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BPO: Maintaining the momentum

Mar 12, 2007

The Indian business process outsourcing (BPO) industry continued their robust growth during 2007. The opportunity has generated confidence among the global players, which is evident from the increasing offshoring business Indian BPOs are attracting despite the security concerns and data theft incidents. NASSCOM expects the Indian IT-BPO industry to cross the US$ 60 bn exports mark by 2010, from US$ 31 bn in FY07 (CAGR of 19%). Out of this, we expect the growth in the BPO segment to be relatively

MphasiS BFL: Managing risks

Feb 23, 2005

One mid sized Indian software company that has shown strong growth in the past and seems to be moving in the right direction as far as focus is concerned in MphasiS BFL. Despite being a mid-sized player, MphasiS has a broad range of service offerings, which includes IT consulting, architecting solution, development & maintenance of applications, transformation of legacy systems, application life cycle maintenance (ALCM), enterprise application integration (EAI) and testing. In this article, we t

Software: Preview 3QFY05...

Jan 5, 2005

The euphoria in the Indian equity markets continues abated and investors now wait for India Inc. to announce results for the third quarter for FY05. Leading the pack will again be the software majors with MphasiS and Infosys announcing their results on January 11 and 12 respectively. While the past couple of quarters have been good for Indian software companies, especially the leading players from the sector, 3QFY05 might see some weakness on the revenue growth and margins front.

Geometric Software: Way to go!

Oct 23, 2004

Geometric Software Solutions (GSS) announced robust results for the quarter and half year ending September 2004. Strong growth in topline has more than compensated for rise in employee costs (absolute terms) due to the salary revisions in the quarter. This is seen in the strong improvement in operating margins during 2QFY05.

MphasiS: Are IT services out of trough?

Oct 11, 2004

MphasiS-BFL has announced its results for the second quarter and half year ending September 2004. While topline growth has been strong for both 2QFY05 and 1HFY05, a large foreign exchange loss has led to the bottomline witnessing a decline on a sequential basis for the quarter. Lower cost of sales has, however, helped the company report an improvement in margins during the quarter.

Geometric Software: Tough times never last!

Aug 19, 2004

In the highly competitive Indian technology space, the top layer is generally occupied of large companies (like Infosys and Wipro) that have a highly efficient delivery model in place and provide end-to-end services that are usually across the entire spectrum of the value chain. While it is possible only for a few players to imitate these behemoths, the others are well off concentrating on a niche areas or particular domains like banking and finance (i-flex), telecom (Hughes Software) and engine

"The vision is to become a major integrated IT and BPO player in the global context..."

Aug 12, 2004

Mr. Ravi Ramu is the Chief Financial Officer (CFO) at MphasiS-BFL. He is also a member of the Institute of Chartered Accountants in England and Wales. Mr. Ramu was previously the Senior Partner and Head of the Information, Communication and Entertainment practice at KPMG India and was involved extensively with US GAAP assignments as well as with US Initial Public Offering of shares of leading technology companies. He has also worked in KPMG Holland and in the KPMG International Office in Amsterd

“No news is good news…”

Jul 12, 2004

In an interview with us, Mr. Ramu gave us his perspective on the Union Budget and how does it affect the Indian economy in general and the Indian software sector in particular.

Indian IT: Have faith

May 21, 2004

Indian IT stocks have had a bad, or in soft terms, 'not-so-good' 2004 so far. While there are factors like the outsourcing backlash in the US (the largest market for these companies) that have raised doubts about faster volume growth, the overall uncertainty in the Indian stock markets has also cast its shadow on these stocks (see graph below).

MphasiS: In times to come...

Mar 25, 2004

MphasiS BFL is one of the very few Indian software companies that have outperformed the Sensex in FY04. However, when one considers the performance of the company vis-a-vis the Sensex in calender year 2004 (January 2004 till date), the stock has clearly under-performed the index. Let us take a brief look at MphasiS and see where the company is headed in times to come.

Outsourcing backlash: Would that hurt?

Feb 4, 2004

"Globalisation is a fact of life. But we have underestimated its fragility," said someone. While business process outsourcing (BPO) has come to be one of the greatest benefits (and as a way of life) of globalisation to developing nations like India, the disturbance it has created at the origin, the US has now brought into light the 'fragility' factor. Loss of well-paid jobs of the Americans to relatively low-paid Indians has attracted much ire of the US government and of labour unions in that co

i-flex: Making global strides…

Dec 30, 2003

One of the very few Indian software companies that have outperformed the benchmark Sensex over the period beginning January 2003 till date is i-flex, the owner of the world’s largest selling core banking product in FY03 – Flexcube. While the Sensex has returned Rs 169 for Rs 100 invested in the beginning of the year, the gains on i-flex have been greater at Rs 198 (or 98%). These returns are not only a factor of the overall market rally but also because of the factors internal to i-flex and the

MphasiS: And miles to go…

Dec 29, 2003

MphasiS BFL is one Indian software company that has been the cynosure of eyes for investors in the last one year. Point-to-point, the stock has gained over 98% since the beginning of 2003. Apart of the benefiting from the overall optimism in the Indian stock markets, MphasiS has been rewarded by investors for the improved performance that the company has turned out over the last twelve months.

Software: Scaling up!

Dec 24, 2003

The year 2003 has been a turnaround year for companies in the Indian software sector - turnaround' in the sense that most of the Indian software companies have witnessed some respite from the pressure that they had been facing on account of slowdown in the global technology spending for the past two years.

Digital: Going cheap!

Dec 1, 2003

Global technology major, Hewlett Packard, which owns a 50.6% stake in Digital Globalsoft (Digital), has decided to buy-out the entire stock of publicly held shares of Digital.

Digital: Investing for growth…

Oct 21, 2003

Digital Globalsoft has announced good September quarter results reporting sequential topline and bottomline growth of around 8% and 6% respectively. For the half-year ended September 2003, the company’s sales and net profit were higher by 48% and 27% respectively on a YoY basis. While the operating margins dipped marginally (by 70 basis points) for 2QFY04, the drop on this front was greater for the half-year period (280 basis points).

MphasiS: BPO focus paying off…

Oct 9, 2003

MphasiS has reported strong performance for the September quarter with the topline and bottomline growing by 10% and 31% respectively on a sequential basis. The performance on the half-yearly basis has also been good for MphasiS (YoY growth in topline has been 42% while the profits are up by around 50%). While the company has improved upon its operating margins for the quarter by about 200 basis points, for 1HFY04, margins are lower by 300 basis points.

MphasiS: A recap…

Oct 7, 2003

One of the first companies from the software sector to announce its results for the September quarter is MphasiS. And before it does so, let us take stock of the company’s performance in the previous few quarters and see where it seems to be moving in the future.

Software: The pre-2QFY04 picture…

Oct 1, 2003

The result season is about to begin soon with software companies slated to announce their second quarter results from the second week of October. As a prelude to this, let us pause for a moment and take a look at the performance of some of the Indian software services companies in the last five quarters, beginning 1QFY03 (June 2002).

GTL: Topline blues

Aug 4, 2003

GTL Limited has reported a sequential decline of 13% in its topline for 1QFY04. However, a substantial drop in tax liabilities has helped it to post a respectable 14% growth in profits. Notably, expenditure has shown a sequential decline of 14% and this has enabled the company to improve its operating margins for the quarter by 70 basis points.

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