Posted in Community :
Wall street Fighters
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Activity:
6 views;
last activity : 07 06 2010 20:18:09 +0000
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Demand slowdown
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Competition to increase
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Time to get leaner
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The Indian IT vendors have been facing challenging times as a result of
uncertainty in the
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by
Gandhi Rajan, Sr. Associate, ICICI Securities
| 11 28 2008 14:58:02 +0000
I have some facts to back my point.
Six months after Bear Sterns went under and was acquired by JP Morgan, the
latest series of events in the
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IT companies maintain that they aren't really feeling the pricing pressure
yet. There have been sporadic cases where the client has come back to us, to
renegotiate the prices. But, on the whole, the pricing discipline is intact.
But, I believe that sales cycles are bound to get longer and it is a matter of
time, before the companies feel the pricing pinch too.
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No supporting Arguments for this idea
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I believe there will be major strategic changes on the operational front,
the companies will try to protect their margins by condensing their hiring
plans and increasing the utilization rate (currently ranging between 70-75 per
cent), hiring fewer laterals (individuals with work experience), moderating the
growth in wages in the range of 8-12 per cent and keeping a check on their selling,
general and administration (SG&A) expenses.
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0
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No supporting Arguments for this idea
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