On Sun, Feb 1, 2009 at 1:10 PM, Zubin Wadia <[email protected]> wrote:
> Can you please explain what CTS stands for in this context?
>
> > wrote:
> >
> > > Raghu,
> > >
> > > That's the 12 Trillion $ question. I honestly don't know the answer.
> > These
> > > are unprecedented times.
> > >
> > > Also, keep in mind that "downturn" in the IT industry is only
> subjective.
> > >
> > > Out here in the US:
> > >
> > > - Healthcare IT is going to get serious investment from the Government
> > for
> > > Electronic Health Records.
> > > - Government Agencies are going to see = or better budgets in 2009-2010
> > for
> > > IT spending because it is understood that IT is beneficial to running a
> > > more
> > > efficient operation.
> > > - GreenTech will continue to move along - smart power grid management
> > > systems, solar power, battery technology - all are getting healthy
> > > investment.
> > >
> > > If you look at India specifically, you will notice that companies like
> > > Citigroup and Sony are either selling their BPO units or outsourcing
> > their
> > > technology operations. Sony will be outsourcing $100M in contracts this
> > > year
> > > alone - TCS is in the running for them from what I have read. Add GE,
> > Citi,
> > > BritTelecom, Nokia and BankOfAmerica to that pile and you are looking
> at
> > > $4BN. That's not insignificant.
> > >
> > > Additionally, in the event TCS/Infosys/Wipro/HCL/Cognizant/Satyam start
> > to
> > > really feel the pinch - the right thing to do would be for the
> Government
> > > of
> > > India to step in and leverage their excess capacity and skills to
> > > fast-track
> > > some public service projects. There are no shortage of aspects IT can
> > > improve for India. Cloud Infrastructure for a billion person
> > constituency?
> > > I
> > > like the sound of that.
> > >
> > > So, yes, the news is overwhelmingly negative - but the media loves to
> do
> > > that. The reality is that our industry is trimming the fat and
> "leaning"
> > > out
> > > their operations. The day you see 50,000 person companies shrink to
> > 10,000
> > > person companies that then merge or get acquired - is the day you
> really
> > > should panic. Fortunately, I don't see that day in the near future
> > because
> > > IT remains essential.
> > >
> > > Cheers,
> > >
> > > Zubin.
> > >
> > >
> > >
> >
> > Thanks,Zubin
> >
> > For your valuable analysis !!!
> > as far as my knowledge goes we should remain optimistic hoping for the
> > better
> > and what about CTS ??
> >
> > Raghu
> >
>
>
>
CTS stands for Cognizant Technology Solutions its a company name
Raghu
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