TPSA Service 50 Q3 2008 Results Surprisingly Strong
Oracle Tops List of Quarterly Performance Analysis of Fifty Most Influential Solution Providers
(EMAILWIRE.COM, December 06, 2008 ) SAN DIEGO, December 5, 2008 – The Technology Professional Services Association (TPSA) today announced results of its quarterly aggregation of the financial performance of The Service 50, fifty of the most influential technology solution providers in the marketplace.
Every quarter, TPSA analyzes the public financial data of these companies to understand trends and performance in the technology services industry. TPSA identifies the highest performing service businesses based on several factors, including margin efficiency, a measure of the ability of companies to convert service margin dollars to operating income. Based on this analysis of multiple factors, the top five performing companies in The Service 50 for the third quarter of 2008 were:
1. Oracle
2. TCS (Tata)
3. Infosys
4. Cisco
5. Satyam
In general, technology service providers fared remarkably well in Q3 2008. Margins increased four percent for pure services companies. In addition, average operating income was up three percent year-over-year across all service sectors. "Despite the beginning of a global downturn, companies in the Service 50 performed very well in Q3, especially the product oriented companies such as Cisco and Oracle. On average, the service businesses for product companies are performing better than they did one year ago. This fact will be critical if product sales slow this coming year." said Thomas Lah, executive director of TPSA and author of the Service Visions blog.
About TPSA
The Technology Professional Services Association (TPSA) is the first and only organization for executives who create, produce, deliver, manage, measure, and optimize technology services in the world’s leading corporations. Member companies represent a diverse group of market segments including hardware and software products, systems integration, on-demand hosted applications, and value-added solutions. More information on TPSA can be found at www.tpsaonline.com.
Every quarter, TPSA analyzes the public financial data of these companies to understand trends and performance in the technology services industry. TPSA identifies the highest performing service businesses based on several factors, including margin efficiency, a measure of the ability of companies to convert service margin dollars to operating income. Based on this analysis of multiple factors, the top five performing companies in The Service 50 for the third quarter of 2008 were:
1. Oracle
2. TCS (Tata)
3. Infosys
4. Cisco
5. Satyam
In general, technology service providers fared remarkably well in Q3 2008. Margins increased four percent for pure services companies. In addition, average operating income was up three percent year-over-year across all service sectors. "Despite the beginning of a global downturn, companies in the Service 50 performed very well in Q3, especially the product oriented companies such as Cisco and Oracle. On average, the service businesses for product companies are performing better than they did one year ago. This fact will be critical if product sales slow this coming year." said Thomas Lah, executive director of TPSA and author of the Service Visions blog.
About TPSA
The Technology Professional Services Association (TPSA) is the first and only organization for executives who create, produce, deliver, manage, measure, and optimize technology services in the world’s leading corporations. Member companies represent a diverse group of market segments including hardware and software products, systems integration, on-demand hosted applications, and value-added solutions. More information on TPSA can be found at www.tpsaonline.com.
Contact Information:
Association for Service Management Inter
Diane Brundage
Tel: 408-673-3054
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
Association for Service Management Inter
Diane Brundage
Tel: 408-673-3054
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
|
Private Equity, Angel Investing
Equity Alliance / Private Equity, Angel Investing, / IPO, Venture Capital & IR services / Equity Alliance International Equityallianceir.com Penny Stocks to Watch Sign up for hot penny stock picks Gains of 500%+ possible! Premiumstockpicks.com/landing/ Your text Ads & PR Text Ads plus unlimited press releases, One release featured/Day for only $575 per month. Read more on Text Ads & PR Your text Ads Here! Text Ads are only $289 per month. Ads are placed same day. More on Text Ads Advertising |