Cognizant seems fine... I have always like them in the sense that they play to win and appear more innovative than their Indian counterparts. They also have a young CEO, and that's actually a good sign.
Cheers, Zubin. On Sun, Feb 1, 2009 at 3:57 AM, raghavendra chary <[email protected]>wrote: > On Sun, Feb 1, 2009 at 1:10 PM, Zubin Wadia > <[email protected]<zwadia%40gmail.com>> > 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 > > [Non-text portions of this message have been removed] > > > [Non-text portions of this message have been removed]
