Akka surprised investors with a CC/CS revenue growth slowdown in Q2 2019: revenues were up 5.1% yoy at CC (vs. 6.6% in Q1). Utilization declined by 50 bps yoy, and attrition (excluding PDS Tech) was up by a massive 530 bps, to 23.3%.
Cognizant has been making more headlines in ER&D services, recently. Last month, we had mentioned its software product engineering services (PES) contract with PLM vendor AVEVA. This week, we are looking into Cognizant’s planned acquisition of Zenith Technologies. Zenith
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Last week, KPIT Technologies, returned to India’s BSE and NSE. The company now has a market cap of approximately USD 410m with its share was introduced at a price of INR 99 and traded in the past few days between INR 103 and INR 115. KPIT has succeeded in its IPO and is now an ER&D service pure-play having sold its IT services business to Birlasoft.
We are now entering the season for Q1 earnings, and as always we will look into changes in major trends. The state of the automotive industry will be an area we will be closely monitoring.
ERDservices.org has been operating for now more than two years, commenting on the main events in the industry. We are trying to go a bit beyond the surface and bring some level of analysis and insights.
The revenue growth of HCL Tech’s ERS unit continued to be high in Q3 FY19 to 17.4% yoy at CC. Revenues well above the half-billion threshold, to USD 562m, comforting HCL Tech as the third largest ER&D service vendor globally.
British ER&D service vendor Ricardo provided a “trading update” that suggested a soft performance in H1FY19, the period ending December 31, 2018.
We learned a bit more about the rationale of this USD 1.8bn deal under which HCL Tech is acquiring seven software products from IBM. A diversified scope with mature and high-growth potential products HCL is acquiring products with high
HCL Tech provided additional light on its recently-announced acquisition of seven IBM software product for $1.8bn. What is the scope of the deal? HCL Tech is buying seven products, of which two are new (Commerce and Connections), and five
About one year, I wrote a blog signaling that the automotive market had reached the peak of its cycle and that, sooner than later, automotive OEMs would reduce their R&D and ER&D spending. I also said that, because Europe’s