In the face
of falling employee satisfaction, Infy drops in the
rankings for the first time to #4, even as HP smoothly
carries out post-merger cultural integration to climb
back to the top 3. MNCs walk away with half the listing.
Gains: TCS, HP and Rolta. Losses: Infy, Wipro and Sun
It was cautious optimism that Indian IT entered fiscal 2002-03 with. As the year progressed, however, it was evident there would be no dramatic turnaround. End of year, a revival could be seen--but the rate of growth was not feverish enough...
Slow and steady didn’t win the race for
Indian IT in 2002-03, but it did stem the bloodbath a
bit. While outsourcing beefed up order books, margins
went wafer-thin. Even golden boy BPO felt the pressure,
but still romped home with 59% growth
Overview
Connectivity and security features that, according to the company, will empower
mobile users to enhance productivity come with the latest 54g and security
features that, according to the company.
Crown jewel TCS crossed $1 billion in revenues, while other group companies pulled overall growth down.
In the year of the toughest margin pressure ever, Wipro goes on an acquisition spree.
One year down, HP teaches skeptics basic merger maths: 1+1=2. Backed by consistent performance across every member of the group.
This was a year of transition, and a four-pronged strategy—BPO, HW infrastructure, engineering SW and apps. The result was stronger growth.
For the first time in years, profitability took a hit under margin pressure, while BPO subsidiary Progeon got off the ground.
Slow and steady didn’t win the
race for Indian IT in 2002-03, but it did stem the
bloodbath a bit. While outsourcing beefed up order
books, margins went wafer-thin. Even golden boy BPO felt
the pressure, but still romped home with 59% growth
