February 04, 2009
Top Stories
ADP NET UP 3% FOR SECOND QUARTER...Automatic Data Processing Inc. reported a 3% gain in its fiscal second-quarter profit with net income of $300.5 million, or 59 cents a share, compared with $291.2 million, or 55 cents a share, for the year-earlier period. Revenue was $2.2 billion, up slightly from $2.15 billion in the same period last year. Fiscal year-to-date, ADP acquired 11.1 million shares of its stock for treasury at a cost of over $450 million.
ENDESA SIGNS MAJOR DEAL WITH IBM...ENDESA and IBM have signed a seven-year 360 million Euro agreement for IBM to manage all the infrastructure and information technology (IT) solutions that ENDESA uses in Spain and Latin America. The agreement will allow Endesa an estimated cost saving of 20%. IBM will implement a unified global IT model for all the countries to help capitalize on its global scale to enhance efficiency, reduce costs and intensify its investments in core IT initiatives; create an IT platform prepared to immediately support their worldwide growth strategy; reduce the energy consumption of its IT platform in Latin America by around 50% and increase its security levels.
PEROT SYSTEMS EXPANDS IN ROMANIA...Perot Systems Corporation announced its expansion in Bucharest. The company sees Romania as a high-technology hub and a critical part of its integrated global delivery capabilities in EMEA. Perot Systems first established its presence in Romania in 2005, as part of the company’s global network of delivery centers. Today, 70% of the work undertaken by the Romanian team supports US-based clients with 24-hour operations, and 30% of the services support EMEA clients.
Posted by jbowles at 06:19 PM
New Business
CSC has signed a five-year extension to provide business process outsourcing (BPO) services for Aspen Valley Hospital (AVH) located in Aspen, Colo. Financial terms were not disclosed. Under the new agreement, CSC will continue to provide business office support, including billing, accounts receivable and third-party claims reconciliation.
Top media company Rodale, which reaches more than 70 million people worldwide through multiple distribution channels including magazines, books, online, e-commerce, direct-to-consumer, and video, has signed a contract for Convergys’ industry-leading portfolio of customer care and relationship management solutions.
The U.S. Air Force has awarded CSC a task order to provide a comprehensive range of aviation maintenance and repair services for the U.S. Army's 101st Airborne Division at Fort Campbell, Ky. The task order has a one-year base period and a one-year option, bringing the estimated total two-year contract value to $80 million.
Posted by jbowles at 06:19 PM
International News
IBM has signed a five-year outsourcing agreement with Sony Ericsson regarding the management of Application Maintenance and Development of all of Sony Ericsson's SAP applications globally. IBM will leverage their global leadership in Application Management Services for the delivery of best-in-class solutions to support Sony Ericsson's operations and business improvement initiatives in an efficient and cost effective manner.
Unisys Corporation's Germany subsidiary has won a European-wide tender to continue managing and modernizing the information technology (IT) infrastructure for the Bavarian State Ministry of Justice and Consumer Protection (StMJV). The three-year outsourcing services agreement includes options for two additional yearly extensions. Unisys will replace existing PCs and printers with more powerful and state-of-the-art models and will provide services to improve the organization’s server and overall network efficiency.
Tata Consultancy Services has signed a $100 million agreement to provide a full range of managed IT services to 4uGroup, the holding company behind Phones 4u and other organisations in the UK telecommunication and financial services marketplaces. TCS will provide a full range of IT and business change services to 4u Group including: service management; application support, maintenance, management and development; data centre and desktop services; helpdesk; networks and communications; business support; and management of all third party contracts for the organisation's retail operations.
IBM has renewed a contract for integrated maintenance services with the Korea Exchange (KRX). IBM has been providing integrated maintenance services to KRX since December 2006. IBM is offering comprehensive maintenance and contract management services to KRX, ranging from system hardware, software, middleware, network, facilities and equipment. IBM provides KRX with integrated maintenance and management for system-related services that ensures a single point of contact to users and IT support departments.
Posted by jbowles at 06:18 PM
Advertising
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Posted by jbowles at 06:18 PM
