« New Business | Main | Advertising Information »

November 03, 2005

Top Stories

CONVERGYS SIGNS BILLION DOLLAR HR DEAL WITH DUPONT...DuPont and Convergys Corporation have signed a contract under which Convergys will provide comprehensive Human Resources (HR) transactional services to DuPont’s 60,000 employees and 102,000 retirees in 70 countries and 30 languages around the world. Convergys expects this contract to generate revenues in excess of $1.1 billion over its thirteen-year duration.

FISERVE BUY INSURANCE SERVICES FIRM...Fiserv, Inc. has acquired Xcipio, Inc., a Web-based insurance rating and automation solution provider, as part of its plan to expand its technological footprint in the insurance industry.

COGNIZANT REPORTS RECORD QUARTER...Cognizant Technology Solutions Corporation announced third quarter revenue increased to $235.5 million, up 52% from the year-ago quarter. Net income increased to $40.6 million, up 56% from the year-ago quarter. Diluted quarterly EPS of $0.28 compared to $0.18 in the year-ago quarter.

EDS REPORTS IMPROVEMENT...EDS reported third quarter net income of $8 million, or 2 cents on a per share basis, versus a net loss of $153 million, or 30 cents per share, in last year's third quarter. The company also announced it has established an Office of the Chief Operating Officer (COO) to increase alignment and drive change throughout its business operations.

SINGAPORE FOCUSES ON HIGH END IT SERVICES...Ranked by the US Department of Commerce as the second fastest growing hub for outsourcing among US businesses, Singapore is focusing on developing itself as a hub for high-end BPO and offshore activities. with more companies using different offshore locations for outsourcing needs according to each location's strengths (multisourcing), Singapore has seen rising demand as a regional location for the storage, processing and distribution of high-end data and related IT services.

OUTSOURCING EXCELLENCE AWARDS EXTENSION! ...We’ve extended the deadline for the 2006 Awards, so you still have time to get your nominations in. Go to www.outsourcing-awards.com and download the nomination form. Deadline for entries is November 14th. Don't miss this opportunity to be recognized as the best of the best in the outsourcing industry in this "Oscars of Outsourcing!"

Posted by jbowles at November 3, 2005 07:00 AM