India: Satyam clients likely to re-evaluate contracts.Byline: Mamta03 Around six to eight strategic clients of Hyderabad-headquartered IT services major Satyam Computer Services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. Get Quote are understood to be thinking of re-evaluating their contracts as they are 'no longer satisfied with the intent and focus of the company.' IT outsourcing contracts of over $200 million (around Rs 960 crore n. 1. Ten millions; as, a crore of rupees (which is nearly $5,000,000) s>. Noun 1. crore - the number that is represented as a one followed by 7 zeros; ten million ) is up for renewal. Some of the major clients who have long-term strategic relationship with Satyam include Unilever, Nestle Get Quote , DuPont, Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , GE, Sony and Applied Materials Applied Materials, Inc. NASDAQ: AMAT (HKSE: 4336 ) is the global leader in nanomanufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel solar displays, solar . The current move by Satyam could trigger a possible review of their relationships with the company. "It's not just the investors, but also Satyam's clients who have not reacted positively to its move to get into the infrastructure and real estate business. They are questioning the long-term intent of the company in terms of supporting clients' requirement in the IT and BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra sector. Even though the acquisitions of the two companies have been called off, some of them are of the opinion that the intent of the management is under question," highly-placed sources familiar with the development told Business Standard. Copyright : Euclid Infotech Pvt. Ltd. Provided by Syndigate.info an Albawaba.com company |
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