SAP market improving, reports HCL Axon

by Editor 9/25/2009 4:07:00 PM
The demand for SAP services is growing stronger again, according to HCL Technologies' subsidiary HCL Axon. Axon president Steve Cardell tells CNBC-TV18, “In the SAP market, we have seen positive movement in financial services, retail and also some core entities like consumer and life sciences.”

Demand virtually disappeared in the first quarter, says Cardell, but things have definitely picked up again, especially in the SAP market. "What we have definitely seen in this quarter is many of those projects now come back into place. So it will take a little while for that to feed through into order book but we definitely see optimism in the market compared to the first quarter of this year.”

HCL Axon is looking to expand its IT consulting services by acquiring several specialized companies in different sectors in continental Europe and some of the emerging markets over the next two quarters. As Cardell tells Dow Jones Newswires, "We would be looking at acquiring companies which are working in financial services, enterprise reporting and life-sciences sectors." Axon is looking for acquisitions in the $50-100 million range.

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Consulting Times – September 2009

by Editor 9/15/2009 2:22:00 PM
The September issue of Consulting Times has been posted. This month's topics include:
  • Consulting: Why we love it and hate it
  • How to learn business development skills on the job
  • Decision time looming for disillusioned consultants?
  • BearingPoint's future: Growth is on the agenda
  • Britain's got talent, but time is running out to hire it
  • Recruiting for the future of management consultancy
  • Is the recession really over?

To read about these and more, please visit http://www.consulting-times.com.

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IT executives’ job satisfaction rises despite the crunch

by Editor 9/4/2009 12:32:00 AM
Chief information officers are more satisfied with their jobs in 2009 than they have been in recent years despite salary freezes and their companies cutting costs at every opportunity, according to a recent job satisfaction survey from ExecuNet.

ExecuNet polled 306 IT executives for the survey. 64 percent of them said they were satisfied with their jobs. This is an 11 percent increase over the previous year. For reference, in 2007, only 41 percent of the CIOs who responded to the survey said they were happy with their jobs.

Among the 64 percent executives who responded positively, primary reasons for job satisfaction were work they enjoy (13 percent), a good relationship with their bosses (12.5 percent), and a comfortable fit with their employers (10.2 percent).

The remaining 36 percent of CIOs who said that they were unhappy with their jobs cited limited advancement opportunities (14 percent), compensation (11.3 percent) and lack of challenge (10 percent) as their top reasons.

"People become happier with their jobs when the grass on the other side of the fence looks more like a mud flat," says Mark Anderson, ExecuNet's president and chief economist. "In 2008, as the economy started to turn [down], satisfaction started to rise."

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