Infosys cashes in on outsourcing
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Indian software group Infosys turns in a 50% jump in profits as more companies hire it to run their technical support services.
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Indian software group Infosys sees its profits jump 50% as more companies hire it to run their technical support services.
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Software giant Microsoft Corp. signed software partnerships Monday with India's leading outsourcing firms, Infosys Technologies Ltd. and Wipro Ltd., and stepped up plans to hire more programmers in India.
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Indian professionals, venture capitalists (VCs), and entrepreneurs of Indian origin helped promote India as an outsourcing destination, according to a study conducted for the World Bank Institute in Washington, D.C., by Evalueserve Inc., a business intelligence and research firm.
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Infosys Technologies, India's second-largest software firm, has said it will be included on the Nasdaq-100 index, putting it among the biggest listed tech companies in the world.
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New venture in India raises questions about the evolution of offshore outsourcing.
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THE Ministry of Manpower has taken the unprecedented step of outsourcing its entire IT applications, hardware, software and services.
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Indian outsourcing companies have to move beyond low-cost services on an hourly-rate basis to offering complete services, according to an outsourcing consultancy.
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(InfoWorld) - Up against competition for markets and for hiring staff, Indian software outsourcers are focusing on building reusable software that automates specific business processes. These software components can in turn be used across a number of clients, saving costs, and time. Top Indian outsourcers such as Infosys Technologies Ltd. and HCL Technologies Ltd. for example, have developed a variety of components including an RFID (radio frequency ID) component for supply chain applications, according to Forrester Research Inc. senior analyst Sudin Apte. Currently, outsourcers' business models are largely based on a cost-plus model where they add more staff to a project to get more revenue. "They are trying to break out of this linearity and dependence on low-cost staff alone," Apte said. Midsize outsourcers are also investing in creating reusable components, consisting of business applications or middleware. "If you look at the applications we develop, about 30 to 35 percent are common across various applications, so there is an opportunity to make them reusable," said Bala Variyam, vice president for IT delivery at iGate Global Solutions Ltd., an outsourcing company in Bangalore. The company develops prebuilt components that can be used across a variety of industries, as well as business components for banking and financial services that are quickly configured and deployed for customers, Variyam said. Besides developing components in-house, iGate is also looking at open-source components. "We are looking, for example, at an open-source trading platform that can be used for capital markets and investment banking applications," Variyam said. Among multinational services companies, IBM Corp., for example, set up last year in India a Global Business Solutions Center as the company's global hub for the management and creation of reusable software components. IBM also set up last year development centers in Beijing, China, and Pune, India, that focus on developing industry-specific SOA (service-oriented architecture) services that are reusable across various customers. In the short term, this strategy will require Indian companies to invest in top quality staff to understand the business problem and the technology and develop the software. Most Indian companies like Infosys and HCL that are developing reusable components have large teams that are not immediately billable, so they don't earn direct revenue for their companies, Apte said. In the long term, though, these companies could probably have less demand for new staff as they reuse software across a large number of customers, according to Apte. IGate is already seeing dramatic time savings of up to 30 percent on applications development, though time taken on the design and testing phases does not change, Variyam said. Customers are also demanding components that have already been proven across other deployments, Variyam added.
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Indian outsourcing companies should expand their operations to other low-cost countries if they want to maintain their edge, experts said Thursday at an international software conference.
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SHANGHAI -- Indian outsourcing company Infosys Technologies Ltd. moved into its Shanghai office in February. Now, the company is running out of space and is scouting locations for a second outsourcing facility in China, a company executive said Wednesday.
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When the Nasdaq stock market opens next Monday, Indian outsourcer Infosys TechnologiesÂ will become the first Indian company to be included in its prestigious list of top-100 companies.ADVERTISEMENTNEW IT SERVICES FROM IBM: EASIER TO BUY AND IMPLEMENTDiscover a simpler, more cost-effective way to get the solutions your company needs to grow more flexible and efficient.
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Infosys Technologies Ltd., India's  second-largest software services company, posted its biggest  quarterly profit jump in three years on increased outsourcing  by telecoms and financial companies.
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New technical support service lets businesses outsource tuning, patching and monitoring of their PeopleSoft systems.
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Indiaâs third-largest software company said that its net income for the October-December quarter rose 11 percent from a year ago due to strong outsourcing orders.
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Infosys and Microsoft plan to invest $8 million in a new venture; Microsoft will hire hundreds more programmers in India.
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India's largest outsourcer, Tata Consultancy Services (TCS), reported Monday strong growth in revenue and profit, despite theÂ appreciation of the Indian rupeeÂ against the U.S. dollar and higher staff costs in India.