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More good news
On Tuesday I wrote UK moves to growth. Yesterday, we had a raft of further news which rather supported the argument. Firstly, the outgoing Governor of the Bank of England gave his last Quarterly...
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Ordina feels pain of Cognizant divorce
Although this has arguably little or no direct relevance to the UK market, I think there is a lesson to be learned (should lessons still be needed) about 'Trojan horses'.Ordina used to fly high as the...
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SAP and its quest for continuing relevance
SAP is pumping out announcements at its Sapphire conference but its unified cloud strategy and SAP Fiori productivity applications are of particular note. Under the unified cloud strategy, SAP will...
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Xchanging exits Deutsche Bank JV (update)
Xchanging’s exit from Xchanging Transaction Bank (XTB) one of its founding joint venture enterprise partnerships (EPs) with Deutsche Bank (see Xchanging exits Deutsche Bank JV) is actually a sign of...
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Autodesk: demand still weak
The weak Q114 Autodesk forecast when it reported its end of year results has been realised with revenue at the bottom end of its own guidance as it saw weakness in performance across most of the...
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Dell, Cisco – a tale of two hardware vendors
They may prefer to call themselves 'IT solutions' suppliers, but when not one single question was raised about services on their results conference calls, you know how investors really look at Dell and...
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Mahindra Satyam turnaround 'practically complete'
Declaring the company's turnaround (or perhaps more aptly, resurrection) "symbolically and practically complete", Vineet Nayyar, chairman of Hyderabad-based Mahindra Satyam (MSat) signalled the start...
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Tribal orders drop
Following an impressive end to last year with profits ahead of expectations (see Tribal Group: technology key to services growth), Tribal Group has had a more muted start to 2013. Although it said...
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OffshoreViews Q1 2013
In the latest edition of TechMarketView OffshoreViews, we look at the issues raised by the proposed US immigration reform bill and the potential impact on the offshore services industry. We also give...
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Parity 'places' digital media cards on the table
As presaged a week ago (see here), IT recruitment firm-cum-digital media star Parity is to raise £7m gross in a share placing to finance future digital media acquisitions. Management also confirmed the...
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Will Tumblr make Yahoo 'cool'?
I was going to wait until the news was official, but there are already 448 news items announcing that Yahoo will today (according to 'reliable sources') buy Tumblr for $1.1b cash. Tumblr is a social...
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Capita wins O2, upgrades to 8% organic growth in FY13
Capita is revising upwards FY13 organic growth expectations after being selected by mobile operator O2 as preferred bidder on a £1.2bn ten-year customer management deal. O2 will become Capita’s second...
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Game on for Quixant!
Slightly outside of our 'space' but nonetheless worthy of note, UK-headquartered 'gaming platform' company Quixant launched on AIM today at a placing price of 46p, valuing the company at £30m. Quixant,...
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Shifting sands in the Indian IT sector
It's a big news day for three of the India-centric offshore services 'majors'. California-headquartered but India-centric IT services firm iGate has sacked CEO Phaneesh Murthy "as a result of an...
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Sighs of relief for Atos as it retains NS&I
We’re sure the sighs of relief must have been heard for miles around Triton Square when Atos got news that it had been successful in its bid to retain its longstanding BPO contract with National...
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Skyscape wins largest Cloudstore contract let to date
Skyscape Cloud Services has announced that it is the beneficiary of the largest contract let through the UK Government’s G-Cloud framework so far. The company has been selected by the Home Office to...
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Tumblr - NSFW
Thanks for the emails resulting from my quotes in Murad Ahmed's article in The Times today on the Yahoo/Tumblr acquisition (See - Will Tumblr make Yahoo 'cool'?). I didn’t realize my dancing was THAT...
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Big year for Tech Mahindra
Telco-focused India-based IT services player Tech Mahindra (TechM) closed its FY (to 31st March) with a 25% leap in Q4 revenues, to $353m, 7% higher than in Q3. It has to be said that the yoy 'comps'...
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Innovation Group nudges £100m in first half
After a recent spell of new contracts and extensions (see here and work back), The Innovation Group (TIG) has delivered another buoyant performance in H113, albeit slower than this time last year....
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Outsourcery hoping to magic profits from AIM listing
Manchester-headquartered, Microsoft-platformed, self-styled independent pure-play Cloud Service Provider, Outsourcery, is to list on AIM on Friday with a placing that will raise £12.7m gross and value...
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