Even as some of the larger Indian ITES companies, notably Infosys and Wipro, have been passing through a very tough period, the performance of some of the Tier II companies has been surprisingly strong and their forecasts for the next year is even better. Companies like NIIT Technologies MindTree, KPIT Communis and Infotech have given upbeat forecasts for the next [...]

Recently Tech Mahindra opened an office in Istanbul to cater not only to the rapidly growing ITES market in Turkey, but also in the neighbouring South Eastern Europe and Balkan nations. The company intends to use Turkey as its hub for the region, where it had bagged a contract to implement a billing solution for a large telecom operator. As [...]

TCS’s latest financial results (released last week) showed another impressive performance – particularly as some of its peers are showing the strain. Its FY13 revenues were up 14% in USD terms, to $11.6bn, and its final quarter topped $3bn for the first time. We had the opportunity to meet some of TCS’ senior management last week to discuss current business [...]

This is the first notable movement by the Indian ITES companies in France. Over the last few years, several discussions had been held with the French companies but nothing really materialised. Often the discussions were aborted on valuations, lower operational margins than those demanded by the Indian ITES firms but also for the reasons of a certain incomprehension of the [...]

Almost five years after it bought CapitalStream, India’s fifth-biggest IT services company, HCL Technologies, has decided to sell it to Paris-based Linedata, which is a leading providers of software and services to the credit and financing industries in Europe and Africa. On the face of it, HCL perhaps did not get such a good deal, despite having had CapitalStream in [...]

It is a clear sign of the changing times when the United States, by far the largest Information Technology services market in the world, starts to complain about other IT services markets being closed. This is precisely what happenned as representatives of US IT services companies told lawmakers in Washington DC last week that India was setting up a whole [...]

L&T Infotech, the eighth-largest Indian IT services firm and part of the diversified Larsen & Toubro conglomerate, has been completely reorganised and is now aggressively targeting the two biggest IT services markets in Europe – Germany and France. The company has been reorganized around two business clusters—industrials and services. The services cluster will include banking, financial services, insurance and areas [...]

At the recently concluded World Economic Forum’s Annual Meeting in Davos, Infosys co-chairman Kris Gopalakrishnan expressed optimism that 2013 is going to be a better year for Indian IT than 2012. Partly, this optimism is justified by the surprisingly strong and widespread results posted by the big five of Indian IT in the last quarter of 2012. Many expect the [...]

At a local Analyst and Advisor Event in Frankfurt, Germany, TCS gave an update on its strategy and operations for the Central Europe (i.e. mostly German) region. Being the largest of the Indian IT service providers in Germany, with estimated revenues of €130m in FY 2011, the company has progressed significantly in building out its localization strategy for the German market. [...]

End of 2012, Cognizant announced that it will acquire six companies of German IT services company C1 Group. That is one major step as part of Cognizant’s five-year strategic plan that focuses on building up and enhancing value-add capabilities. Roughly 500 people out of 1,200 total employees of C1 will become part of Cognizant, most of them being located in [...]