Indian tablet makers take strides
Indian makers of tablet computers are elbowing their way into the domestic market, which is expected to expand rapidly in the next few years.
Although Samsung and Apple feature strongly in the Indian tablet market, figures from the International Data Corporation, an information technology research company, show India’s two leading domestic manufacturers have grabbed a market share of more than 20 per cent. Continue reading »
Wipro delivers solid results but adds to uncertain outlook for Indian IT
As India’s results season rolls on, Friday brings news from Wipro, which recently split its operations between information technology and non-IT businesses.
The results are generally positive – though India’s third largest IT company has disappointed markets with its forecasts for the current quarter. Continue reading »
India’s Tata Consultancy calms investors
After acquiring a small French company last week, Tata Consultancy Services (TCS) says it is looking to make further acquisitions in Germany and Japan.
The plans were mentioned during a press conference after the Indian IT bellwether published its full-year earnings report, meeting expectations and confirming that the highly disappointing results posted by Infosys last week were not indicative of the state of India’s broader IT services sector. Continue reading »
India’s Infosys: herald of bad news?
In January, unexpectedly positive results from Infosys sent the company’s stock soaring and set the tone for a good run of quarterly earnings for India’s information technology sector.
One quarter later and Infosys has kicked off the full fiscal year earnings season with news that has sent its share price plunging right back to where it used to be. Is this, once again, a sign of what’s to come? Continue reading »
Mahindra Satyam buys into Brazil
India’s IT companies are increasingly looking to underpenetrated markets in search of growth. And bang on trend, Mahindra Satyam, the Indian IT and business consulting services company, has bought a 51 per cent stake in Brazil’s Complex IT. Continue reading »
India’s IT industry turns east
Despite the threat of fierce protectionism, challenging cultural barriers and major linguistic hurdles, the giants of Indian IT are looking to break into China’s previously closed software and outsourcing industry. Continue reading »
Davos 2013: Mahindra Satyam, ready for the next round of M&A
The sales are on this month in Europe – and Mahindra Satyam wants to go shopping.
Speaking to beyondbrics in Davos, CP Gurnani, CEO of the Indian IT giant, said his company would be actively looking for M&A opportunities in Germany and France this year. “I want to make an acquisition this year,” Gurnani said, “Germany and France are on my radar.” Continue reading »
India IT: good results, mixed response
Investors can be a fickle lot when it comes to Indian IT.
After results earlier in the week from Infosys and Tata Consultancy Services far exceeded expectations, Wipro’s strong profits growth wasn’t enough to stop the shares taking a beating. HCL though, had an easier ride.
Continue reading »
Futurelytics Seedcamp prize shows CEE tech potential
Surrounded by pit heads, slag heaps, industrial piping and hissing chemical plant, the city of Ostrava is more redolent of the Ruhr Valley of the 1960s than the Silicon Valley of today.
But the Czech Republic’s second largest metropolitan area (pop: 1.2m) has also sprouted a thriving IT culture, based on the Technical University of Ostrava. Continue reading »
Tapping Ukraine’s IT potential
By Graham Stack of of business new europe (bne)
Ukraine’s IT outsourcing sector has exploded over the last 10 years to top $1bn in 2011, capitalising on the strong science schools inherited from the Soviet Union.
Looking to the future, the sector has the potential to become a real force for Ukraine’s modernisation if it can meet some challenges. Continue reading »
Wipro: more gloom for India tech
The podium can be an uncomfortable place.
Wipro, India’s third-largest IT company by market cap, followed rival Infosys in predicting gloom for the country’s outsourcing industry on Tuesday when it forecast muted revenue growth in the coming quarter. Continue reading »
India’s tablet: reality bites
Reaching for the Aakash (tablet) – which means ‘sky’ in Hindi – may prove to be just that, after a series of performance complaints and development hiccups have hit the Indian government’s pet project to develop the world’s cheapest tablet computer.
Test runs of the $49 device (Rs 2,414), which was launched with much fanfare last year, have revealed slow operating speeds, a short battery life, and a lack of relevant content for the target audience of students. Continue reading »
Indian IT targets high-end outsourcing
Some leading characters in India’s success story have been showing signs of strain recently. Despite better-than-expected results, IT titans like Infosys were forced to cut forecasts for the fiscal year, prompting investors to sell.
Industry members nevertheless remain confident the sector can sustain its rapid growth – having nearly doubled its revenue to $88bn in the five years to 2011 - in spite of the global economic slowdown and increased competition in the outsourcing sector from other emerging markets like the Philippines. Continue reading »
Cognizant: lessons for Indian IT
Indian second-largest software company, Infosys, found out last month that sometimes beating expectations on profits isn’t enough to please the markets.
On Wednesday, Cognizant – the US-headquartered competitor that’s making things tough for Indian behemoths like Infosys and Tata Consultancy Services – found out that sometimes projecting double-industry-standard growth just isn’t enough either, when its stock fell 1.75 per cent compared to a 0.41 per cent rise in the Nasdaq. What’s the problem? And what are the lessons for its Indian competitors? Continue reading »
Indian IT: HCL goes local
Davos is over for another year, but here’s something we missed: HCL Technologies, India’s fourth-largest IT company, plans to add 10,000 jobs in the west in the next five years.
Call it the new world helping out the old – and a convenient way to deflect complaints about Indian IT companies sucking jobs out of the US and Europe during tough economic times. Continue reading »
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