Does Infosys results signals the cloudburst before the deluge for Indian IT Industry ?
Last week I was in Bangalore at Electronic city and outside the venerable Infy campus and there was hardly any activity outside the campus, I remember the same Infy campus entrance a few years ago which used to bustle like a fish market.
At the airport as I moved up the escalator I saw this advertisement positioned in a way that one could not miss it , see the picture below
Today the Infy results were out and the domino affect was not only Infy stock prices but all IT stocks which has brought gloom in the market.
I remember this article written more then a year ago by Arun Mysore and I applaud him for getting it right.
"Noted Indian offshore vendor Infosys released its annual results this week. In the last fiscal year 39% of its revenue came from application development and maintenance, 26% from consulting and package implementation, 7.2% from system integration and 7.2% from infrastructure management.
The key question before vendors like Infosys is what would happen to these revenue streams when cloud transforms the traditional ways of setting up IT infrastructure and running apps."
You can read the full article by clicking on the link below :
http://jaxenter.com/how-exactly-will-cloud-impact-outsourcing-10936.html
Maybe we must now ask the Indian IT companies to share their cloud computing strategy and their projected revenue numbers from cloud related work in their guidance.
Indian Companies which adopt the cloud will be around in the next five years, the others will be absorbed by the winners at throwaway prices for their ready to use campus and resources.
Today's Infosys results signals the cloudburst before the deluge in sinking the once poster boy Indian IT industry.
At the airport as I moved up the escalator I saw this advertisement positioned in a way that one could not miss it , see the picture below
Today the Infy results were out and the domino affect was not only Infy stock prices but all IT stocks which has brought gloom in the market.
I remember this article written more then a year ago by Arun Mysore and I applaud him for getting it right.
"Noted Indian offshore vendor Infosys released its annual results this week. In the last fiscal year 39% of its revenue came from application development and maintenance, 26% from consulting and package implementation, 7.2% from system integration and 7.2% from infrastructure management.
The key question before vendors like Infosys is what would happen to these revenue streams when cloud transforms the traditional ways of setting up IT infrastructure and running apps."
You can read the full article by clicking on the link below :
http://jaxenter.com/how-exactly-will-cloud-impact-outsourcing-10936.html
Maybe we must now ask the Indian IT companies to share their cloud computing strategy and their projected revenue numbers from cloud related work in their guidance.
Indian Companies which adopt the cloud will be around in the next five years, the others will be absorbed by the winners at throwaway prices for their ready to use campus and resources.
Today's Infosys results signals the cloudburst before the deluge in sinking the once poster boy Indian IT industry.