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MphasiS Financial Results for Quarter 3 FY 10

MphasiS is a leading provider of applications services, remote management services and BPO services. The company delivers real improvements in business performance for clients through a combination of technology know-how, domain and process expertise. With currently over 38,000 people, MphasiS services clients in financial services, healthcare, communications, transportation, consumer & retail industries and to governments around the world.

Financial Highlights for Quarter ended 31 July 2010

  • Consolidated revenue at $ 275.6 million for the quarter ended 31 July 2010 as compared to $ 232.0 million in the same quarter last year displaying growth of 18.8%
  • Net profit at $ 58.5 million for the quarter ended 31 July 2010 as compared to $ 48.1 millionin the same quarter last year displaying growth of 21.6%
  • Operating Profit at $ 59.4 million for the quarter ended 31 July 2010 displaying growth of 17.6% over the same quarter last year
  • Operating margins stood at 21.5%
  • EPS for the quarter was $ 0.28, an increase of 21.1% over the same period last year

http://www.mphasis.com/pdfs/PressReleaseUSDQ3FY10.pdf

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Posted by Guru's Pick on Monday, August 30, 2010 2:50 AM
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Ramco announced Financial Results for the Year Ended March 31, 2010

Ramco Systems, a part of the USD 800+ million Ramco Group, is a global provider, catering to over 100,000 users. Their resource strength exceeds over 1,306 employees operating out of 18 offices in 9 countries. Ramco Systems develops cost effective, flexible, and innovative enterprise applications, across multiple verticals including banking, insurance, manufacturing, supply chain, aviation, transportation and logistics, healthcare, governance, retail and so on. Ramco's collaborative solution innovation platform-Ramco VirtualWorks ensures that when your business changes, your system also changes along. Ramco Systems has been certified for ISO 9001:2008 quality standards, and ISO 27001 security standards.

Financial Highlights

•Global profit of USD 0.40 mln for the financial year 2009-10 as against last year’s profit of USD 0.45 mln
•Global revenues for Q4 (FY: 09-10) stood at USD 9.05 mln.
•During the year, the total quarterly income (India) reported is Rs 27.28 crores as against last year revenues of Rs. 18.12 crores depicting noteworthy growth of 51%.

Business Highlights

•The company’s flagship product RODE (Ramco OnDemand ERP- ERP delivered on cloud) successfully added 60 new customers in India
•The company’s entered into partnership with HP to market its Analytics Product on its neoview platform

http://www.ramco.com/news/company_press_May_24_10.asp

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Posted by Guru's Pick on Tuesday, June 01, 2010 10:31 AM
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WNS Announces Fourth Quarter and Full Year Fiscal 2010 Earnings

WNS (Holdings) Limited (NYSE: WNS) is a leading global business process outsourcing company. Deep industry and business process knowledge, a partnership approach, comprehensive service offering and a proven track record enables WNS to deliver business value to some of the leading companies in the world. WNS is passionate about building a market-leading company valued by our clients, employees, business partners, investors and communities.

Financial Highlights: Fiscal Fourth Quarter Ended March 31, 2010

• Quarterly revenue of $157.6 million, up 24.6% from the corresponding quarter last year.
• Quarterly revenue less repair payments of $96.7 million, up 1.8% from the corresponding quarter last year.
• Quarterly net income of $1.0 million compared to $2.5 million from the corresponding quarter last year.
• Quarterly adjusted net income (or net income attributable to WNS shareholders excluding amortization of intangible assets, share-based compensation, related fringe benefit taxes and loss attributable to non-controlling interest) of $13.3 million, compared to $13.7 million from the corresponding quarter last year.
• Quarterly diluted income per ADS of $0.02, compared with $0.06 for the corresponding quarter last year.
• Quarterly adjusted diluted net income per ADS (or diluted income attributable to WNS shareholders per ADS excluding amortization of intangible assets, share-based compensation, related fringe benefit taxes and loss attributable to non-controlling interest) of $0.30, compared to $0.32 for the corresponding quarter last year.

Financial Highlights: Fiscal Year Ended March 31, 2010

• Annual revenue of $582.5 million, up 11.8% from the prior fiscal year.
• Annual revenue less repair payments of $390.5 million, up 1.4% from the prior fiscal year.
• Annual net income of $3.7 million compared to $8.2 million from the prior fiscal year.
• Annual adjusted net income (or net income attributable to WNS shareholders excluding amortization of intangible assets, share-based compensation, related fringe benefit taxes and loss attributable to non-controlling interest) of $50.7 million, up 8.6% from the prior fiscal year.
• Annual diluted income per ADS of $0.08, compared with $0.19 for the prior fiscal year.
• Annual adjusted diluted net income per ADS (or diluted income attributable to WNS shareholders per ADS excluding amortization of intangible assets, share-based compensation, related fringe benefit taxes and loss attributable to non-controlling interest) of $1.15, up from $1.08 for the prior fiscal year.

http://ir.wns.com/phoenix.zhtml?c=200768&p=irol-newsArticle&ID=1429928&highlight= 

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Posted by Guru's Pick on Saturday, May 29, 2010 4:58 PM
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Vendor News May 2010-I

Deals

CSC Secures $30 Million IT Services Contract from Woodside Energy Limited
CSC has signed a three-year, AUD$30 million information technology (IT) services contract with Woodside Energy Limited, one of the world’s leading producers of liquefied natural gas
http://www.csc.com/au/press_releases/45213-csc_secures_30_million_it_services_contract_from_woodside_energy_limited

MindTree outbids biggies to win Rs 30-cr unique ID deal
MindTree has won Rs 30-crore contract from India’s Unique Identification Authority (UIDAI)
http://economictimes.indiatimes.com/infotech/ites/MindTree-outbids-biggies-to-win-Rs-30-cr-unique-ID-deal/articleshow/5884742.cms

HCL Technologies Signs Five-Year, Strategic Engagement Agreement with MSD
The deal, spread over five years, will see HCL becoming business and technology services partner to Merck by providing services such as software-led IT solutions, Remote Infrastructure Management (RIM), engineering and back office services.
http://www.hcltech.com/media/press-releases/2010/05/04/

State of Nevada and Capgemini Launch New Unemployment Insurance Solution
Capgemini Awarded Three-Year Contract to help increase Efficiency and Accuracy of Unemployment Insurance Administration for Nevada Department of Employment, Training and Rehabilitation
http://www.capgemini.com/news-and-events/news/state-of-nevada-and-capgemini-launch-new-unemployment-insurance-solution/

Mahindra Satyam gets $40 million deal from Nissan
The deal valued at $40 million involves outsourcing new technology for application maintenance and operation services of Nissan.
http://economictimes.indiatimes.com/infotech/software/Mahindra-Satyam-gets-40-million-deal-from-Nissan/articleshow/5922682.cms

Wipro bags three state data centre projects
Wipro Infotech, the IT arm of Wipro has bagged three projects from the governments of Maharashtra, West Bengal and Gujarat for setting up data centre.
http://economictimes.indiatimes.com/infotech/software/Wipro-bags-three-state-data-centre-projects/articleshow/5927170.cms

M&A, Partnerships, JV

Pegasystems and Wipro Expand Global Strategic Alliance
Pegasystems and Wipro announced global strategic alliance to provide industry-leading BPM solutions and services to worldwide clients.
http://www.pega.com/NewsEvents/PressRelease/release.asp?prid=493

HCL Technologies and Stellar Asia Pacific form strategic partnership to further expand business in Australia and APAC
HCL and Stellar will offer compelling business services and outsourcing proposition to clients by leveraging HCL's back office and technology product capabilities and Stellar's customer relationship management services.
http://www.hcltech.com/media/press-releases/2010/05/05/

Cognizant Acquires PIPC, a Global Program Management Consulting Firm
Cognizant has acquired The PIPC Group, a global program management consulting firm based in London.
http://www.cognizant.com/html/news/pressreleases/2010/Mercury_PIPC.asp

Alstom and Infosys Technologies Partner to Develop Next Generation Power Solutions
Alstom, a world leader in energy and rail transport infrastructure and Infosys Technologies, expanded their strategic partnership in areas of global Research and Development (R&D), Engineering and Engineering IT services.
http://www.infosys.com/newsroom/press-releases/Pages/engineering-research-development-power.aspx

News & Events

Study Shows Outsourcing Best Practices are Changing
Outsourcing Center conducted a study among 65 of the outsourcing relationships nominated for the 2009 Outsourcing Excellence Awards.
http://www.outsourcing-journal.com/may2010-study.html

Infosys BPO Launches Enhanced Sales and Fulfillment Outsourcing Services
Infosys BPO, has launched an enhanced offering in the areas of sales support and fulfillment operations.
http://www.infosys.com/newsroom/press-releases/Pages/sales-fulfillment-outsourcing.aspx

Wipro Technologies announces changes in leadership to focus on R&D business
Ayan Mukerji to head Product Engineering Services business globally & Jeffrey Heenan Jalil appointed as Head of Europe
http://www.wipro.com/corporate/media/newsdetail.aspx?id=1611

UK's National Grid shortlists Infosys, Mahindra Satyam, Cognizant for $250-mn deal
UK’s National Grid, which manages the country’s natural gas and electricity networks, has shortlisted Infosys, Mahindra Satyam and Cognizant for an outsourcing contract.
http://economictimes.indiatimes.com/infotech/ites/UKs-National-Grid-shortlists-Infosys-Mahindra-Satyam-Cognizant-for-250-mn-deal/articleshow/5928651.cms

Awards

Mahindra Satyam BPO honored as ‘India’s Most Customer Responsive BPO Company
Mahindra Satyam BPO has been honored as “India’s Most Customer Responsive BPO Company” at the ‘AGC Networks Customer Responsiveness Awards 2010.
http://www.mahindrasatyam.com/media/pr1May10.asp

iGATE named as a leading IT vendor for the insurance industry
iGATE, has been rated among the best 20 Leaders catering to the Insurance Industry by the International Association of Outsourcing Professionals.
http://www.igate.com/uploads/newsroom/press_releases/154iGATE_Named_As_A_Leading_IT_Vendor_For_The_Insurance_Industry.html?expandable=1

Outsourcing Center Announces Winners of 14th Annual Outsourcing Excellence Awards
Outsourcing Center, one of the leading sources of information about outsourcing, announced winners of the 2010 Outsourcing Excellence Awards.
http://www.outsourcing-awards.com/

Analyst/Reports

Market Vista: Q1 2010
Market Vista reports provide data and analysis highlighting key trends and developments in the fast evolving global offshoring and outsourcing market
http://www.everestresearchinstitute.com/Product/11148

Checklist: Key Questions For Setting SLA Strategy in Outsourcing Relationships
Forrester research for Sourcing & Vendor Management Professionals
http://www.forrester.com/rb/Research/checklist_key_questions_for_setting_sla_strategy/q/id/56799/t/2

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Categories: General | News | Vendors
Posted by Guru's Pick on Friday, May 21, 2010 4:03 AM
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Mindteck announced Financial Results for the quarter ended March 31, 2010

Mindteck is a global Technology and IT Services Company that delivers business and technology solutions to a wide range of Fortune 500 companies, multinationals, and successful mid market enterprises around the globe. It has offices and development centers in India, USA, UK, Germany, Netherlands, Singapore, Malaysia, and Bahrain. It is a provider of end to end IT Services, IT Infrastructure, Security and Managed Services, and Product Engineering Services. Mindteck (India) Limited is listed on the Bombay Stock Exchange. It is an ISO 9001:2000, ISO 27001:2005, ISO 13485 certified, and a SEI CMMi Level 5 assessed Company.

Financial Highlights

• Consolidated revenues stood at Rs 226.54 crore for the year ended March 31, 2010 as compared to Rs 282.14 crore during the corresponding previous year ended March 31, 2009
• EBIDTA on a consolidated basis for FY09-10 stood at Rs 10.53 crore as compared to Rs 17.95 crore reported in corresponding year
• Net profit after tax was Rs 3.35 crore as compared to Rs 10.98 crore during the corresponding previous year ended March 31, 2009
• EPS for the financial year was Rs 1.38 as compared to Rs 4.57 during the corresponding previous year ended March 31, 2009

Business Highlights

• Ranked amongst the fastest growing technology firms in Deloitte Technology Fast 500 Asia Pacific 2009 and Deloitte Technology Fast 50 India 2009
• Devised an innovative ‘best shore delivery model’ to provide customers with a mix of on-site, off-shore, offshore-onsite, and other hybrid delivery options across geographies
• Established Practice Groups for its IT, Infrastructure Management and Engineering service offerings
• Invested in building Solution Accelerators that are ready-to-deploy and reusable
• Launched a number of new technology initiatives, including:

o iPhone apps and games
o Smart Energy management solutions
o Windows 7-based Multi-Touch solution
o Enterprise mobility solutions
o Virtualization ROI calculator

http://www.mindteck.com/Media/pdf/FY09-10-results.pdf

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Posted by Guru's Pick on Thursday, May 20, 2010 3:23 PM
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Geometric announced fourth quarter and annual results for FY 2009-10

Geometric is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global Engineering services and Digital Technology solutions for Product Lifecycle Management (PLM) enables companies to formulate, implement, and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle. Geometric is listed on the Bombay and National Stock Exchanges. The company recorded consolidated revenues of US Dollars 108.1 million for the year ended March 2010. It employs close to 3000 people across 11 global delivery locations in the US, France, Romania, India, and China. Geometric is assessed at SEI CMMI Level 5 for its software services and ISO 9001:2000 certified for engineering operations.

Financial Highlights for Q4 FY10

• Operating revenues of INR 1,271.71 Mn (USD 27.84 Mn) for the quarter ended March 31, 2010, compared to revenues of INR 1,268.75 Mn (USD 27.13 Mn) in Q3FY10.
• Profit after tax was INR 118.36 Mn for the quarter, compared to INR 162.41 Mn in the previous quarter.

Business Highlights for financial year ended March 31, 2010 FY10

• EPS of Rs.7.51 against Rs. 0.55 in FY09
• Recommended dividend of 55% by the board of directors
• Debt free position on a consolidated basis
• FY10 net profits increased exponentially by 578% to INR 466.61 Mn from INR 68.83 Mn in FY09
• FY10 operating profits increased 11.9% to INR 586.17 Mn from INR 524.04 Mn in FY09 FY10 revenues declined 14.5% to INR 5115.62 Mn (USD 108.12 Mn) from INR 5980.79 Mn (USD 129.47 Mn) in FY09
• New customers’ addition at 37 for the fiscal
• Recognized as an IT Innovator by Nasscom for the third year in a row
 

http://www.geometricglobal.com/images/file/Geometric_Media_Release_Q4_FY10_April_26_2010.pdf

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Posted by Guru's Pick on Wednesday, May 19, 2010 11:58 PM
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Bluestar Infotech announced Q4 2009-10 financial results

Bluestar Infotech enables global mid market enterprises derive measurable business outcomes through the efficient use of information technology. Drawing upon its long standing track record of creating IT solutions, BSI is equipped to deliver affordable and flexible solutions through client-friendly and flexible engagement models. Headquartered in Mumbai, the Company is present in seven locations in India with software development centers in Mumbai and Bangalore. It serves its global clientele through offices in North America, UK, Finland and Japan. The Company also has business associates in USA and Europe. The Company is listed on the National Stock Exchange and the Bombay Stock Exchange in India.

Highlights – Fourth Quarter 2009

• Reported a revenue of Rs. 130.81 Crores for the 2009-10 financial year
• Reported a profit after tax (PAT) of Rs. 13.7 Crores for the 2009-10 financial year
• For its Q4 operations, revenue was at Rs.31 Crores and PAT rose to Rs. 2.75 Crores from Rs.2.65 Crores in same period last year (Q409)
• Proposed a dividend of Rs. 5 per share

Business Highlights

• The company added 10 new clients during the quarter
• Overall the company added 37 new clients in the financial year

http://www.bsil.com/year10_14-may.html

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Posted by Guru's Pick on Wednesday, May 19, 2010 8:23 PM
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Geodesic declares Quarter and Annual Financial Results 2010

Geodesic is an innovator in software products focused on Information, Communication and Entertainment for mobile phones and desktop computers. Geodesic's Mundu suite of award-winning products includes solutions for Instant Messaging, Voice-over-IP and Internet Radio. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India. Geodesic has offices in Mumbai and Bangalore in India, USA (Silicon Valley), UK, Sweden, Mauritius, Germany and Hong Kong.

Financial Highlights for the fourth quarter ended March 31, 2010

• Geodesic reported revenues of Rs 174.72 crore.
• Geodesic reported profit of Rs 69.44 crore, an increase of 4% as compared to the consecutive quarter last year.
• EPS stands at Rs 7.53.
• The Board of Directors approved a 5% buy back of Geodesic shares at a price of Rs.150.00 per share.

Financial Highlights for the twelve months ended March 31, 2010

• Geodesic reported revenues of Rs 644 crore
• Geodesic reported profit of Rs 248 crore
• EPS stands at Rs 26.88

Business Highlights

• The company has added diverse customers during the fourth quarter in the space of communication, collaboration, financial products and services including Axis Direct, US based financial aggregator and a large financial services company based out of Asia.
• Geodesic signed an agreement with Dialog Telekom, Sri Lanka’s largest mobile carrier with over 6 million subscribers to provide ‘Music Station’ built on Geodesic’s Mundu Radio platform to its subscribers.
• Geodesic through its subsidiary Interactive Networks Inc. launched IM for Telcel, Mexico’s largest Telecom operator

http://www.geodesic.com/investor_new/pdf/QuarterlyResults/Geodesic_2010.pdf

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Posted by Guru's Pick on Monday, May 17, 2010 2:37 PM
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Mastek Reports Jan-Mar 2010 quarter Financial Results

Mastek is a publicly held (NSE: MASTEK; BSE: 523704) leading IT player with global operations providing enterprise solutions to insurance, government, and financial services organizations worldwide. Mastek operates across US, Europe, and Asia Pacific regions. Incorporated in 1982, Mastek has been in the forefront of technology, which along with proven methodologies and processes, increase IT value generation to its customers through onsite and offshore deliveries.

Business Highlights

• EBITDA margin improves to 15.9%, PAT for quarter at Rs 15 cr
• Performance reflects adverse forex conditions and business headwinds
• 12-month order book stable in dollar terms
• Total Income for 9MFY2010 at Rs 557 cr, PAT at Rs 65 cr
• Adds an insurance customer during the quarter

On a quarter-on-quarter basis

• Total income represents an 11% decline from Rs 193.2 crore in the preceding quarter to Rs 172.2 crore.
• On a constant currency basis, total income for the quarter was Rs 179.6 cr.
• EBITDA at Rs 27.1 crore was 16.6% higher compared to Rs 23.2 crore in the preceding quarter. EBITDA margin for the quarter expanded from 12.2% in the previous quarter to 15.9%.
• PAT for the quarter stood at Rs 15.3 cr compared to Rs 23.5 cr in the preceding quarter.

On a year-on-year basis

• Total income during the quarter under review (Q3FY2010) was Rs 172.2 crore compared to Rs 233.0 in the similar quarter last year.
• EBITDA for the quarter under review was Rs 27.1 crore compared to Rs 43.2 crore last year.
• Profit After Tax (PAT) for the quarter under review was lower at Rs 15.3 cr compared to Rs 33.4 cr in the corresponding quarter last year.

http://www.mastek.com/press-release/investors/mastek-janmar-quarter-total-1625.html

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Posted by Guru's Pick on Thursday, May 13, 2010 11:02 AM
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Hinduja Global Solutions Q4 and Annual Financial Results – FY 09-10

Hinduja Global Solutions, a part of the multi-billion dollar conglomerate - Hinduja Group, excels in providing outsourcing solutions that include Back Office Processing, Contact Center services and customized ITES solutions to its global clientele comprising several Fortune 500 Companies. HGSL has been ranked the Best performing Call Center Worldwide by the Global Services Magazine in association with Neo IT in January 07. HGSL has its registered office in Mumbai, marketing offices in North America & UK and 23 delivery centers in the United States, Canada, Mauritius and Philippines.

Financial Highlights

• For FY10, Consolidated PAT was higher by 38.8% to Rs. 1,301.1 million, Consolidated EBITDA expanded 14% to Rs. 1,628 million and Consolidated Revenues expanded 11.9% to Rs. 8,923.4 million
• Consolidated Revenue for Q4FY10 was Rs. 2,232.1 million against Rs. 2,182.7 million in Q4FY09, registering a Y-o-Y growth of 2.3%. On a sequential quarter basis, revenues increased marginally by 0.30% from Rs. 2,225.4 million in Q3FY10.
• Consolidated EBITDA for Q4FY10 was Rs. 339.2 million against Rs. 426.1 million in Q4FY09. EBITDA of Q4FY10 was also lower than the EBITDA of Rs. 418.6 million in Q3FY10.
• Consolidated PAT for Q4FY10 was Rs.259.8 million as against Rs. 360.6 million in Q4FY09. Consolidated PAT of Q4FY10 was also lower than the Consolidated PAT of Rs. 301.9 million in Q3FY10 

Operating Highlights

• The company added 2 new Clients during the quarter.
• Headcount of 15,615 associates at the end of the quarter against 13,787 associates as of March 31, 2009.
• During the quarter, the Company has started operating through its new centres in Manila in the Philippines and Nagercoil in India.

http://www.hindujagsl.com/pdfs/q4_result_release_mar10.pdf

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Posted by Guru's Pick on Wednesday, May 12, 2010 6:29 AM
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