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TCS, Infy, Wipro among top 10 global service providers
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TCS, Infy, Wipro among top 10 global service providers
CHENNAI: Even in a recession-hit market where clients are cutting outsourcing
budgets, Indian firms such as TCS, Infy, Wipro, HCL and Tata Communications have won large outsourcing deals this year placing them among the top 10 global service providers, on contract value terms.
Even though the total contract value of awarded outsourcing deals fell by 22% to $40.2 billion in the first six months of this year, Indian tech firms continued to compete neck and neck with the global biggies such as IBM, Accenture, HP/EDS, CSC, shows data from TPI. TPI is the largest sourcing data and advisory firm and measures commercial outsourcing contracts valued at $25 million or more.
Indian firms dominated the information technology outsourcing
(ITO) segment ($33.2 billion) split into application, development & maintenance (ADM) and infrastructure segments.
Among the desi firms, the top deal winners were Cognizant, Infosys, HCL, TCS and Wipro featuring in the ADM section. HCL and Wipro were again listed among the top 10 infrastructure deal winners, TPI said.
“Retail, diversified financials, transport, and network telecom services provided strength to the ITO market. TCS was the top vendor to win deals in three of these markets, while Infosys appeared as one of the top vendors in the Americas and the APAC region,” HSBC IT analyst Yogesh Aggarwal said.
Tata Com, only Indian firm among network service bigwigs such as AT&T, BT, Ericsson and Nokia Siemens, grabbed a place amongst top 10 club in a segment where deals worth $13.4 billion were awarded till June.
While the broader BPO market remained weak, experts believe Indian vendors relied on client mining, rather than winning new mega-accounts. Infy, that employs 16,700 people in its BPO division, was among the top 10 BPO service providers in the H1 of 2009, wherein globally contracts worth $7 billion were awarded to the likes of Capita, Perot Systems, Xerox, RR Donnelley and Johnson Controls.
Source:
http://economictimes.indiatimes.com/Infotech/ITeS/TCS-Infy-Wipro-among-top-10-gl
budgets, Indian firms such as TCS, Infy, Wipro, HCL and Tata Communications have won large outsourcing deals this year placing them among the top 10 global service providers, on contract value terms.
Even though the total contract value of awarded outsourcing deals fell by 22% to $40.2 billion in the first six months of this year, Indian tech firms continued to compete neck and neck with the global biggies such as IBM, Accenture, HP/EDS, CSC, shows data from TPI. TPI is the largest sourcing data and advisory firm and measures commercial outsourcing contracts valued at $25 million or more.
Indian firms dominated the information technology outsourcing
(ITO) segment ($33.2 billion) split into application, development & maintenance (ADM) and infrastructure segments.
Among the desi firms, the top deal winners were Cognizant, Infosys, HCL, TCS and Wipro featuring in the ADM section. HCL and Wipro were again listed among the top 10 infrastructure deal winners, TPI said.
“Retail, diversified financials, transport, and network telecom services provided strength to the ITO market. TCS was the top vendor to win deals in three of these markets, while Infosys appeared as one of the top vendors in the Americas and the APAC region,” HSBC IT analyst Yogesh Aggarwal said.
Tata Com, only Indian firm among network service bigwigs such as AT&T, BT, Ericsson and Nokia Siemens, grabbed a place amongst top 10 club in a segment where deals worth $13.4 billion were awarded till June.
While the broader BPO market remained weak, experts believe Indian vendors relied on client mining, rather than winning new mega-accounts. Infy, that employs 16,700 people in its BPO division, was among the top 10 BPO service providers in the H1 of 2009, wherein globally contracts worth $7 billion were awarded to the likes of Capita, Perot Systems, Xerox, RR Donnelley and Johnson Controls.
Source:
http://economictimes.indiatimes.com/Infotech/ITeS/TCS-Infy-Wipro-among-top-10-gl
