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MphasiS announced Q1 results

MphasiS is a leading applications services, remote infrastructure services and business process outsourcing services provider. The company delivers real improvements in business performance for clients through a combination of technology know-how, domain and process expertise with currently over 35,000 people.

Highlights – First Quarter 2010

  • Quarterly revenue rose to 21.9% to Rs 1,191.6 crores  for the quarter ended 31 January 2010 from Rs 977.7 crores for the corresponding quarter in the previous year
  • Operating profit during the quarter ended 31 January 2010 was Rs 267.8 crores, a growth of 27.2% as compared to operating profit of Rs 210.6 crores in the same period a year ago
  • Net profit grew by 27.7% from Rs 210.0 crores to Rs 268.3 crores
  • EPS increased to Rs 12.80 from Rs 10.05 over the same period last year, recording a growth of 27.3%
  • This quarter the Group recorded a net headcount increase of 2,166 to take the total employee number to 35,690
  • During the quarter ended 31 January 2010, the Group added 19 new clients, across 6 verticals, 11 being from HP Channel
                                     
http://www.mphasis.com/pdfs/1002_newsRelease.pdf 

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Posted by Guru's Pick on Sunday, February 28, 2010 5:44 AM
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Hexaware announced Q4 and 2009 results

Hexaware is a leading global provider of IT & BPO services and consulting. The Company focuses on key domains such as Banking, Financial Services, Insurance, Travel, Transportation, Hospitality, Logistics, Manufacturing, Life Sciences and Healthcare.


Highlights – Fourth Quarter 2009
  • Hexaware met revenue guidance; Q4 ’09 Revenue at Rs. 2,520 mn ($ 54 mn)
  • Q-o-Q decrease of 4.2% in INR terms and Q-o-Q decrease of 0.9% in $ terms
  • Net Profit after Tax was Rs. 360 mn ($7.7 mn)
  • Gross Margin stood at 43.1% and PAT margin was at 14.3%
  • 7 new clients added during the quarter of which 5 are Fortune 500 corporations; 157 active clients
  • Cash & Cash Equivalents increased to Rs. 4,262 mn ($ 91.6 mn), an increase of Rs. 243 mn ($8.1 mn) over the last quarter
Highlights – Full Year 2009
  • Revenue from operations stood at Rs. 10,386 mn ($ 214.7 mn)
  • Y-o-Y decrease of 9.8% in INR terms and Y-o-Y decrease of 18.3% in $ terms
  • Net Profit after Tax at Rs. 1,342 mn ($ 27.9 mn)
  • 35 new clients added during the year
  • 157 active clients; 4 clients billed more than $10 million during the year
  • Total headcount stood at 5,137 at the end of the year

First Quarter Outlook

The Company is providing the following guidance:

  • Revenue for Q1 10 is likely to be in the range of $ 48 mn to $ 50 mn. The Company expects the revenue to pick up from Q2 10.

 http://www.hexaware.com/fileadd/q4-09.pdf

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Posted by Guru's Pick on Saturday, February 20, 2010 7:21 AM
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Atos Origin announced 2009 results

Atos Origin is a leading international information technology (IT) services company, providing hi-tech transactional services, consulting, systems integration and managed operations to deliver business outcomes globally. The company’s annual revenues are EUR 5.1 billion and it employs 50,000 people.

Highlights – Full Year 2009

  • Revenue in 2009 reached EUR 5,127 million, down -3.7 per cent compared to revenue of EUR 5,324 million in 2008
  • Adjusted net income Group share at EUR 196 million, up by +9 per cent;
  • The Net income Group share for the year was EUR 32 million
  • Operating Margin is EUR 290 million representing an organic increase of +13 per cent
  • During 2009, recurring activities (Managed Services, HTTS, Medical BPO and Application Management) reached 71 per cent of total revenue compared to 68 per cent in 2008.
  • Total number of employees at the end of 2009 was 49,036 down by more than 1,900 compared to the 50,975 reported at the end of December 2008.

Full Year 2010 Outlook

The Company is providing the following guidance:

  • Due to the Arcandor bankruptcy, the Group expects in 2010 a slight revenue organic decrease, however at a lesser extent than the one achieved in 2009.
  • The Group has the objective to confirm the improvement achieved in 2009 by generating a net operational cash flow in the same range in 2010..

http://www.atosorigin.com/en-us/Newsroom/en-us/Press_Releases/2010/2010_02_17_01.htm

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Posted by Guru's Pick on Friday, February 19, 2010 8:00 AM
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Syntel announced its Q4 and full year 2009 financial results

Syntel (NASDAQ:SYNT) is a leading global provider of integrated information technology and Knowledge Process Outsourcing (KPO) solutions spanning the entire lifecycle of business and information systems and processes. Syntel is assessed at SEI CMMi Level 5, and is ISO 27001 and ISO 9001:2000 certified.

Highlights – Fourth Quarter 2009

  • Q4 revenue increased to $117.8M, up 12% from year-ago quarter and 12% sequentially
  • Q4 EPS of $0.86 per diluted share, up 34% from year-ago quarter and 18% sequentially
  • Net income for the fourth quarter was $35.8 million or $0.86 per diluted share, compared to $26.7 million or $0.64 per diluted share in the prior-year period
 Highlights – Full Year 2009
  • Revenue for 2009 increased two percent to $419.0 million, from $410.4 million in 2008.
  • Net income for the year was $118.5 million, or $2.86 per diluted share compared to $86.7 million or $2.10 per diluted share in 2008.
  • Net income rose 36.7 percent for the full year and associated earnings per share rose 36.2 percent.
  • The Company added 22 new clients during the year and ended 2009 with 12,567 employees globally.
 2010 GuidanceThe Company is providing the following guidance:
  • The Company is providing 2010 guidance of $430 to $460 million in revenue
  • EPS in the range of $2.15 to $2.45

 http://investor.shareholder.com/syntel/360/releasedetail.cfm?ReleaseID=444336 

 

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Posted by Guru's Pick on Thursday, February 18, 2010 1:20 AM
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Unisys announced its third quarter results

Unisys is a worldwide information technology company. With more than 26,000 employees, Unisys serves commercial organizations and government agencies throughout the world.

Highlights – Third Quarter 2009

  • The company’s revenue declined 12% to $1.16 billion compared with revenue of $1.31 billion in the year-ago quarter
  • Third quarter 2009 net income of $61.1 million, or $1.48 per diluted share, compared with a net loss of $34.7 million, or a loss of $.96 per diluted share, in the third quarter of 2008.
  • Revenue in the United States declined 3 percent to $542 million
  • Revenue in international markets declined 18 percent to $618 million
  • Company’s operating profit margin increased to 10.2 percent compared with 2.9 percent a year ago.
For the full year of 2009, Unisys reported net income of $189.3 million, or $4.75 per diluted share. This compared with a full-year 2008 net loss of $130.1 million, or a loss of $3.62 per diluted share, which included $103.1 million of pretax cost-reduction charges. Revenue in 2009 declined 12 percent to $4.60 billion compared with revenue of $5.23 billion in 2008.

http://www.unisys.com/unisys/news/detail.jsp?id=1120000970000510079

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Posted by Guru's Pick on Wednesday, February 17, 2010 8:51 AM
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Everest Group 2009 Fourth Quarter Offshoring Report Finds Steady Deal Volume

The Everest Group published a new report showing that global outsourcing and offshoring transaction volume in the fourth quarter of 2009 was not too different from the previous quarter. The report states that American and European buyers are continuing their offshore activities which has resulted in new jobs at leading Indian suppliers.
 
The report summarized the following:
 
* 71 percent of the deals were for IT outsourcing

* Business process outsourcing was also a big winner in the fourth quarter, with over 25 percent of signed deals in this space
 
* Large ITO and BPO deals took place in thefourth quarter of 2009

* Three fourths of the total transactions were for North America and Europe
 
The Everest Group publishes reports that provide provide data and analysis of deals in the outsourcing and offshoring market.

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Posted by merveille.n on Tuesday, February 16, 2010 11:42 AM
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The 2010 Outsourcing World Summit, Florida

The International Association of Outsourcing Professionals (IAOP) in association with FORTUNE® Custom Projects will be presenting the 13th edition of its conference series – The Outsourcing World Summit, February 15-17, 2010 at Disney’s Yacht & Beach Club Convention Center in Lake Buena Vista, Florida. 

This event is designed for outsourcing executives from across the industry and around the world who are seeking the very latest insights and ideas - long-term strategic technology and economic planning, tactical measures used for growth, competitiveness and innovation, investment analysis, value health check, contract/relationship management, etc. 

Since 1998, The Outsourcing World Summit has been the most highly respected annual gathering for outsourcing customers, providers and advisors from around the world.  Latest trends and opportunities are identified. This three-day intensive program is truly in a class by itself, offering delegates a full and comprehensive learning environment and networking experience. 

Kapil Sanghi, Principal Consultant of SourcingGurus will be attending this event. Please free to get in touch with him if you need to know more about our Advisory Services. Email us at ask.gurus@sourcinggurus.com for more information. 

For details of the event, please visit The 2010 Outsourcing World Summit. 

 

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Posted by Guru's Pick on Monday, February 15, 2010 9:25 AM
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CSC announced its third quarter results

CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. Headquartered in Falls Church, VA., CSC has approximately 92,000 employees and reported revenue of $16.0 billion for the 12 months ended January 1, 2010

Highlights – Third Quarter Fiscal 2009

  • Q3 rev slightly misses estimates. Revenue was flat at $3.95 billion.
  • Analysts on average had expected earnings of $1.23 per share, excluding exceptional items, on revenue of $4.03 billion
  • Net income for the third quarter ended Jan. 1 rose to $216 million, or $1.36 a share, from $163 million, or $1.06 a share, a year earlier.

Fiscal Year 2010 Outlook

The Company is providing the following guidance:

  • The company re-affirmed its guidance for fiscal year 2010 anticipating revenue in the $16.0 – $16.5 billion range
  • EPS in the higher end of the $4.80 - $5.00 range, and free cash flow equal or greater than 90% of net income.
 http://www.csc.com/investor_relations/press_releases/41182-csc_reports_third_quarter_results 

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Posted by Guru's Pick on Sunday, February 14, 2010 5:23 PM
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Patni Computer Systems announced its Q4 and full year 2009 financial results

Patni Computer Systems Ltd. (Patni) (BSE: PATNI COMPUT, NSE: PATNI, NYSE: PTI) is one of the leading global providers of Information Technology services and business solutions. Over 14,500 professionals service clients across diverse industries, from 27 sales offices across the Americas, Europe and Asia-Pacific, and 22 Global Delivery Centers in strategic locations across the world.

Highlights – Fourth Quarter 2009

  • Revenues for the Quarter at US$ 170.2 million (Rs.7,896.1 million)
  • EPS for the quarter at US$ 0.31 per share (US$ 0.63 per ADS).
  • Net Income for the quarter at US$ 40.5 million (Rs.1,878.4 million)
  • Revenue concentration of Top 10 customer also reduced sequentially to 50.9% from 51.4% in Q3.
 Highlights – Full Year 2009
  • Revenues for the year at US$ 655.9 million (Rs.30,434.6 million) , down 8.8 % compared to US$ 718.9 million (Rs. 34,923.4 million) for the previous year.
  • EPS for the year at US$ 0.93 per share (US$ 1.86 per ADS) as compared to US$ 0.75 per share (US$ 1.50 per ADS) of the previous year.
  • For the year Net income higher by 18.1% at US$ 119.8 million (Rs.5,557.8 million) against US$ 101.4 million (Rs.4,927.0 million) for 2008.

First Quarter & Full Year 2010 Outlook

The Company is providing the following guidance:

  • Q1 CY2010 Revenues are expected to be at US$ 170 million to US$ 174 million
  • Net Income (Excluding the hedging Gain/Loss) is expected to be in the range of US$ 28 million to US$ 29 million
http://www.patni.com/financial-results/2009-q4-results.aspx

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Posted by Guru's Pick on Sunday, February 14, 2010 5:56 AM
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Cognizant Technology Solutions announced its fourth quarter and full year 2009 financial results

Cognizant Technology Solutions Corporation (Nasdaq: CTSH), a leading provider of information technology, consulting, and business process outsourcing services, today announced its fourth quarter and full year 2009 financial results.

Highlights – Fourth Quarter 2009

  • Quarterly revenue rose to $902.7 million, up 20% from the year-ago quarter and 6% sequentially.
  • Quarterly diluted EPS on a GAAP basis was $0.47, compared to $0.38 in the year-ago quarter.
  • Net headcount additions for the quarter exceeded 10,300; year-end headcount approximately 78,400.

Highlights – Full Year 2009

  • Revenue increased to $3.279 billion, up 16% from the previous year.
  • Diluted EPS on a GAAP basis was $1.78, compared to $1.44 in the previous year.
  • Diluted EPS on a non-GAAP basis, which excludes $0.12 in stock-based compensation expense and stock-based Indian fringe benefit tax expenses, was $1.90, compared to $1.59 in the previous year.  

Revenue for 2009 increased to $3.279 billion, up 16% from $2.816 billion for 2008. GAAP net income was $535.0 million, or $1.78 per diluted share, compared to $430.8 million, or $1.44 per diluted share, for 2008.  Diluted earnings per share on a non-GAAP basis was $1.90. GAAP operating margin was 18.9%.  Excluding stock-based compensation expense of $44.8 million and stock-based Indian fringe benefit tax expense of $0.9 million, non-GAAP operating margin was 20.3%.

First Quarter & Full Year 2010 Outlook

The Company is providing the following guidance:

  • First quarter 2010 revenue anticipated to be at least $935 million.
  • First quarter 2010 diluted EPS expected to be $0.48 on a GAAP basis and $0.52 on a non-GAAP basis, which excludes $0.04 of estimated stock-based compensation expense.
  • Fiscal 2010 revenue expected to be at least $3.935 billion, up at least 20% compared to 2009.

http://investors.cognizant.com/index.php?s=43&item=115

 

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Posted by Guru's Pick on Friday, February 12, 2010 11:56 AM
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