Jan 04, 2016, by Rachael Stormonth
The first working day in 2016 started with the announcement of the appointment of Abid Neemuchwala as CEO of Wipro, with TK Kurien’s elevation to Executive Vice Chairman, still reporting directly to Azim Premji.
Today’s announcement was not a huge surprise; Neemuchwala’s arrival from TCS in March 2015 as COO was perhaps more unexpected in that he was an external appointment, a[...]
Nov 15, 2015, by Rachael Stormonth
Will CSC invest nearly $1.2bn in M&A in the space of a few months?
Or will Capita progress with a bidding war?
CSC has sent a letter to the Xchanging board outlining its interest in making a cash offer of 170p per share for Xchanging stock. This would constitute a premium of 6.3% over Capita’s October 14 offer of 160p per share. CSC’s offer is dependent on Xchanging not [...]
Oct 08, 2015, by Rachael Stormonth
One recurring theme in recent conversations with CIOs has been their increasing interest in DevOps and their recognition of the importance of having the right culture. In fact, three C words: Culture, Collaboration, Communication. The general feeling is that if Agile is difficult, distributed Agile is challenging – and DevOps requires organizational rethinking. But, they agree[...]
Aug 06, 2015, by Rachael Stormonth
CGI's Q3 FY 15 results included:
Revenues of CDN$2.56bn, down 3.5% y/y in CC and flat sequentially
Adjusted EBIT margin of 14.5%, up 167 bps y/y
Full results are available here.
The y/y CC revenue decline (the same as in Q2) is attributed to the wind down of U.S. government healthcare projects, continued delays in U.S. federal procurement, and the slowdown in U.K. government sp[...]