Oct 27, 2014, by Rachael Stormonth
This is the last set of quarterly results Unisys under the leadership of Ed Coleman – and it has been a last hurrah:
Revenues were $883, up 11% y/y, up 10% in constant currency: the strongest quarter of growth for many years at Unisys
Operating income was $77m, an operating margin of 8.7%, up 570 bps from a margin of 3.0% in Q3 2013.
Significantly, the topline gro[...]
Oct 13, 2014, by Rachael Stormonth
Infosys reported Q2 FY15 results today and new CEO Vishal Sikka took the occasion to share his strategic vision for the company. Sikka is quite an orator, for example declaring his aspiration for Infosys to once again be a bellwether of the IT services sector, and to achieving above average topline growth and margin.
Anyone who was looking to learn something more about Sikka’s l[...]
Sep 25, 2014, by Rachael Stormonth
NelsonHall recently attended Infosys’ European analyst and adviser summit held in advance of its “Confluence” customer event.
Dr. Vishal Sikka has been in place as CEO for less than two months. During this time he has met with several dozen key clients, held senior exec meetings in Stanford University (his alma mater), visited nearshore delivery centers, including a BPO site i[...]
Aug 22, 2014, by Rachael Stormonth
In a case that has been unfolding for several years now, and which heated up in early May, Accenture on August 1 assumed responsibility for administering Medicaid claims in the state of Texas. Accenture’s first award as a state’s primary fiscal agent was announced in the wake of a dispute between Texas and Xerox over its process for reviewing Medicaid dental c[...]
Aug 05, 2014, by Rachael Stormonth
At first glance, its Q4 FY 2014 results look like another impressive quarter’s performance from HCL Technologies (HCL), with the strongest y/y topline growth since Q2 FY 12 (to 14/6%) and ongoing y/y margin improvement (to 24.1%). (See here for full details). Look more closely, however, and, while the performance is undoubtedly very strong, it tends to be concentrated in a few service lines [...]
Jul 25, 2014, by Rachael Stormonth
Xerox Services has had a challenging half year:
In Q1 it announced it was taking an impairment charge ($80m for the year) related to HIX platform impairment (see here for discussion).
In Q2 it lost the Texas Medicaid contract. The impact of this is significant (around 1.5% of revenues): Q2 2014 Services contract renewal rate was 63%, well below the company’s target range of 85% to 90[...]
Jul 24, 2014, by Rachael Stormonth
Wipro announced its Q1 FY 2015 results today (for full details see here:).
Bit of a mixed bag from Wipro this quarter, generally positive, but with a few areas where we would hope to see improve over the next few quarters.
Looking at overall topline performance, revenues were towards the higher end of prior guidance of $1,715m-$1,755m, and the 9.6% reported y/y growth was[...]
Jul 18, 2014, by Rachael Stormonth
In case anyone has missed the phenomenon that is TCS, it has achieved over 16% y/y growth in four of the last five quarters (with “just” 15.3% in the fifth). This quarter, it reported a y/y increase of nearly $530m in revenue. If TCS continues at this pace – and management commentary is of a strong pipeline – then revenues this fiscal year should be around $15.5bn. TCS has [...]