As we enter the years last week,it is worthwhile to review how the year is going to be for various big T&M companies.Although different companies have different fiscal years ranging from October to March,we can get some idea how the industry overall is tending.Particularly the trend post 2008 is very significant as the industry overall went down.Also the year 2011-12 was tough due to turmoil in the Communications Services industry (service providers in particular) and resultant pushbacks on purchases.Off course,there look to be some sort of greenshoots,as the policy related terms are better.
Let us be optimistic for the next year ahead. We find the leader of the industry looked to have had a tepid last year,and around 60 M $ clocking of revenue. There is some growth in the business of the second ranked player,but increment of 2 to 3 percent is hardly big.Let us find how others (in 20M range) companies are doing? Their performances are also not enthralling!
So,overall we find the industry is still in the throes of recession of 2008 times.It is still to get on traction of new chapter of growth and in the meantime there are significant M&As in the industry which are putting its own impact on respective India operations.Likewise the Defense related procurements have not met with complete closures.These deals may impact Jan-March 13 quarter and so the figures for FY13 may be significantly different than the trend so far.
Therefore we need to go a little deeper in the T&M industry.Some major indigeneous deals are also
going to close shortly. Let us watch closely that too.This will be our last post of 2012 and let us move into new year and smoothly and positivism should help ahead. Merry Christmas and happy new year!
Let us be optimistic for the next year ahead. We find the leader of the industry looked to have had a tepid last year,and around 60 M $ clocking of revenue. There is some growth in the business of the second ranked player,but increment of 2 to 3 percent is hardly big.Let us find how others (in 20M range) companies are doing? Their performances are also not enthralling!
So,overall we find the industry is still in the throes of recession of 2008 times.It is still to get on traction of new chapter of growth and in the meantime there are significant M&As in the industry which are putting its own impact on respective India operations.Likewise the Defense related procurements have not met with complete closures.These deals may impact Jan-March 13 quarter and so the figures for FY13 may be significantly different than the trend so far.
Therefore we need to go a little deeper in the T&M industry.Some major indigeneous deals are also
going to close shortly. Let us watch closely that too.This will be our last post of 2012 and let us move into new year and smoothly and positivism should help ahead. Merry Christmas and happy new year!
