Salesforce earning show there are real clouds out there as well
By Tarry Singh at 22 August, 2010, 6:36 am
While many of us would like to just forget about cloud computing since every single vendor — be it in Networking, Hardware, Systems, Marketing, or just about anything — is talking about cloud as if they really dig it, all they are attempting to do is to rebrand their stuff in the hope to sell [...]
Read More >>Apax Partners LLP buys Brazil’s Outsourcing firm Tivit for $1 Billion
By Tarry Singh at 10 May, 2010, 12:39 pm
The coming 10 years will be defining as a lot of technological, geo-political, trans- and continantional changes will redefine the global sourcing landscape. A lot of protectionism will creep in. Outsiders will have to re-develop their strategies, make good and dedicated local and regional acquisitions. Some big local acquisitions too will come in. TCS, as [...]
Read More >>2010 Outsourcing Deal value $38 Billion; Suppliers battle for contracts
By Tarry Singh at 10 May, 2010, 4:25 am
Outsourcing experts from research firms such as Ovum said around 500 contracts worth nearly $37.5 billion are set to expire by September this year, ranging anywhere between $1 million and $1 billion each. “It’s a long, tough summer,” said a senior official at one of the Indian tech firms exploring opportunities at telecom majors such [...]
Read More >>Cloud startup Abiquo gets $5 Million funding; sports “drag-drop” VMware to Hyper-V feature
By Tarry Singh at 23 March, 2010, 11:03 am
This additional funding expands on the company’s recently announced investment by Spain’s Nauta Capital and Caja Navarra (see release Abiquo closes €1.5M Series A funding and appoints Pete Malcolm as CEO). The state of Catalonia and the federal government of Spain also contributed $1.53 million in grants and soft loans, and angel investors contributed the [...]
Read More >>Novell is up for sale, rejects Elliot’s takeover bid of $2 Billion
By Tarry Singh at 21 March, 2010, 9:15 am
Well Novell has been struggling for a long time and like Palm when the analysst start rating the firm to a “sell”, then you really have to do something — raise capital, sell more or get bought before you start bleeding. In a March 2 letter to Novell’s board of directors, Elliot–a New York-based hedge [...]
Read More >>Indian Tech firm Tata Consultancy (TCS) reports profits on order wins!
By Tarry Singh at 15 January, 2010, 4:52 am
Tata Consultancy Services Ltd., India’s largest software exporter, reported quarterly profit that beat estimates after customers increased spending. Net income climbed 33 percent to 18 billion rupees ($393 million) in the three months ended Dec. 31, from a year earlier, Mumbai-based Tata Consultancy said today. That beat the 16.1 billion rupee median of 22 analyst [...]
Read More >>Spanish Telco Giant Telefonica Q3 2009 profit falls!
By Tarry Singh at 12 November, 2009, 1:59 pm
Clearly giant Telco’s too have a bigger challenge as the L-Shaped recovery will take years and mere M&A is not going to boost the market share as smarter, nimbler, Cloud-aware Telco’s will penetrate the market and go after the much bigger attained market-share from these ailing giants. Telefonica SA, Europe’s second- largest phone company, said [...]
Read More >>Struggling BA and Iberia to merge to form a $7 Billion outfit
By Tarry Singh at 12 November, 2009, 1:48 pm
British Airways Plc agreed to a plan for a $7 billion merger with Spanish carrier Iberia Lineas Aereas de Espana SA, ending more than a year of talks on a tie-up aimed at fighting a slump in travel and closing the gap with competitors. Under the all-share deal, BA shareholders will get one share in [...]
Read More >>VMware reports earnings, profits drop by 54%
By Tarry Singh at 25 October, 2009, 10:41 am
VMware Inc. /quotes/comstock/13*!vmw/quotes/nls/vmw (VMW 44.37, -0.41, -0.92%) on Wednesday reported a fiscal third-quarter profit of $38 million, or 9 cents a share, on revenue of $490 million, compared with earnings of $83 million, or 21 cents a share, on $472 million in sales in the same period a year ago. Source
Read More >>Blockbuster M&A coming soon from an Indian Outsourcing firm?
By Tarry Singh at 19 October, 2009, 9:03 am
India’s top three IT firms each has a market value of between $18 billion-$27 billion and boasts a global footprint. These exporters individually employ about 100,000 staff, mostly in low-cost India centers with manicured lawns, pizza and Subway outlets, auditoriums, fitness centres and golf carts to move around the sprawling campuses. IBM, Accenture and Hewlett-Packard [...]
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