Posts Tagged ‘Computing’

Software vendors HCL, CSC form alliance to boost presence in cloud computing, application services

January 17th, 2014

India’s fourth largest software firm HCL Technologies has formed an alliance with United States based Computer Sciences Corporation to bolster their presence in the fast-growing cloud computing and application services market.

The alliance announced on Wednesday comes as software vendors are increasingly tapping into the enterprise infrastructure market as companies look to reduce costs by moving their traditional enterprise applications on to the cloud.

HCL and CSC are rivals in the technology services market, but through this alliance the two companies will take solutions jointly to their existing as well as new clients.

“It is a new market and many companies are going after. Together, we hope to get there more quickly,” said Mike Lawrie, chief executive officer of CSC.

Noida based HCL already has a strong presence in the infrastructure management segment, which contributed 33% to the company’s revenue in the September quarter. Lawrie said while HCL would leverage CSC technical expertise CSC would benefit from HCL’s large client base.

US-based telecommunications firm AT&T is their first client.

Anant Gupta, chief executive of HCL said the two companies will tap into financial services and telecom sector clients that are modernising their enterprise applications. HCL and CSC will share revenues and costs equally, and would use their existing development centers in Bangalore and Chennai to develop solutions, he said.

Gupta said the companies are currently shortlisting a senior executive who will head this alliance.

HCL is expected to announce its second quarter financial results on Thursday. The company’s stock ended at Rs 1,335, up 0.97% on the Bombay Stock Exchange, ahead of the announcement.

Source:http://articles.economictimes.indiatimes.com/2014-01-15/news/46224728_1_hcl-technologies-cloud-computing-csc

Cloud Computing Market Revenue to Approach $20 Billion by End of 2016 According to New 451 Research Study

August 20th, 2013

Market Monitor, a service of 451 Research, projects that Cloud market revenue will increase at a 36% compound annual growth rate (CAGR), putting the cloud computing market just shy of $20 billion at the end of 2016.

The recently published Cloud as-a-Service overview report provides current market size and five-year growth rates for the infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) and infrastructure software-as-a-service (SaaS) segments; a competitive landscape analysis for each category; and forecasts for revenue generated by 309 cloud-services providers and technology vendors across 14 sectors.

Leveraging 451 Research’s deep insight into established cloud vendors and startups, Market Monitor employs a pure bottom-up approach, with active participation from sector analysts. The resulting forecast incorporates the unique traits, strengths and weaknesses of each market participant, and when used with in-depth qualitative research from 451 Research, Market Monitor provides a deep, holistic view of the cloud computing marketplace.

“Cloud computing is on the upswing and demand for public cloud services remains strong,” stated Yulitza Peraza, Analyst, Quantitative Services, 451 Research and coauthor of the report. “However, public cloud adoption continues to face hurdles including security concerns, transparency and trust issues, workload readiness and internal non-IT-related organizational issues.”

Additional report highlights include:

IaaS accounted for the majority of total market revenue in 2012, with more than half of the total public cloud market share, and a 37% CAGR through 2016.

The PaaS layer accounted for nearly a quarter (24%) of the total public cloud revenue in 2012, and will experience the fastest growth – a projected CAGR of 41% between 2012 and 2016.

The infrastructure SaaS sector, which does not include enterprise SaaS revenue, represented 25% of total cloud revenue in 2012 and is expected to generate a 29% CAGR through 2016.

Publicly traded companies comprise 23% of the cloud vendors tracked, and generate 78% of the total revenue. The majority of vendors are still below the $5 million revenue threshold; vendors that constitute the cloud ‘midmarket’ (between $5 million and $50 million in revenue) accounted for 25% of total revenue in 2012.

Only a dozen vendors generated more than $75 million each in revenue in 2012.

83% of all services provider generated $15 million or less each in 2012 revenue.

“Several vendors currently included in the cloud ‘midmarket’ are titans in their core IT sectors,” said Greg Zwakman, Research Director, Quantitative Services, 451 Research. “It is still early days for the cloud divisions at these vendors, and running the same revenue distribution analysis against our 2016 forecasts paints a different picture.”

Source:http://www.heraldonline.com/2013/08/20/5130129/cloud-computing-market-revenue.html

Newgen Software targets $52 million revenue; focus on cloud computing, US market

August 12th, 2013

Newgen Software is looking at 30 per cent rise in revenues to $ 52 million this fiscal with greater focus on cloud computing technologies for enterprise solutions and aggressive thrust in the US market.

The Delhi-based firm, which provides software solutions for Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM) among others, had posted revenues of USD 40 million in the 2012-13 fiscal.

“We are looking at revenues to the tune of USD 52 million this fiscal. To achieve this target, we will focus on leveraging cloud technologies ECM, BPM, CCM solutions,” Newgen Software Technologies MD Diwakar Nigam told PTI.

In the past two years, the firm has expanded American operations and its sales revenue percentage from the US has doubled, said Nigam, who is also one of the founder-members of the IT-ITeS industry body Nasscom.

Geography-wise, the company’s major revenue earner is India and Asia Pacific (APAC) followed by Europe, Middle East & Africa and the US.

“We see this growth in the US to continue for the next 3 years. Going forward, we are planning to further expand our reach in North America, with particular focus on healthcare, shared service centres, government apart from BFSI,” he said.

Newgen has also signed about 90 new partners, across respective geographies or verticals, in 28 countries.

“We plan to further expand the network of partners for specific verticals and geographies to over 50 in the next 5 years,” Nigam said.

Expanding relationships with existing partners where dedicated teams have been established for implementing and supporting offerings, the firm plans to grow these teams by 20 per cent annually for next 3 years, he added.

To add values to its service offerings, the company is also investing in its research and development activities.

“With a continuous focus on innovation, about 12-15 per cent of our revenues are spent on R&D. We have recently launched our Intelligent Business Process Management Suite – iBPS,” Nigam said.

That apart, the firm has invested in R&D for social media adaptors to enable context sensitive campaigns, among others, he added.

Source:http://economictimes.indiatimes.com/tech/software/newgen-software-targets-52-million-revenue-focus-on-cloud-computing-us-market/articleshow/21756967.cms

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