A recent rating — for global R&D service providers across India, China and Eastern Europe — by Zinnov Management Consulting identifies Wipro, TCS and HCL as market leaders in the overall rating based on components like financial strength and business models, innovation & expertise, people strength and operations.
The rating has also highlighted the impact of recession on the R&D service providers community across all key levers — like contract re-negotiation, increase in sales cycle time, bankruptcy of clients and fears of business continuity risk — which did result in many of them having to reassess and redefine their strategies.
Result of this reassessment has seen core mid-market service providers like Tata Elxsi, Tech Mahindra, Aricent, MindTree, Symphony, Sonata, Global Logic, Polaris and Aditi, moving strongly towards the top-pack and establishing themselves as leaders in specific industry verticals, said the rating.
Pari Natarajan, CEO, Zinnov Management Consulting said, the global economy has witnessed a major reset and is currently observing green shoots of recovery, with Germany, India and China among others showing signs of improvement. “This tectonic shift in the economy has led to numerous changes in the current market dynamics, but one thing that can be safely assumed is the continued growth of interlinkages between global businesses and stronger relationships between service providers and MNCs would only continue to grow in times to come.’’
Vertical specific rankings were also under taken to understand the capabilities of the various service providers in providing turnkey product engineering services in verticals like aerospace & defense, automotive, consumer electronics, healthcare, semi conductors, telecom, & software.
The rating study also found that, R&D offshoring to India, China, Russia and Central & Eastern Europe is expected to grow at 6-7% with India and China continuing to constitute close 90% of the overall market. Though large firms have neither dramatically cut down nor increased their R&D spends. Hence, R&D offshoring to India, China, Russia and CEE is expected to remain flat.
Agencies
Showing posts with label Eastern Europe. Show all posts
Showing posts with label Eastern Europe. Show all posts
Thursday, September 17, 2009
Tuesday, May 12, 2009
Has software piracy in India gone up to $2.7 billion?
Global software makers lost an estimated $2.76 billion to illegal software trade in India, a study.
According to a BSA-IDC Global Software Piracy Study, even as piracy in the country has seen a one point drop to 68 per cent in 2008, it has resulted in loss of billions of dollars for software majors like Adobe, Autodesk and Microsoft globally.
"With the various initiatives taken by the government and the firms, piracy has gone down to 68 per cent and in the coming year also, we expect this to continue as people become more informed about licenced software," BSA Vice-President and Regional Director (Asia-Pacific) Jeffrey J Hardee told reporters afetr releasing the study.
The dollar-rupee fluctuation resulted in the increase in value terms.
Hardee also said the rapidly growing user base for assembled PC units and easy availability of pirated software on the Internet, is a major concern.
However "with software firms offering services to the SMBs and more portable PCs being shipped, piracy should come down," he added.
The study noted a rise in piracy levels globally. While it has gone up to 41 per cent globally from 38 per cent last year, piracy also remains high in the Central and Eastern Europe (66 per cent), Latin America (65 per cent) and Asia-Pacific (61 per cent).
Agencies
US companies, cut, jobs, layoffs, US, tightens, H-1B visa, rules, Indians,professionals, aspiring, Washington, stricter screening,misuse,IT companies, India,technology, TCS, Infosys, Wipro,
Agencies
According to a BSA-IDC Global Software Piracy Study, even as piracy in the country has seen a one point drop to 68 per cent in 2008, it has resulted in loss of billions of dollars for software majors like Adobe, Autodesk and Microsoft globally.
"With the various initiatives taken by the government and the firms, piracy has gone down to 68 per cent and in the coming year also, we expect this to continue as people become more informed about licenced software," BSA Vice-President and Regional Director (Asia-Pacific) Jeffrey J Hardee told reporters afetr releasing the study.
The dollar-rupee fluctuation resulted in the increase in value terms.
Hardee also said the rapidly growing user base for assembled PC units and easy availability of pirated software on the Internet, is a major concern.
However "with software firms offering services to the SMBs and more portable PCs being shipped, piracy should come down," he added.
The study noted a rise in piracy levels globally. While it has gone up to 41 per cent globally from 38 per cent last year, piracy also remains high in the Central and Eastern Europe (66 per cent), Latin America (65 per cent) and Asia-Pacific (61 per cent).
Agencies
US companies, cut, jobs, layoffs, US, tightens, H-1B visa, rules, Indians,professionals, aspiring, Washington, stricter screening,misuse,IT companies, India,technology, TCS, Infosys, Wipro,
Agencies
Tuesday, April 14, 2009
Is IBM set to layoff thousands of jobs?
International Business Machines Corp plans to cut “thousands” of staff in the UK, Germany and Ireland as it shifts jobs to eastern Europe, China, India and South America, the Observer reported.
Job reductions have already been carried out in western Europe and more will be made within months, the newspaper said, citing Lee Conrad of Alliance@IBM, a network for company employees.
Indian workers at the company earn about 10 per cent of the amount paid to US employees performing similar tasks, according to the newspaper.
An IBM official told the media that a number of US employees have been laid off, declining to comment on future job reductions.
London-based IBM spokesman Joe Hanley said IBM declined to comment on “speculation regarding resource actions.”
Agencies
Job reductions have already been carried out in western Europe and more will be made within months, the newspaper said, citing Lee Conrad of Alliance@IBM, a network for company employees.
Indian workers at the company earn about 10 per cent of the amount paid to US employees performing similar tasks, according to the newspaper.
An IBM official told the media that a number of US employees have been laid off, declining to comment on future job reductions.
London-based IBM spokesman Joe Hanley said IBM declined to comment on “speculation regarding resource actions.”
Agencies
Wednesday, December 10, 2008
Yahoo to sack 1,500 workforce in high-cost markets; while hire in India
Yahoo Inc will tell 1,500 employees on Wednesday they are losing their jobs, after announcing in October that layoffs would occur by year's end, a person familiar with the situation said on Tuesday.
The expected date of the announcement and some details were reported this week by All Things Digital, a blog covering Silicon Valley. The layoffs will hit hardest in the labor-intensive areas of human resources and finance.
The blog had speculated the layoffs would affect more than 1,500 people, or about 10 percent of Yahoo's workforce, and the source said the number has not changed.
Chief Financial Officer Blake Jorgensen said in October Yahoo would be prepared to cut jobs and other expenses further in 2009 if the economy continued to deteriorate.
Yahoo will cut its workforce in high-cost markets and hire aggressively in lower-cost locales such as Eastern Europe, India and Southeast Asia, the company has said.
The highest-profile personnel change has not yet occurred. Chief Executive Jerry Yang said in November he would leave the company, after facing strong criticism for his leadership. That change will take effect when a replacement is named.
Source; Agencies
The expected date of the announcement and some details were reported this week by All Things Digital, a blog covering Silicon Valley. The layoffs will hit hardest in the labor-intensive areas of human resources and finance.
The blog had speculated the layoffs would affect more than 1,500 people, or about 10 percent of Yahoo's workforce, and the source said the number has not changed.
Chief Financial Officer Blake Jorgensen said in October Yahoo would be prepared to cut jobs and other expenses further in 2009 if the economy continued to deteriorate.
Yahoo will cut its workforce in high-cost markets and hire aggressively in lower-cost locales such as Eastern Europe, India and Southeast Asia, the company has said.
The highest-profile personnel change has not yet occurred. Chief Executive Jerry Yang said in November he would leave the company, after facing strong criticism for his leadership. That change will take effect when a replacement is named.
Source; Agencies
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