Wish you all a very Happy New Year 2007 !
IT Business updates
IT & Business Out sourcing continues to boom and the Leading Indian IT companies have been making record sales based on the research info reliable sources.
TCS became the first Indian service provider to book $1 billion in revenue in a single quarter company and its third-quarter revenue for the period ended Dec. 31 and it increased by over 40% year-over-year, to $1.1 billion.
Infosys continues to ride the outsourcing boom and posted a 47% increase in third quarter revenue and a 50% increase for the period ending Dec. 31, revenue was $821 million and also adding new customers and more than 6,000 employees during the period.
Satyam's third quarter revenues increased by over 30% year-over-year and its sales grew to $375 million and added over 2000 years.
Wipro posted revenue of close to $900 million for the period ended Dec. 31 a sales increase of over 40% from the previous year.
Kimberly-Clark, HQ in Atlanta and with Manf & IT in WI, has decided to outsource its SAP business software applications, including supply chain and planning, to Cognizant Technology Solutions who operates primarily from India.
Technology updates
Salesforce.com is working on a new on-demand platform based on Apex language for constructing on-demand applications inside of its AppExchange system for the On demand apps using data models, workflow engine, user interface, Apex Web services, Mashups and integration.
Sun Microsystems is releasing Fortress,a secure programming language and will be available as an open-source programming language to runs on the JVM.
