Posts tagged "PADA"

Future of TCS PADA Deal Remains Uncertain

TCS (NSE:TCS) CEO N. Chandrasekaran sounded optimistic when he said during an interview that TCS had not seen an impact from the Europe debt crisis among its clients. Particularly since the company’s multi-million dollar UK outsourcing contract with PADA appears to have been in jeopardy for quite some time. On the second of July, N. Chandrasekaran was quoted saying that, “Overall, from an economy overview, we have not seen any impact of the current European situation on any of our clients.” A report late last week from Ovum however, indicated that budget cuts by the current UK government will likely […]

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UK Government Outsourcing Contracts Fear Sword of Damocles Overhead

Following the UK elections and subsequently, the naming of the country’s new Prime Minister David Cameron and Chancellor George Osborne has pushed government outsourcing contracts in limbo, as companies anticipate the stance the new government will enforce. When the news broke out on the 17th of May that the new UK government would be splitting large outsourcing orders into smaller deals in order to cut government spending by as much as 9 billion this year, it was Indian company Tata Consultancy Services (NSE:TCS), who suffered negative feedback as its stock fell as much as 2.6%. TCS currently has a £600 […]

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