RSSSummary of Facts from some Indian IT Services Companies
Since its earning season, am lookin through th results announced and summarizing here aspects / parts that i found interesting (Disclaimer: Some of the data is calculated and can be wrong and also there might be some errors in the writing/copying of data)
Mindtree:
- Sales Person : Software Professional - 1:10 Approximately
- Aprrox 6% drop in conversion rate Dollar to ruppee.
- Bench : Approximately 1400 FTE on bench
- Onsite Rate 56$ per hour (Approx)
- Offshore Rate 23$ Per hour (Approx)
- 38 Fortune 500 Accounts (2 Added in this quater)
- 3 Clients added to 1 Million bucket
- Total new clients added this quarter - 28
- 44% of Revenue comes from Storage & Servers Vertical/Industry - Quite different
- Drop in IP Licensing Revenue (0.8% to 0.1%)
- India is 4.3% of the revenue share.
3i Infotech:
- India 31% of revenue, Dropped from 36% the same quater last year
- ICICI top customer with 14% of revenue, dropped from 19% same quater last year
- 47% of the revenue comes from Products
- 4 Customers added to the >iMillion USD bucket
Hexaware:
- The technical manpower comprised 89.7% of the total workforce
- Attrition rate stood at 16.8%
- The number of clients registering $1m+ in revenues has registered a robust increase from 46 to 51 while 4 were in the $5 - $10 mn range and a further 5 clients billed more than $10 mn each (all on a trailing 12 month basis).
- Total Clients - 164ยจ, 52 of which belonged to Fortune 500
- Blended Utilization (including trainees) level surged to 73.7% in Q2 2007 compared to 70.7% in Q1 2007
Syntel Inc
- Synte Head count 9200 people
- Revenue growth of 25% YoY
- Started 80 new engagements
- Margins highest in IT Industry
- Application Outsourcing - 68%
- 46% from Financial Services Industry
Tags: india - it+Services - results - q1+india - q2+us - hexaware - syntel - 3i - mindtree
