In The News Archives - Page 150 Of 213

Indian IT Companies May Outdo MNCs In $13 Billion Renewals – Times Of India | In The News

April 13, 2015

“Indian IT firms are seen to be using lower prices as a means to win the big contracts, and some of them are tweaking their onsite-offshore ratios and deploying automation tools to lower costs to ensure margins are not adversely affected. “We see Wipro, HCL, and Cognizant leading the way in using price aggressively in mega deals, with the other Indian firms following close behind. HCL, Wipro and TCS are all looking to utilize automation to change the game and come in at very aggressive price points,” said Peter Bendor Samuel, CEO of Everest Group.” Read More.

Tech Mahindra’s Journey With Satyam So Far – Business Standard | In The News

April 10, 2015

“It has been a tough journey. If not for the acquisition of Satyam, Tech Mahindra would have continued to be a mid-sized services provider. Scale does give you an advantage in IT services. More, the IT services market has reached a certain stage. For a company to now enter and make a mark in the same genre is difficult. The wave of opportunity that took Indian IT service providers with it is over. This acquisition gave them scale and also capabilities in ERP (enterprise resource planning) and infrastructure management for non-telecom clients, said Yugal Joshi, practice director, Everest Group, a research and consulting firm.”Read More.

HP Rebuffs Public Cloud Market Exit Reports – ComputerWeekly | In The News

April 8, 2015

“HP has dismissed reports that it’s planning to exit the public cloud market, after one of its senior vice-presidents admitted the supplier has given up trying to compete with the likes of Amazon, Google and Microsoft. However, that’s not to say the company may not have a stab at taking on the public cloud behemoths directly later down the line, according to research vice-president for Europe at IT market-watcher Everest Group, Sarah Burnett.” Read More.

TCS, Wipro, TechM, Infy Are Key To Apple’s Supply Chain – Times Of India | In The News

April 7, 2015

Apple is secretive about almost everything it does. And among its best kept secrets is the work it does with Indian IT vendors. The vendors themselves are sworn to secrecy through stringent non-disclosure agreements. And since Apple is invariably among their most valued clients, they don’t disclose a word about their relationship with the Cupertino-based iPhone and iPad maker. Peter Bendor Samuel, CEO of US-based research advisory Everest Group, believes the Indian firms have the potential to capture significant revenue from Apple across areas and that the business could grow into hundreds of millions of dollars.” Read More.

Changes Stir Hopes Of Stability At Wipro – Business Standard | In The News

April 7, 2015

“Last month, Suresh Senapaty, perhaps the longest serving senior executive of Wipro, retired from the Bengaluru-based company where he spent nearly 35 years. During his last interaction with the media as the chief financial officer and executive director of Wipro, Senapaty talked of how the company had experimented with the management structure in 2008 when it decided on two chief executives because the top post was transitioning from Azim Premji, who was both chairman and CEO at the time. Since 2011, he pointed out,Wipro has had a single CEO, and last month, another rejig created the post of chief operating officer (COO) to support the CEO. While Wipro is yet to acknowledge that Neemuchwala is indeed going to succeed Kurien, Bendor-Samuel, founder and CEO of Everest Group, is quite confident that the new executive is “clearly the heir apparent, with TK (Kurien) having 12 to 18 months left on his contract as the CEO”. Kurien has said in media interviews that he is not “running away” from the company “so quickly” and that all those who report into him have an equal chance of ascending to the top.” Read More.

Infosys Executives Consider Declaring Results From Palo Alto – LiveMint | In The News

April 6, 2015

“Vishal Sikka’s desire to project Infosys Ltd as a next-generation services company has made senior company officials consider if the company should declare results for a quarter during the current financial year from its Silicon Valley base. The move is expected to help the management showcase the presence it has built in California’s Palo Alto, since the company appointed Sikka as chief executive officer last August. Having North American headquarters in the middle of the Silicon Valley ecosystem allows Infosys to tap into the Valley’s rich innovation talent pool as Infosys moves from its traditional labour arbitrage-based model to an IP (intellectual property)-based model, Peter Bendor-Samuel, founder and chief executive officer of consulting and advisory firm Everest Group, wrote in a 2 April note, titled “Is Infosys Repositioning as a Silicon Valley Company?”. Soon to be gone are the days of the factory control from Bangalore dictating to customers how to use services.” Read More.

Sikka Gives Infosys A Global Feel – Business Standard | In The News

April 4, 2015

“The appointment of Vishal Sikka as CEO & MD of Infosys was itself considered a break from the past. Within eight months of assuming the role, he has influenced the company to break away from the old mould in more ways than one. Sikka is clearly driving an agenda to position Infosys at the forefront of the intellectual property wave of services. What is impressive about him is that he is taking a consistent set of actions to infuse Infosys with a new thinking and new leadership,” says Peter Bendor-Samuel, founder and CEO of Everest Group.” Read More.

Rising BPO Expectations: Is Technology The Answer? – Professional Outsourcing | In The News

April 1, 2015

“Outsourcing buyers’ expectations are growing – beyond cost reduction and operational improvements, they increasingly demand impact on business outcomes. This escalating expectation has led to an unprecedented increase in the development and adoption of technologies as service providers seek ways to meet these new demands.” Read More.

Exclusive: Everest Group’s Salil Dani Discusses Colombia’s Back-Office & Processing Services Potential – Finance Colombia | In The News

March 31, 2015

“Finance Colombia was able to speak with Salil Dani, who participated in both research pieces, to gain his insights about Colombia’s place in the financial shared services and outsourcing landscape.” Read more.

Report: Cali Demanding Attention of Global Investors, as Demonstrated by Giant Hi-Tech Business Park Under Construction – Finance Colombia | In The News

March 31, 2015

Anurag Srivastava, Senior Partner at Everest Group, said “Cali has a very interesting value proposition, based on four key pillars: Skilled, qualified and sustainable talent pool; low operational costs; proximity to the main Colombian seaport of Buenaventura; and the city provides a robust business-enabling environment. That has already been proven by large foreign multinationals.” Read more.

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Category: In The News