Is Infosys on the Acquisition block?

Economic Times suggests in an article that Infosys is a very attractive acquisition target right now.  Look at some of the facts:Infosys has Cash and cash equivalents (Rs 22,000 crore) equal to 17% of the company's total market capitalisation of over Rs 1,34,000 crore - compared to TCS' ratio (Cash/Market Cap) of 2.2% and Cognizant's 12.5% With no debt burden and presence of cash reduces the enterprise value or the price that an acquirer would put on a going concern by an equal amount which w … [Read more...]

Indian IT companies headed for a rough future

Experts are predicting that the high profit margins experienced by the Indian IT companies will erode in the next 3-5 years.  And would settle at just around the 11-15% mark. Within the next two years, experts predict that operating margins will fall to below 20% (the average is 25% now for Infosys, TCS, Wipro and HCL Tech) and settle at a level that just about takes it past single digits. For comparison, in the quarter to September, the average operating profit margin for corporate India was … [Read more...]

TCS gets recognized as a Top 10 Global Service Provider in China

Tata Consultancy Services (China) Co. Ltd. just got recognized as “2012 Top 10 Global Service Provider in China”.  The award was presented by China Council for International Investment Promotion (CCIIP) in Nanjing, China.Qiqi Dong, the CEO of TCS China was obviously elated.  He reiterated his company's commitment to China and shared the growth plans. “It is a great honor for TCS to be recognized with this prestigious award and to be placed amongst the leading service providers in China.  We wil … [Read more...]


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