Tag Archive | revenue
IT’s a change of hierarchy
August 2, 2012 By V. Ganesh Cognizant has finally knocked Infosys out of the saddle to occupy the #2 spot in the Indian IT industry. What remains to be seen is whether Cognizant can hold the reigns for very long. The $100-billion Indian IT sector is witnessing a shift in the pecking order and continues […]
OnMobile Q1 profit dwindles 34%
July 31, 2012 By V. Ganesh OnMobile has posted reduced profits of Rs 9.5 crore for the first quarter of FY13. This is a 34% drop compared with the first quarter of FY12 when the company posted a net profit of Rs 12.78 crore. However, net profit has gone up 98% sequentially compared with the […]
TCS overshadows Infy across the board
July 19, 2012 By V. Ganesh TCS has surpassed Infosys over the last few quarters across nearly all parameters. These include higher employee utilisation, volume growth, strong client pipeline, more opportunities in discretionary projects and growth in ‘troubled’ sectors such as telecom and BFSI. Employee utilisation, which refers to the number of employees working […]
TCS flying high with deal from Scandinavian Airlines
July 17, 2012 By V. Ganesh Tata Consultancy Services has won again, this time a multi-year outsourcing deal from Scandinavian Airlines (SAS), which is the Scandinavian region’s largest airline and is considered the most punctual airline in Europe. SAS will implement a finance and accounting (F&A) platform fromTCS for its operations across 30 countries. This […]
MindTree profits double on forex gains, vertical focus
July 16, 2012 By V. Ganesh Bangalore-based IT exporter, MindTree, enjoyed superb quarterly results as it more than doubled its net profits to Rs 89 crore in the first quarter of this fiscal on a sequential basis. Revenues increased 36.2% to Rs 563 crore during the same period last year. The company gained Rs 8.6 […]
Infosys posts 32% growth in Q1, slashes revenue guidance
Sequentially, net profit falls 1.2% on Euro/US crisis July 12, 2012 By V. Ganesh Infosys stocks dwindled by 8% Thursday after the company said it was cutting its revenue guidance by half for the year. Infy reduced its revenue guidance 5% to $7.34 billion down from its April estimate of 8-10% growth. Announcing its first […]
No first quarter fireworks for Indian IT
July 9, 2012 V. Ganesh India’s IT stars often enjoy a boom during the first quarter, but not this year, as firms continue to endure the slowdown while outsourcers dawdle on decisions regarding tech spends. Infosys, along with TCS, will be the first to report the numbers for the first quarter. Revenue guidance Analysts expect […]
Birla Sun Life Insurance adopts IBM solution
July 3, 2012 By V. Ganesh Birla Sun Life Insurance has deployed IBM’s Cognos analytics software solution for planning and forecasting its internal business operations. This would help Birla Sun Life integrate operational and financial planning functions, which would give its internal teams flexibility in business functions and help to determine resource requirements and forecasting […]
Nasscom dismisses politics as IT biz feels Uncle Sam’s wrath
June 29, 2012 By V. Ganesh According to Nasscom data, the Indian IT sector, which has grown to about $100 billion in revenues, has witnessed a slow down since Barack Obama became the U.S. president. For example, growth in FY08-09 was a mere 8.6% while in FY10-11 it was 15% and in FY11-12 it was […]
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