Tcs
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@11f1KNcT-4eha your note was too long to keep my interest at this time of day but if you called Mickey flying pig, I second it and will drink to it. Cheers mate.
Some people are SOOO stupid its beyond belief.
Do these people have any understanding how a contract works?
So an account is serviced by onshore and offshore staff, except the offshore staff suddenly get sold to another company but onshore are still binded to the host/parent company, So the account now becomes split in two, with two different companies supporting the same infrastructure, application etc etc.
When a deal is signed, its signed with one company, if the client wanted to sell a deal to TCS they would have, but they chose DXC. If this were to happen, ALL of the contracts which have a dual model will be immediately void. The only thing that may work in DXC's favour is IF they could prove that this would yield a significant cost saving for the client and they agree.
DXC has done this for Networks with AT&T, and for the most part AT&T still sit in the same DXC buildings even after 3-4 years of this 'change'. Networks was also a small division and its still not rolled out globally. Now OP is saying the whole of India is moving to TCS, err how big is the DXC legal team?. Oh and i saw Mickey riding a flying pig on my way into the office today.
Why would TCS DXC India. DXC india is just people. They can get them for less than 1/2 the cost when DXC RIFF's them all. They will be desperate to have a job.
Cannot see DXC offloading 30K-40K staff in India unless they were to also unload all their traditional ITO business, otherwise they would have a real mess to unpick.
If they did unload all their traditional business as part of the transaction, there would need to be some "strategic" relationship with TCS otherwise how would they have anyone to talk to about their "digital" transformation capabilities? and why would TCS want DXC to go for the "digital" business when they could do that themselves?
TCS are doing just fine taking the business off DXC without having to buy them - as the earlier posts show regarding revenue changes in the past 2 years alone.
How do I know because there was insider trading the week before the CEO announcement look at how the stock went up for 5 days
How do I know because my girlfriend works at Tysons corner
How do I know because my friends from TCS saw the DXC executives together
How do I know someone from TCS told me although I think it's a rumor
how do I know what do you think Mackenzie is telling them what to do you either need to acquire fire or sell
How do I know because Mikey said they had 200 no 300 top clients he said that on the conference call
how do I know because s David said that they would hire 10,000 people in India
How do I know because the cloud group and the on-premise group has been split
How do I know because HCL bought the the software group from IBM
How do I know because CSC and HCL spoke of an acquisition of HCL India
How do I know what would you do
please explain recurring non-recurring revenue to me I presume this is something that Mikey said
Source?
Though, it wouldn't surprise me.
DXC was in third place behind IBM and accenture as the worlds leading IT company when it set up in April 2017. At that point DXC had $25.39 billion in revenue and TCS had only $17.57 billion. Whereas DXC continued on a course of restrucuring and divesting its business, such as selling off its Public sector for £2.8B and then suffiering revenue declines of $4billion.
Fast forward 2 years and DXC has dropped to 4th place having suffered two years of revenue decline and no organic growth. In contract, TCS grew by $3.34 billion in incremental revenue on its organic growth and even had a smooth transition of CEO during the period.
Despite the decline, DXC continued to convince investors to see the bigger picture and pipeline and yet kept announcing new and unexpected cost impacts in its infamous ''recurring non-recurring' expense briefings. DXC's operating margin fell to14% last year whilst TCS rose to 25.6% overtaking DXC to claim third place in the world's leading IT service provider league table.
Given that there is a high risk that DXC will fail to improve revenue and fail to nurture organic growth in the region, then it would make far more sense for Indian staff and capabilities to augment TCS' growth agenda than to continue with DXC on its ongoing plan to jettison people. It also makes more sense for the Indian economy given that all the American corporates are now shedding Indian jobs for policial and economic reasons.
Maybe its the start of 'India first'?