Competition grows for global offshoring
India and China will be the main winners from an increase in offshoring but Eastern Europe is also set to benefit, according to a report.
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Barclays hires EDS, Xerox for services
EDS and Xerox Corporation have signed a $40 million contract with Barclays Plc.
Serco buys connections in UK, US
Serco, the contract and facilities management group, has expanded its specialized IT operations across the UK and North America with two acquisitions, a departure from its policy of organic growth. Serco has acquired ITNet, the British IT services company, for £235m and Resource Consultants, Inc.
Outsourcing, consulting pace Accenture
Accenture reported a double-digit overall growth for the first quarter of fiscal 2005 helped by a 14 percent increase in consultancy business.
CSC nears $1.6 billion deal with General Dynamics
Computer Sciences Corporation has signed a memorandum of understanding to extend CSC's information technology (IT) outsourcing contracts with General Dynamics business units for a period of 7.25 years.
Turnover, salaries cut into Wipro profits
Indian software company Wipro saw its business grow but some of the gains were wiped out by a huge staff turnover in its outsourcing arm.
EDS makes an outsourcing push
The company announced the acquisition of the HR outsourcing firm and the restructuring of its outsourcing division.
Europe overtakes U.S. in outsourcing
Europe has overtaken the United States as the world’s leading market for new outsourcing contracts.
Consultants upset with year-end bonuses
Bonuses at consulting firms rebounded in 2004, but not nearly enough to stop retention from becoming a major headache in 2005. A staggering 53 percent of all consultants appear dissatisfied with their year-end bonuses, a worrying statistic for all those HR departments that have made retention a key goal for 2005.
Investor AM: Your write-off or mine?
Cisco Systems is in the running for partner of the year. Instead of leaving its outsourcing partners with tons of excess inventory for another quarter, the networking giant stepped up to the plate and said it will take a huge $2.