in dealing with Indian software providers, industry watchers feel that the trend may result in…
Read More IT Companies Now Generate Higher Revenue From Fixed Price Contracts
IT Companies Now Generate Higher Revenue From Fixed Price Contracts
The $120-billion information technology industry now generates almost half of its revenue from fixed price contracts. While this indicates the rising comfort of overseas clients in dealing with Indian software providers, industry watchers feel that the trend may result in…
Read More IT Companies Now Generate Higher Revenue From Fixed Price Contracts
IT Companies Now Generate Higher Revenue From Fixed Price Contracts
The $120-billion information technology industry now generates almost half of its revenue from fixed price contracts. While this indicates the rising comfort of overseas clients in dealing with Indian software providers, industry watchers feel that the trend may result in…
Read More IT Companies Now Generate Higher Revenue From Fixed Price Contracts
IT Companies Now Generate Higher Revenue From Fixed Price Contracts
The $120-billion information technology industry now generates almost half of its revenue from fixed price contracts. While this indicates the rising comfort of overseas clients in dealing with Indian software providers, industry watchers feel that the trend may result in…
Read More IT Companies Now Generate Higher Revenue From Fixed Price Contracts
IT Companies Now Generate Higher Revenue From Fixed Price Contracts
The USD 120-billion information technology industry now generates almost half of its revenue from fixed price contracts. While this indicates the rising comfort of overseas clients in dealing with Indian software providers, industry watchers feel that the trend may result…
Read More IT Companies Now Generate Higher Revenue From Fixed Price Contracts
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
IT Industry May See Muted Growth In Fiscal 2016
The $118-billion Indian information technology (IT) industry could see muted growth in the fiscal year ending March 2016, even lower than the 13-15% growth that software lobby Nasscom forecast for the current fiscal as most businesses keep a wary eye…
IT Industry May See Muted Growth In Fiscal 2016
The $118-billion Indian information technology (IT) industry could see muted growth in the fiscal year ending March 2016, even lower than the 13-15% growth that software lobby Nasscom forecast for the current fiscal as most businesses keep a wary eye…
Indian IT Industry Mood Lifts on Totalisation Pact
With the resumption of the discussions on Social Security Agreement and Bilateral Investment Agreement finding pride of place in Prime Minister Narendra Modi's announcements at the joint press meet with visiting US president Barack Obama, the country’s IT sector is…
Read More Indian IT Industry Mood Lifts on Totalisation Pact
Infosys Q3 profit rises 13% to Rs3,250 crore
Infosys maintains full-year revenue guidance citing strong demand from US-based clients “We believe that if Vishal can reduce attrition in the beginning of the quarter that will be a good start and a positive step towards winning internal confidence,” said…
Sikka’s ‘New and ReNew’ strategy sparks a slow turnaround at Infosys
India's second largest IT services exporter Infosys Ltd reported better than expected net profit numbers and revenue, which were in line with market expectations for the third quarter of the current financial year. However, Sanchit Vir Gogia, Chief Analyst and…
Read More Sikka’s ‘New and ReNew’ strategy sparks a slow turnaround at Infosys
Catch Sanchit Vir Gogia at CeBIT India 2014
What is the event all about? The central theme for 2014 is “New Perspectives in IT Business”. This central theme sets the background for the keynotes from industry thought leaders. The CeBIT Global Conferences programme travels to India as part…
#GreyhoundInMedia: @Infosys net profit jumps 28.6% in Q2, shares surge #Press #Media @livemint
Infosys Ltd, India’s second largest software services exporter, on Friday reported a higher-than-expected 28.6% increase in fiscal second quarter (Q2) net profit as it added almost 50 new clients and benefited from a foreign exchange gain. The company announced a…
India to become Capgemini’s default offshoring location soon
Cap Gemini SA, the Paris-based consulting and software services firm, is trying to save costs by farming out more work to its centres in India and hiring freshers from colleges.Capgemini, which has software development centres in more than 10locations outside France,…
Read More India to become Capgemini’s default offshoring location soon
#GreyhoundInMedia: Huawei enters IT services with telecom projects #Press #Media #HinduBusinessLine
Telecom networking giant Huawei has entered IT services, a shift from its hardware-focussed strategy which will eat into the marketshare of Indian software exporters, especially in telecom-related projects. Huawei started off making telecom equipments such as routers and switches for…
#GreyhoundInMedia: IT Report Card to the NDA Government – Evaluating the Union Budget 2014-15 #Press #Media #Firstpost
As a follow-up to our previous blog where Greyhound Research highlighted pain points IT decision makers are facing in India, below is an IT report card for the NDA Government post the announcements in Union Budget 2014-15. This report card assesses various…
#GreyhoundInMedia: Infosys at cusp of change, revival to be gradual: Analysts #Press #Media #JagranPost
Sikka, who takes over from the current CEO and MD SD Shibulal on August 1, brings in his extensive experience in products at enterprise software giant SAP. "Infosys is at the cusp of change...Infosys is all set to undergo a…
#GreyhoundInMedia: Analysts see Infosys at cusp of change, say revival to be gradual #Press #Media #BusinessToday
Infosys is standing at the "cusp of change" and will now widen its focus on software assets and intellectual property under its new CEO Vishal Sikka, say analysts. Sikka, who takes over from the current CEO and MD SD Shibulal on August 1,…