Project Management ++ |
IT Sales and Business Development |
Wipro Technologies |
33 more ...|
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Activity:
28 views;
last activity : 07 06 2010 20:18:09 +0000
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Demand slowdown
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Recession
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Competition to increase
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Time to get leaner
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Value Add / ROI
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Oppertunity to enter
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The Indian IT vendors have been facing challenging times as a result of
uncertainty in the |
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More that 70% of the business of IT comes from US and in that also a large part was Finance and Insurance with the problems in US market effect in Indian IT co's have already started I foresee the same 2000 type of problems arrising but its more grave this time |
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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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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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As you have rightly titled "wall st tsunami " i think indian IT is in for major changes .Firms will have to realign their service delivery value preposition.Pure ROI will sell...party appears to be over. Sanjay |
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The stocks will not be giving 40 to 50% return,but the valuations have become attractive and present it is an oppertunity to enter. The front line companies will maintain their clientel and shall gain due to weakness of Re. against $
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Customer Retention is the activity that a selling organization undertakes in order to reduce customer defections. Successful customer retention starts with the first contact an organization has with a customer and continues throughout the entire... |
We should not forget that poor infrastructure in our country is shaving an estimated one or two percentage points off because of which India's annual economic growth, has slowed down to to 6.7% in 2008/09 after three years of 9% growth. Thus, it will... |
Thanks for sharing Mr.Mathew |
