Archive for September 24th, 2008
BOSTON: Technology companies will be pulling out the stops to sign deals before the September quarter closes next week as customers spooked by the US financial meltdown shy away from spending.
“It doesn’t take much to keep people from signing a piece of paperwork because they are worried, and I would say concerns are incredibly high right now,” said Rob Enderle, principal analyst with Enderle Group, which advises companies on purchasing technology products.
Some sales could get pushed past September 30, while vendors will be pressured to drop prices, a double whammy for tech suppliers.
AMR Research analyst Kevin O’Marah said that as many as one out of 10 technology deals expected to close this quarter could be postponed or killed due to concerns that the financial crisis will exacerbate existing weakness in the economy.
“You’ll definitely see some drop off,” O’Marah said. “Somebody who is thinking about a project that is maybe a borderline decision, this could be enough to cause them to say ‘hold the presses. Let’s just hold that.’”
US investment banks have been selling themselves and seeking new investors, in the wake of mortgage crisis, causing fears to reverberate throughout the US economy that business will slow and credit will dry up.
Technology companies have long had to scramble to close deals in the final days of each quarter, but it is always toughest when the economy is weak. That is because buyers time their purchases on the theory that hardware manufacturers such as EMC Corp, IBM and Hewlett-Packard Co and software makers including Symantec Corp, VMware Inc, McAfee Inc and Citrix Systems Inc price their products like autos.
Car dealers offer the steepest discounts at the end of the quarter so they can meet sales targets. Tech companies generally deny that they discount more heavily at the end of the quarter, but that hasn’t discouraged customers from waiting until the closing days of the quarter to sign deals.
Source:TOI
September 24th, 2008
BANGALORE: The global financial meltdown following the collapse of US investment banks will have limited impact on the Indian IT sector in the short and medium terms, but poses a challenge in the long-term, says Som Mittal, president of IT-BPO industry body Nasscom (National Association of Software and Service Companies).
“It is a cause for concern, not panic. The Indian IT sector is resilient to bear the impact of the turmoil. We need to wait and watch to find out how deep is the crisis. There will be some downside in the short and medium terms, which will be two-to-four quarters,” Mittal said in an interview.
In the long term, the export-driven software sector has to become risk-protected from such uncertainties by penetrating other geographies and expanding its service offerings to diverse verticals so as to retain its competitive edge and sustain the growth momentum.
Discounting apprehensions over meeting the revenue forecast for the current fiscal (2008-09), Mittal said though the growth rate would be lower than in the previous fiscal, there was no cause for alarm, as the base would be wider and in line with the long-term projection made by the McKinsey report in 2005.
“Growth will happen but at 22-23 per cent it will be lower than in the last two-three years when the booming IT industry posted a CGPA (cumulative growth per annum) of 31 per cent. When the base changes (widens), it will be difficult to grow at the same rate over a period,” Mittal pointed out.
As per the Nasscom forecast in June-July, software exports are projected to grow by $9 billion to $50 billion in fiscal 2008-09 from $41 billion in fiscal 2007-08 and $32 billion in fiscal 2006-07. As per the McKinsey report, exports are set to touch $60 billion by fiscal 2009-10 even if the growth rate remains lower at 23-25 per cent.
“We will re-visit our annual forecast in December though we do a dip-stick all the time. As we are part of the global world, we are bound to be affected by such events. Being an integral part of the delivery chain, we are vulnerable to things that happen the world over,” Mittal admitted.
Though the US market accounts for about 60 per cent of the export revenue of Indian IT bellwethers such as TCS, Infosys, Wipro and Satyam, with the BFSI (banking, financial services and insurance) segment contributing more, other verticals such as manufacturing, retail, transport, utility and so on continue to keep traction.
“I believe we will get some indication over the next four-five weeks about the impact of the Wall Street turmoil on servicing the financial sector, especially in the US. In IT budgets, non-discretionary spend, which is about 70 per cent, will continue to happen. In a downturn, discretionary spend on new projects, innovation or upgradation gets affected. The impact, if any, will be on the latter,” Mittal explained.
In the IT-enabled services (ITES) such as business process outsourcing (BPO) comprising voice and data, captives may get affected while third-party vendors have to be prudent to minimise the impact in case of business disruption, especially in transactional or analytic outsourcing.
Source:TOI
September 24th, 2008
NEW DELHI: India’s fourth largest IT services provider, Satyam Computer Services, has opened another development center in Pune. This is Satyam’s fourth center in the city.
The 4.75 lakh sq ft facility situated in special economic zone (SEZ) at Hinjawadi is expected to accommodate 4,750 associates, according to the company. Employees at the new center would provide application development services and enterprise business solutions to automotive companies and financial service institutions.
Satyam which has 30 development centers in India and 19 across the world has invested approximately Rs 100 crore in the new facility.
Indicating that Pune is India’s next IT hub, Virender Aggarwal head of Satyam’s APAC and MEIA regions said, “Our investment in this development center is further indication that the country is emerging as an innovation leader.”
The centre, which Satyam has taken on lease from DLF, offers a host of recreational facilities like meditation room, multi-vendor cafeteria and gymnasium.
On inaugurating the centre, MD and CEO, SBI Life, Uday Sankar Roy said, “As one of its customers, I am glad Satyam has invested in Pune.” He added, “India is a recognised global leader in IT services and it needs state-of-the-art infrastructure such as this facility to convey that image to the world.”
source: TOI
September 24th, 2008
WIPRO TECHNOLOGIES () introduces the School for IT infrastructure Management (SIM) for Diploma holders where you earn while you learn. Work at Wipro & study for an Integrated BS (Information Systems) & MS in Systems Engineering degrees from BITS-Pilani, a highly reputed institute of our country. A dual benefit plan where you get to experience on-the-job training (Monday through Friday) and get a degree at the end of it. After successful completion of MS Program, you will be absorbed into Wipro as a full time employee!
School for IT Infrastructure Management (SIM) by Wipro Technologies invites you to earn while you learn
Eligibility:
- Candidate should have completed 3 year diploma in Engineering
- Eligible Streams: EEE, ECE, CSE, E&I, E&TC
- Academic Scores: Minimum 60% in 10th & 12th respectively & minimum 70% in Diploma
- 2007 & ‘08 Academic year passouts only
Candidates with maximum of one year break in studies between academic years are also eligible to apply.
Walk-In Date: 27, 28 Sep 2008 | Registration between 9am & 10am
Only registered candidates will be taken ahead for the interview process.
Venue: Outreach school, #24/1, BTS Road Wilson Garden Ext, Bangalore-27
(Behind Shantinagar Bus stand, Opp-KEB Work Station)
Please carry your resume, mark sheets of all semesters and passport size photograph.. Please do not apply, if you have been interviewed in the last 6 months.
September 24th, 2008
McAfee Software India Pvt Ltd ( http://www.mcafee.com )
The largest dedicated security company in the world, has been a leader in this space for past 20 years, clocks a revenue of over $1.14 billion annually, has been granted more than 250 patents till date.
AvertLabs Malware Researcher
Eligibility: B.E/B/Tech[Electronics/CompuetrSc/IT],2008 Batch.
Role:
* Researching and analyzing a wide array of different malware and suspicious files
* Adding detection and repair as necessary for integration into the McAfee antivirus product line
* Authoring descriptions for inclusion into the Virus Information Library (VIL) website.
Essentials to be part of McAfee Team :
* High aptitude and strong OS fundamentals
* A creative thinker who comes up with new ideas
* Non general shift timings will apply. It may include night shifts
* Good to have malacious code analysis and reverse engineering skills
Event will be held on 26 Sept 08 in Bangalore..
Job Locations:Bangalore
Experience:Fresher
Note: Locations are subject to change.
Salary Offered From Rs. 400000.0 To Rs. 400000.0
Last Date-25 Sep 2008
click here to apply
September 24th, 2008
Company Profile:Qualsoft is an Offshore Software Development Company working for USA, UK, Canada & Europe based Clients. It’s a ISO & CMM Level 3 certification Company. Also certified by STPI (Software Technology Parks of India) as 100 % EOU (Export Oriented Unit).
Job Description
â Good communication skill.
â Delphi 7.0,Mysql/VB 6.0/C++
â Documentation skill.
â Smart worker and ability to resolve problems.
â Adapt quickly with Delphi VCL controls.
Desired Candidate Profile:Mandatory Skills: Delphi7.0, MySQL/VB 6.0/C++
Preferences
â Client communication skill.
â Positive thinking.
Experience:0 - 1 Years
Location:Pune
Compensation:As per Industry standards
Education:UG - Any Graduate - Any Specialization;Graduation Not Required
PG - Any PG Course - Any Specialization;Post Graduation Not Required
Industry Type:IT-Software/ Software Services
Functional Area:Application Programming, Maintenance
Contact Details
Company Name:Qual Soft Services
Website:https://www.qualsoftservices.com
Executive Name:Supriya/Smita
Telephone:020-30429193
Reference ID:QS-Delphi-08-SSE-04
Email Address: hr@qualsoftservices.com
click here to apply
September 24th, 2008