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Submitted By: Parekh Khushbu Parmar Shilpa Pandya Chandni Shah Megha Joshi Zankhana Submitted To: Ms. Esha Pandya

1. Worldwide IT spending is forecast to total $3.8 trillion in 2012, a 3.7% increase from 2011, but below previous forecasts of 4.6% growth due to a challenging global economic situation. 2. The Indian IT firm TCS expects 2012 to be challenging due to the global economy, but the depreciation of the rupee may benefit software exporters. 3. The Chief Minister of Kerala promised new schemes to promote investment in the state's IT sector and attract international companies to overcome stagnation.

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49 views

Submitted By: Parekh Khushbu Parmar Shilpa Pandya Chandni Shah Megha Joshi Zankhana Submitted To: Ms. Esha Pandya

1. Worldwide IT spending is forecast to total $3.8 trillion in 2012, a 3.7% increase from 2011, but below previous forecasts of 4.6% growth due to a challenging global economic situation. 2. The Indian IT firm TCS expects 2012 to be challenging due to the global economy, but the depreciation of the rupee may benefit software exporters. 3. The Chief Minister of Kerala promised new schemes to promote investment in the state's IT sector and attract international companies to overcome stagnation.

Uploaded by

Khushbu Parekh
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Submitted

By:

Submitted To:

Parekh Khushbu Parmar Shilpa Pandya Chandni Shah Megha Joshi Zankhana

Ms. Esha Pandya

1. IT sectors to see slower spending growth in 2012

Worldwide IT spending is forecast to total $3.8 trillion in 2012, a 3.7 per cent increase from the previous calendar year, according to the latest outlook by technology researcher Gartner. In 2011, worldwide IT spending totaled $3.7 trillion, up 6.9 per cent from 2010 levels. Gartner has revised downward its outlook for 2012 global IT spending from its previous forecast of 4.6 per cent growth.

2. 2012 will be a challenging year of IT firms: TCS

The depreciation in rupee's value is likely to benefit software exporters, but the global macro economic situation will pose a challenge for the industry next year, a top official of IT giant TCS said on "This year has gone very well and better than what we expected.

3. Kerala: CM promises steps to promote IT sector


The State Government is committed to formulate new schemes to overcome the stagnant situation prevailing in the IT sector and to create an investment climate and attract prominent international companies to invest in Kerala, Chief Minister Oommen Chandy said.

Acquiring

company:

Ebay
Acquired

company:

Zong
Headquarters:

Ebay: San Jose, California, US Zong: Pakistan

Reason

EBay announced that it will acquire mobile payments provider Zong for $240 million in cash in an attempt to shore up its ability to process payments for digital goods.

Acquiring company: SAP Acquired company: Success Factors Headquarters: SAP: Walldorf,Germany,Euro pean Union Success Factors: San Mateo,California,USA

Reason:

SAP has announced plans to acquire cloud-based business software provider Success Factors the deal is worth $3.4billion. Factors provides online tools for managing employee performance, including performance management, setting goals and managing to them, setting compensation accordingly, and training

Success

Acquiring company: Concur Technologies Acquired company: Tripit Headquarters: Concur Technologies: Washington, USA, Redmond Tripit :SAN Francisco, USA Value: 130$ milion

To bring order to the chaos of travel for both managed and unmanaged travel, and make life. Better for business travelers. To drive Concurs continued growth across all segments, geographies and customers. It helps concur to better penetrate existing customer markets and segments. It expands the addressable market for our services by reaching a new class of travelers.

Previously unaddressed by corporate, managed travel solutions. Concur not only intends to fully support and continue Tripits offerings, we intend to accelerate. Innovation in this product category and expand the companys reach among more travelers and companies globally. Through the acquisition of Tripit, concur gains tremendous talent on both the technology and business side

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