Posts Tagged ‘Accenture’

IT shares in demand on upbeat forecast from Accenture

September 28th, 2011

Seven software shares rose 0.05% to 3.15% at 11:25 IST on BSE on upbeat earnings and forecast from Accenture PLC, the world’s second-largest technology consulting company.
HCL Technologies (up 3.15%), Infosys (up 1.55%), MphasiS (up 1.23%), Wipro (up 0.72%), TCS (up 0.60%), Mahindra Satyam (up 0.35%) and Tech Mahindra (up 0.05%), rose.
The BSE IT index was up 1.19% at 5,246.11. It outperformed the Sensex, which was down 0.79% at 16,393.71.
The BSE IT index had outperformed the market over the past one month until 27 September 2011, gaining 9.84% compared with the Sensex’s 4.26% gain. The index had underperformed the market in past one quarter, sliding 13.85% as against 10.26% decline in the Sensex.
Accenture PLC, the world’s second-largest technology consulting company, on Tuesday, 27 September 2011, reported fourth-quarter profit that exceeded analysts’ estimates on increasing spending by businesses. Accenture also gave 2012 forecasts exceeding projections.
Another trigger for the latest upmove in IT stocks was weak rupee. The partially convertible rupee was at 49.1550/1650 per dollar, weaker than Tuesday’s close of 49.065/075. A weak rupee boosts revenue of IT firms in rupee terms as the sector derives a lion’s share of revenue from exports.
IT sector bellwether Infosys will declare its Q2 September 2011 results on 12 October 2011. According to CRISIL, IT services providers are expected to report buoyant revenue growth of around 17% in Q2 September 2011 on the back of strong pipeline. However, EBITDA margins are likely to decline by around 200 bps due to rising salary costs, CRISIL says.
Infosys executive co-chairman S. Gopalakrishnan on 8 September 2011 said clients are unlikely to cut their technology budgets for 2011, though they may end up cutting them for next year. He also warned that clients may hold back spending budgets earmarked for this year. Infosys had earlier said that it is witnessing delays in decision-making by clients.
TCS on Tuesday, 13 September 2011, said the demand for outsourcing technology services continues to be good, although economic uncertainties in Europe remain the biggest concern for the technology major. TCS is cautiously optimistic about the demand for outsourcing services as clients remain wary of spending in an uncertain economic environment, S. Ramadorai, vice chairman, said in a media interview. Ramadorai’s comments come amid fears of a growth slowdown in India’s technology companies amid the ongoing debt crisis in Europe and a slowdown in the US–the two main outsourcing markets.
The National Association of Software and Services Companies, or Nasscom, the main software trade body on 23 August 2011 reiterated its estimate of the industry recording 16%-18% growth in export revenue this fiscal year. Nasscom had in February 2011 forecast the industry’s export revenue at $68 billion-$70 billion for the fiscal year that started on 1 April 2011. Nasscom has reiterated estimate of growth in export revenue this fiscal year despite fears of economic troubles in the main outsourcing markets viz. the US and Europe.

Source:http://www.indiainfoline.com/Markets/News/IT-shares-in-demand-on-upbeat-forecast-from-Accenture/3951345937

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Accenture signs 10-year outsourcing agreement with Thomas Cook

September 22nd, 2011

Transform and manage of the travel group’s technology infrastructure across Europe

Accenture has signed a 10-year technology consulting and outsourcing agreement with travel group Thomas Cook.

The transformation and management of the travel group’s technology infrastructure across Europe will be achieved through this agreement, said Accenture.

Accenture will integrate the travel services company’s separate European IT structures into a single group organisation by using its IT infrastructure.

The IT operations, processes, methods and systems will be transformed by the Accenture designed infrastructure, which will draw on public and private cloud technologies to provide a platform for business growth.

Accenture will deliver technology infrastructure management, IT service delivery, service management, service desk, data centre services, workspace services, network services and security services.

As per the contract, Accenture will also provide finance and accounting BPO services to Thomas Cook.

With Cisco, Accenture will deliver a scalable ‘any-to-any’ connectivity to Thomas Cook, supporting Class of Service (CoS), ready to transport VoIP, video, unified communications, and collaboration across a single network using Multiprotocol Label Switching (MPLS) technology.

To deliver Infrastructure as a Service, Accenture will use virtualisation, automation and cloud-based services which enable Thomas Cook to contour its applications and data centres while delivering business-level security and reliability.

Accenture will provide the services from both client locations and Accenture’s Global Delivery Network.

Source:http://outsourcingbpo.cbronline.com/news/accenture-signs-10-year-outsourcing-agreement-with-thomas-cook-210911

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Thomas Cook signs long-term contract with Accenture for cloud services

September 21st, 2011

Thomas Cook has defied contemporary outsourcing wisdom and signed long-term IT outsourcing contracts with Accenture.

The travel giant has signed a new ten-year contract with Accenture and a three-year extension to an existing ten-year deal with the outsourcer, with both contracts relying on cloud-based infrastructures for the delivery of services.

Last year, Thomas Cook said it aimed to make annual savings of up to £50 million through a range of measures, including consolidating its IT infrastructure, renegotiation of supplier costs and reduction in buying requirements.

* IT consolidation to help Thomas Cook cut £50 million costs
* Thomas Cook CIO moves to service-based IT infrastructure
* Thomas Cook flies to £142m savings after IT standardisation

The new deals the travel firm has signed with Accenture include technology infrastructure outsourcing and business process outsourcing across Europe. While the financial terms of the extensive contracts have not been disclosed, Thomas Cook obviousy thinks it is in safe hands.

Accenture will design and implement “an agile IT infrastructure that integrates the company’s separate European IT structures into a single group organisation”, said Thomas Cook.

The new infrastructure “will draw on public and private cloud technologies to help transform IT operations, processes, methods and systems to provide a platform for the efficient growth of the business,” it said.

In addition, Accenture will deliver technology infrastructure management, IT service delivery, service management, service desk, data centre services, workspace services, network services and security services.

Accenture will also provide finance and accounting BPO services to Thomas Cook as part of the new contract. There is also a three-year extension to a 10-year contract signed in 2007 for Accenture to provide application management, technology infrastructure management, finance and accounting, human resources and payroll services to Thomas Cook’s UK operations.

In addition, there is a seven-year extension to a five-year contract for hotel settlement support services at Thomas Cook Germany.

“We are delighted to expand our collaboration with Accenture to leverage their world-class expertise and capabilities in transforming our IT operations by implementing new, lean technology that is ‘cloud enabled’”, said Gary Edwards, group CIO at Thomas Cook Group. “This will help Thomas Cook deliver significant savings, while creating the agility we need to respond to customer needs.”

Using Cisco kit, Accenture says it will deliver scalable “any-to-any” connectivity, ready to support voice over IP, video, and unified communications data traffic. Collaboration, it said, will be supported across a simplified and optimised single network using multiprotocol label switching (MPLS) networking technology.

Accenture will also work closely with fellow IT services provider Lufthansa Systems to provide Thomas Cook with virtualisation, automation and cloud-based services to deliver infrastructure-as-a-service platforms. This promises to allow Thomas Cook to streamline applications and data centres.By working with Accenture, Thomas Cook said it will consolidate the number of its existing IT suppliers.

Source:http://www.computerworlduk.com/news/cloud-computing/3304652/thomas-cook-signs-long-term-contract-with-accenture-for-cloud-services/

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Accenture and European Parliament Sign IT Application Development and Management Services Agreement

September 5th, 2011

Accenture has signed a €12million IT application services agreement with the European Parliament to develop, maintain and support a variety of applications across the Parliament’s operations. The agreement is designed to support the European Parliament’s overall information technology strategy and to drive greater operational efficiencies across the institution.

This contract, awarded after a competitive public procurement process, will provide application development, maintenance and support for the European Parliament. Accenture will oversee the development and integration of new applications across functional areas such as human resources, finance, logistics and administrative management.

Speaking on the contract, Sean Shine, managing director of Accenture Health & Public Service practice in Europe, Africa and Latin America said, “Both businesses and governments are increasingly seeking application development support to ensure their organizations operate to the highest standards to drive efficiencies. For the European Parliament, Accenture will analyze, design, build, test and implement new functions and applications as a managed service over the next four years. We are very pleased to be working with the European Parliament for the first time.”

Source:http://www.sunherald.com/2011/09/05/3400166/accenture-and-european-parliament.html

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Accenture recruiting Filipino nurses for care services BPO

August 19th, 2011

A leading global outsourcing company is recruiting Filipino nursing graduates for its growing care management business in the Philippines, company officials announced Thursday.

“Filipino nurses need not go overseas to earn salaries and enjoy benefits that are globally competitive,” Benedict C. Hernandez, leader of Accenture in the Philippines’ Business Process Outsourcing (BPO) Service Delivery Operations, told a news conference.

He said their care management BPO offers an “attractive” compensation package for applicants that have completed a B.S. in Nursing degree; Filipino nurses licensed to practice in the Philippines, with or without actual hospital experience; and nurses who have passed the US licensure examinations for foreign nurses.

However, Hernandez declined to give figures involving salaries, number of personnel needed, and the savings in administrative costs for US companies that use the services of Accenture in the Philippines.

Alvin Cloyd Dakis, national president of the Alliance of Young Nurse Leaders and Advocates International, had earlier told GMA News Online that the number of unemployed and under-employed registered Filipino nurses is anywhere between 160,000 to 200,000.

Accenture provides “upskilling” for licensed nurse personnel and training assistance for non-licensed nurses to acquire professional certification, according to Sanjay Seth, officer-in-charge of the company’s Care Management BPO in the Philippines.

He said their Care Management BPO facilitates the core processes of health insurance companies, from enrollment of members to managing the claims process and their network of hospitals and clinics.

The service is a pioneering venture and “a strategic growth area” for Accenture in the Philippines, Seth said. The company is planning to set up a similar operation in India, he added.

Care management services

Hernandez said the company’s Care Management Services involve three areas of work: utilization management, case and disease management, and health outreach to clients and patients of US hospitals and health insurance companies.

Utilization management involves the “initial screening by Accenture personnel of a patient’s medical records and applying the client’s (health insurance) policies and procedures to help determine if the patient is eligible for proposed medical services,” he said. It is intended to manage a client’s “misuse, underuse, and overuse” of health services available in his or her insurance policy, he added.

Disease management focuses on the prevention of complications and standardization of care for patients who suffer from chronic conditions such as diabetes or asthma that require long-term treatment and care, Hernandez said.

Meanwhile, health outreach services involve support for the patients’ wellness and prevention programs by providing them with information on diet and exercise to support healthier lifestyles, he said.

“They also perform certain enrolment functions related to client’s medical insurance plans and client-defined programs and services that help individuals achieve a better state of health before, during, and after they file their (health insurance) claims,” Hernandez said.

Accenture currently employs “several hundreds” of Filipino nurses whose work involves voice and non-voice interactions with clients, he said.

The company has more than 21,000 personnel in two Accenture Delivery Centers in Manila and Cebu. It is part of the global Accenture company that has more than 233,000 personnel serving clients in more than 120 countries, with net revenues of $21.6 billion in 2010.

Source:http://www.gmanews.tv/story/229826/business/accenture-recruiting-filipino-nurses-for-care-services-bpo

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Nokia to shift 800 staff to Accenture

June 30th, 2011

Nokia India is about to shift 800 employees working on the Symbian platform at its R&D unit in Bangalore to management-consulting firm Accenture, a senior executive said.

Last week, the Finnish handset maker inked an outsourcing deal with Accenture wherein the world’s largest IT consulting firm will provide software development and support for Symbian till 2016. Discussions with the employees will begin next week and carry on till Octoberend. Majority of the employees are expected to shift to Accenture; the process will be completed by the year-end. Some of them are working on Nokia projects, they will finish them and move to Accenture,” a company spokesperson told ET.

Symbian is Nokia’s legacy software and one of the most widely used mobile phone operating systems, with an installed base of over 225 million phones. Earlier this year, Nokia said it would switch to Microsoft’s Windows Phone 7 software from Symbian, which will be phased out in about two years.

At the same time, Nokia will continue to invest in Symbian by bringing software upgrades and launching more smartphones on the platform, said Nokia India marketing director Viral Oza. On Wednesday, the market leader launched Symbian Anna, the upgraded version of Symbian, and two smartphones based on the new platform. Over the next 12 months, the company will introduce 10 new smartphones on the Symbian platform.

By August the company will ensure all existing Nokia smartphones users can download Symbian Anna for free and in July, the company will begin to ship the N8, E7, C7 and C6-01 phones embedded with the new software to India.

“We’re not going to stop support to Symbian overnight because the ambition is not just to cater to existing users but also selling 150 million more Symbian devices globally. We will continue to invest in Symbian till 2016, improve the S 40 series and in parallel introduce the Windows Phone,” Oza said.

The company’s strategy has some criticism from analysts but Gartner’s principal research analyst Anshul Gupta said it may be a perfect fit for India and China, its key growth markets.

“Nokia is significantly losing market-share globally and in India but Symbian is still in great demand in India. Nokia has around 40% market share in smartphones segment in the country. It plans to sell 150 million handsets on Symbian globally, a large part of that can come from India and China because of its brand recall and prices at which it retails in these markets,” Gupta said. Nokia faces tough competition from Samsung, Apple and Blackberrymaker Research in Motion (RIM) across the world while domestic and Chinese handset makers are eating up market share in India. The world’s largest phone maker by volume in April overhauled its phone business, announced to reduce its global workforce by 7,000 apart from outsourcing Symbian software to Accenture. Nokia will launch the Windows Phone by the end of the year but the India launch has not been finalised.

Source:http://economictimes.indiatimes.com/news/nokia-to-shift-800-staff-to-accenture/articleshow/9046499.cms

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Royal Sun Alliance extends BPO deal with Accenture

April 8th, 2011

UK insurance giant signs up for four more years of outsourcing administrative functions to India
Royal Sun Alliance, the UK insurance giant, has extended its business process outsourcing contract with services and consultancy provider Accenture by four years.

In 2003, RSA outsourced a number of business processes to Accenture’s Indian delivery centres in Bangalore and Mumbai. These include administrative process for sales and service, claims processing and finance operations.

According to an Accenture case study on the deal, the decision to outsource was part of an initiative by RSA to cut £270 million from its annual operating expenses.

Originally set to expire in 2010, the engagement was first extended to 2012, and has now been further extended to 2016.

In a statement, RSA operations director David Pitt said that renewed engagement allows for greater flexibility, “enabling us to refine services in an efficient and timely manner to reflect the changing needs of our customers”.

“In addition, we have developed a level of mutual trust and respect over an eight-year period that gives us comfort knowing Accenture will provide the necessary support to RSA as markets and requirements evolve,” Pitt said.

Having been hit hard by the recession, Accenture now appears to be bouncing back in a big way. The company took bookings worth $7 billion in its latest financial quarter, its highest booking rate since September 2007. The quarter’s consultancy bookings were the second highest in the company’s ten -ear history.

Accenture has announced a number of new deals in recent weeks, including a five-year BPO deal with CEVA Logistics and a cloud-based shared services contract with UK’s Ministry of Justice.

Source:http://www.information-age.com/channels/it-services/news/1616858/royal-sun-alliance-extends-bpo-deal-with-accenture.thtml

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