CeBIT is an annual trade show exclusively for the digital industry. At this event companies from world over exhibit their products and services, showcase their innovative solutions and industry experts host conferences on prominent IT issues. This year CeBIT is organized in the city of Hannover, Germany from 6 March to 10 March 2012. Eric Schmidt, Executive Chairman of Google will be the keynote speaker at the opening ceremony of the event.

Over 20 years, CeBIT has emerged as a vital platform for businesses to meet clients, initiate deals, form synergistic partnership and a unique opportunity to network with top influencers of the digital industry. India is the global hub for offshore IT services. Around thirty companies from various states of the country are participating in CeBIT 2012 trade show. The interesting fact, however is that, about one third of these is from the western state Gujarat. Companies such as OpenXcell Technolabs, Cygnet Infotech, Elitecore Technologies and Radixweb are enterprise solution pioneers in their own rights and will showcase their services in the CeBIT IT trade show.

“It is exciting to know that most of the peer group companies such as Elsner Technologies, Hi-Tech Outsourcing Services, InheritX Solutions are going to exhibit in CeBIT 2012” says Mr. Jayneel Patel, Director of OpenXcell Technolabs, a software and consulting company in Gujarat. Last year the IT trade show attracted over 300,000 visitors from more than 110 countries among which were USA, Romania, Iran, UK, China, Egypt, Germany and Spain. Revealing his mind on such a positive participation of Gujarat based companies Mr. Jayneel Patel says, “This is a strong indication of Gujarat becoming the next big IT center after Bangalore.”

CeBIT is focused on encouraging innovation and developing rewarding solutions in the field of information and communication technology (ICT). This year the event will be organized under four theme-centric platforms such as Lab- for research, Life- for enhancing lifestyle, Gov- for public sector and finally Pro which is a dedicated platform for business operations solutions.

Participants can exhibit their products and services as a stand-alone presentation, in group pavilion or choose from special offer packages. The event attracted 500 top decision makers and CIOs from the world’s biggest companies the last year. Over a thousand journalists directly report about the event. Participation of Indian companies will get their efforts and good work noted by the top IT honchos and potential customers globally.

OpenXcell Technolabs will be presenting at CeBIT 2012 in hall 6, stand D44 all through 6 March to 10 March 2012. The India based company will showcase its premier CRM and ECM solutions along with cross platform mobile solutions at the event. It is an ISO 9001:2008 certified company.

Source:http://www.sbwire.com/press-releases/sbwire-126375.htm

Fitch Ratings says that despite an expected moderation in revenue growth in 2012 from 2011 levels, the outlook for the Indian IT services sector is stable on the back of its strong liquidity position. However, the revenue growth may decline from a slowdown in the demand for IT services because of uncertainty regarding economic growth in the key markets of US and eurozone.

Employee hiring increased in 2011 in anticipation of improving demand in the sector, resulting in higher wage costs; and thus negatively impacted EBIDTA margins for the nine-month period ended December 2011. The moderation in revenue growth is likely to exert further margin pressures. The depreciating Indian rupee, which lost around 15% of its value against the US dollar during January-December 2011, is likely to provide some relief to the margins over the short-term as about 60% of Indian IT export contracts are USD-denominated. However, over the medium-term, some of the advantage may erode due to the increasing competition.

Fitch believes that the liquidity of the Indian IT services companies would remain comfortable in 2012, backed by their high cash balances, low debt levels and positive free cash flows from the recurring and critical nature of IT services. However, demand contraction due to a double-dip recession and /or any increase in M&A activity, large dividend payouts, share buybacks and/or an expansion in receivables periods are the key risks to liquidity.

M&A activity is likely to continue in 2012, with Indian IT services companies focusing on acquiring targets in specific industry verticals and geographies. The possibility of large-scale acquisitions, which either drain liquidity substantially or increase leverage, continues to be a credit concern.

The outlook could be revised to negative if there is a sustained decline in EBIDTA margins, leading to a reduction in liquidity. Factors that are likely to negatively impact EBIDTA margins are demand slowdown and /or increased competition, leading to price reductions. The ratings of individual companies could be adversely affected by event risks such as acquisitions and shareholder-friendly actions which would either drain liquidity or result in a material increase in debt levels. Any adverse change in the proportion of offshoring/outsourcing revenues due to regulatory developments could also affect the sector negatively.

Source:http://economictimes.indiatimes.com/tech/ites/outlook-stable-for-indian-it-services-sector-in-2012-fitch/articleshow/11737877.cms