Archive for 2011

TCS makes new Friends for 15 years, $2.2 billion

Thursday, November 10th, 2011 Posted in Uncategorized | No Comments »

TCS recently won one of their largest deals to manage close to 3.2 million policies for Friends Life Insurance UK based firm. With the size of recent deals in outsourcing ... Read more..

Infosys denied arbitration request in visa case, will go to public trial

Thursday, November 10th, 2011 Posted in Uncategorized | No Comments »

An Alabama judge has denied Infosys arbitration request in a visa case fraud lawsuit filed by one of it's former employee's Jack Palmer. Back in February, Jack filed a lawsuit against ... Read more..

Wipro Consolidating their IT Infrastructure Business

Thursday, November 10th, 2011 Posted in Uncategorized | No Comments »

SOURCE: NDTV Wipro will consolidate its Indian and global IT infrastructure business into one unit to tap the estimated USD 250 billion IT infra services segment. The new unit, called as Global ... Read more..

Tiger Tyagarajan named new CEO of Genpact

Monday, May 16th, 2011 Posted in Uncategorized | No Comments »

Effective June 17th Genpact get's a new CEO. Pramod Bhasin will step down and Tiger takes over the reigns. Here is the press release from Genpact: NEW YORK, May 16, 2011 – ... Read more..

Niche outsourcing firms QuEST and Cades outbid Infosys & Mahindra for Airbus deal ?

Wednesday, May 11th, 2011 Posted in Uncategorized | No Comments »

According to EconomicTimes, niche firms QuEST and Cades have outbid larger horizontal firms for doing work with Airbus.  Engineering Services outsourcing is one of the areas where niche service providers ... Read more..

HSBC Shifting more back office offshore , target to save $80 to $110 million

Wednesday, May 11th, 2011 Posted in Uncategorized | No Comments »

HSBC has upped it's target for offshoring by planning to move more of their Technology, Finance and Operations functions offshore. According to eFinancialCareers, HSBS plans to save between $80-$110 million by ... Read more..

Cognizant Earnings First Quarter 2011

Sunday, May 8th, 2011 Posted in Uncategorized | No Comments »

Quarterly Revenues: $1.32 Billion (YoY: 42.9%, QoQ: 4.6%) Net Income: $208.3 million ($151.5 million last quarter) Net headcount addition for quarter: 7,200. Net addition of 1,400 people in the US, building the ... Read more..

CFO’s still hesistant to offshore Finance & Accounting functions

Saturday, May 7th, 2011 Posted in Uncategorized | No Comments »

Businesses still prefer to keep their finance and accounting operations in-house despite outsourced processes proving more efficient. Research from Ovum reveals many CFOs have no appetite for offshoring finance and accounting. ... Read more..

Cognizant – A Fortune 500 start up

Saturday, May 7th, 2011 Posted in Uncategorized | No Comments »

Cognizant recently got added at 484 to the fortune 500 firms list. A company started 14 years back and prides itself as a start up has managed to overtake a ... Read more..

Cognizant’s Q1 revenue up 42.9%; Q2 guidance higher than Wipro

Saturday, May 7th, 2011 Posted in Uncategorized | No Comments »

Cognizant Technology Solutions posted better-than-expected first quarter earnings and forecast strong second quarter revenues of $1.45 billion, which will help the multinational overtake India's third biggest software exporter Wipro in ... Read more..

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