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 [...]

This is the latest in a series of blogs in which PAC looks at key end user accounts and analyses the dynamics likely to drive future SITS investment. Overview: The pharmaceutical group GSK is pushing ahead with a major restructuring programme in 2013 in response to some lackluster results last year. The UK’s biggest drug maker plans a £1.5bn overhaul [...]

Considering worldwide IT Services revenues, the Top 10 are IBM, HP, Accenture, Fujitsu, CSC, Capgemini, Hitachi, NTT Data, Atos and NEC, ie, four US, four Japanese and two French players. Still no Indian players in the Top 10. However some of the “worldwide leaders” are not global at all… Considering “international” revenues the picture is quite different. Here we considered [...]

On behalf of Wipro, PAC recently conducted an analysis on the German mid-market and Wipro Technologies’ role in this market. The mid-market is considered as the ‘backbone’ of the German economy, in terms of revenues, employment, etc. Especially in the manufacturing sector, there are many ‘hidden champions’ that are positioned as market leaders in their business segments – often at a [...]

Wipro is creating a major new line of business which will create solutions around cloud, mobility, and analytics. Some 3000 staff will be moved into this new unit which will be headed by Shaji Farooq, the executive who joined Wipro from Infosys in 2012. Wipro is planning to report revenues of this new business line separately from Q1’FY14. The development [...]