Printable Edition Click Here  :  Subscribe   :   Page  2  :    :  August 2005 
  Go to page:  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15           Previous Page      Next Page
Infosys first quarter profits jump by 37%
 
 Infosys Technologies
posted a 37-percent jump
in quarterly profits,
marginally missing its
forecast, but slightly
raised its guidance for
the rest of the year, as
it continues to add new
clients.
   Net income rose to
5.3 billion Indian
rupees ($121.8 million),
or 19.08 rupees a share,
in the three months
ended June 30, from 3.88
billion rupees, or 14.29		 
 rupees, a year earlier.
   Analysts were
expecting a profit of
5.4 billion rupees. In
April, Infosys forecast
a profit of 19.30 rupees
a share in the three
months ended June 30.
   Sales reached $476
million, a 42-percent
increase from last
year's corresponding
quarter.
   Infosys delivered
these results as it has
been trying to expand		 
 its business in Europe
and win more
higher-margin consulting
work to reduce
dependence on the US
market and counter
rising wage costs.
During the quarter the
company raised salaries
for workers in India to
stem defections to
international
competitors such as IBM
and Accenture, which are
expanding their Indian
workforces. "Infosys		 
 Consulting has been
commended by clients and
analysts as having the
right consulting
business model," said S.
Gopalakrishnan, Member
of the Board and COO.
"Clients have reported
that consulting projects
with Infosys Consulting
have delivered more than
the expected business
value."
   The company reports
that consulting revenues
for the quarter		 
 accounted for 4.2
percent of total
revenues, up from the
3.4 percent recorded in
the quarter ended June
30, 2004.
   Infosys forecast
earnings per share may
rise to as much as 86
rupees in the year
ending March 31. The
company expects sales to
rise to as much as 90.5
billion rupees.
   		 
 
Accenture to invest $100m in information management
 
 When the MBA was
invented there was never
a slot for managing the
corporate library.
   This sad department,
often located in the
basement, would consist
of rows of bookshelves
with vast numbers of
clumsily labelled
barrister boxes crammed
full of general memos
and research reports. As
a consequence consulting
firms had a strategy
practice, a
manufacturing practice
but never an information
management practice.
   However, with the
second wave .com boom
and the rise of Google
all this has changed.
There is money now in
managing information		 
  
   
 
 
 
 
 
 
 and content management,
across Accenture's
service lines and
industry groups.
   It’s hard to imagine
that there can be so
much work out there to
feed 5,000 consultants.
However information
management seems to have
moved on from the card
file index and is now a
set of processes by
which companies can
manage both structured
data and unstructured
content. According to
industry analyst
estimates, the market
for the full array of
these types of services
is growing at
approximately 9 percent
annually and is
estimated to exceed $27		 
 billion by 2007.
   The core parts of the
offer to clients are
business intelligence,
content management,
enterprise performance
management, and secure
information management.
Many of these offerings
are bundled into
industry-specific
solutions, such as
credit risk management
for financial services
firms, trading and risk
management for energy
companies, and revenue
optimization for the
government sector. The
tools Accenture has help
clients harness, view,
manage, analyze and
store data, text and
other information to
improve decision making,		 
 financial and
operational management
and customer service.
   "This investment will
enable Accenture to
extend its existing
information management
capabilities to provide
a broader set of
services and deliver
business value that is
superior to that
provided by competitive
offerings," said
Karl-Heinz Floether,
Accenture’s Group Chief
Executive, Technology
and Delivery. "We are
committed to being the
undisputed leader in
this market space."
   		 
 more effectively as
evidenced by the
decision of that mighty
source of corporate best
practice, Accenture to
invest $100m in its
Information Management
Services practice.
   According to the
firm, it has been very
busy stealing a lead on
its rivals. 5,000
Accenture consultants
around the world now
specialize in
information management
services, including
business intelligence		 
 
Aon goes for a McKinsey partner to head consulting division
 
 Aon Corporation has
found a new head for its
consulting division. It
has appointed Andrew M.
Appel, as chief
executive officer of Aon
Consulting Worldwide,
the company's human
capital and management
consulting operation.
   Appel was previously
a senior partner at
McKinsey in the firm's
Financial Services and
Technology practices. He
reached this position
rapidly, being only 40,
driven by his strong		 
 client acquisition
skills.
   As a star of the
McKinsey system, Appel
has the de rigeur top
academics. He graduated
magna cum laude in
economics from UCLA and
was also a Henry Ford II
scholar at Chicago where
he did his M.B.A. He
also was also a key
player in McKinsey's
Business Technology
Offices and a member of
McKinsey's Global
Technology and Operating
and Practice Committees.		 
  
   
 
 
 
 
 
 
 
 
 One of its great
strengths has been its
47,000 employees’ deep
understanding of risk
management delivered
through its global
office network of 500
offices. It will be a
true challenge for
Appel, to move from high
end management
consultancy at McKinsey
to running a business of
this scale.
   However CEO Greg Case
believes that Appel will
be up to the challenge.
He has said "In Andrew		 
 Appel, Aon and the Aon
Consulting management
team will find a proven
leader and team builder
with a track record for
building successful
consulting businesses.
Andrew has a passion for
serving his clients with
energy and creativity in
ways that mesh perfectly
with Aon Consulting's
client-first approach to
the business. I am
pleased to welcome him
to the company."
   		 
    In recent years, Aon
has used its leading
position as a provider
of risk management
services, insurance and
reinsurance brokerage to
build a leading position
in human capital and
management consulting.		 
  Consulting Times | Page 2 Previous Page     Next Page