Tech 24 Hours

Home » IT

Results for "IT"

According to a study by Nasscom-AT Kearney, quoted by a news, Bangalore has emerged out as a leader among 50 leading cities related to IT-BPO industry in the country.

Mangalore is second in the list.

Hubli-Dharwad has been identified as having the aspirant potential.

According to the people who matter:

--Bangalore would continue to grow and deliver.

--Fast emerging tier II and III cities are attractive because of their cost of operations which are about 15-20 % lower in terms of real estate value and wages than cities like Bangalore).

--BPO segment is the fastest growing segment in the overall offshore market.

---------

BPO , Indian bpo industry , Indian it industry , IT , it-bpo industry

Bangalore leads cities related to IT-BPO industry

Mr Bisht Sunday, February 8, 2009

According to Nasscom, the trade body for India's IT and BPO sector, owing to Satyam episode and global slowdown, the employment numbers for the industry will be lower than the expected target of 2.5-3 million or 25-30 Lakh by FY10.

Earlier the body had predicted that the by FY2010 the Indian IT industry would have employed about 2.5-3 million or 25-30 Lakh professionals directly.

---------

Indian it industry manpower , IT , Job Market , Numbers , satyam gate , satyam scandal

IT industry to miss FY 2010 Hiring Target

Mr Bisht Monday, January 26, 2009

Company’s numbers in terms of Indian GAAP:

Net profit in Q3, 2008:____________________Rs. 1,362 crore
Net Profit in Q3, 2007:____________________Rs 1,327 crore
Net profit increase (YOY):________________Rs 41.53 crore
Growth (YOY):______________2.68 %

Revenue for Q3, 2008:_____________________Rs 7,277 crore
Revenue for Q3, 2007:_____________________Rs 5,923 crore
Growth (YOY):__________________________24.13 %

Company’s numbers in terms of US GAAP:

Revenue for Q3 2008:_____________________$1,483 billion
Growth(y-o-y):__________________________Flat or no growth

But as compared to the previous quarter the revenues fell down.
Decline (QoQ):_________________________5.8 %

Net income for Q3, 2008:________________ $276 million
Decline(YoY):_________________________ 18%
Decline(QOQ):________________________ 3.5%

Reason: TCS primarily deals with other currencies like the Euro, British pound —both of which fell against the US dollar. Hence the earnings decreased. IT companies earn in dollars and spend in rupees.

Forex loss for the company for Q3, 2008:___________________Rs 251 crore

So the picture for TCS is of a Slowed growth.

---------

forex loss , IT , Numbers , TCS net income , TCS numbers , TCS Revenue

Q3 2008 Numbers for TCS

Mr Bisht Saturday, January 17, 2009

Q3 numbers for Cognizant Technology Solutions (IT & BPO services provider):

Net income Q3, 2008:_______________________ $112.8 million or Rs 534 crore
Net income Q3, 2007:_______________________ $96.2 million or Rs 455 crore
Growth in Net income (YoY):_______________________17%

Revenue Q3, 2008:_________________________ $734.7 million or Rs 3,492 crore
Revenue Q3, 2007:_________________________ $558.8 million or Rs 2645 crore
Growth in Revenue (YoY):_________________________ 31%

Revenue Q2, 2008:_________________________ $685.4 million or Rs 3,245 crore
Growth in Revenue (QOQ):_________________________7%

Anticipated Revenue Q4, 2008: ______________________$746.7 million or Rs 3,535 crore
Expected Revenue for current FY: ____________________$2.81 billion or Rs 13,303 crore

---------

BPO , IT , Numbers

Q3 numbers for Cognizant Technology Solutions

Mr Bisht Thursday, November 6, 2008

So Obama is the new US President.

But going by what he promised to the electorate during his campaign, for a while things don’t look very bright for Indian software-services industry. As how many of his promise he fulfills is yet to be seen.

The things in Democratic agenda are:

• Enforcing existing trade agreements.
• Raising pressure on China to strengthen its currency.
• Taking measures to keep jobs in US, one possible way is to discourage outsourcing.

Major concerns of the Indian software-services industry stem from the Democratic view on outsourcing.

---------

Obama victory not a good news for Indian IT industry

Mr Bisht Wednesday, November 5, 2008

Both big and small, both established and start-ups are laying off -- the only difference is: it's the small ones and start-ups that are laying-off their people in a more transparent and human way.

Click Here to read the detailed report.

---------

Layoffs are happening in Tech world

Mr Bisht Sunday, October 26, 2008

Patni Computer Systems Limited (Patni) numbers for Q3 (ended September 30, 2008):

Revenue:________________________________________________$183.5 million

Increase in profit (Profit after tax or PAT):_______________________$ 18.7 million

---------

IT , Numbers

Patni's Q3 numbers

Mr Bisht Saturday, October 25, 2008

Japan, world’s second largest IT services market is increasingly becoming a lucrative market for Indian IT companies.

The details of the presence of India’s key IT companies in Japan is as under:

The size and details of the Japanese IT market (as per Nasscom):

Japanese IT services market: ________ $108 billion

India’s share : ___________________ $1-1.5 billion (around Rs 4,900-7,500 crore)

Share of Off shoring in the total Japanese market: _________________8-10 per cent

Japan's biggest off shoring partner: ____________________________China

---------

India's presence in Japanese IT market

Mr Bisht Wednesday, October 22, 2008

The story in perspective makes a point.

Things are not as gloomy as the media reports want us to believe.

The points in support are :

1) The big Indian IT companies are hit by the US financial crisis, as a large share of their revenues come from the financial companies gone bust. Although the lack of money in the market due to over caution by financial institutions is affecting the general flow of the IT industry; still those IT companies which have interests in sectors like Telecoms, designing etc. are doing good business.

2) IBM and Google have shown positive results for the third quarter.

---------

For IT, situations are not bad as bad as media wants us to believe

Mr Bisht Monday, October 20, 2008