More interestingly, Wipro snuck in to the top ten in December. This is no doubt in part due to its announcement of a strategic partnership with ITV to develop a platform for automating the slotting of advertisements through a robust optimisation engine. Moreover, Forrester named Wipro as having the strongest IMS offering amongst offshore firms. This month Wipro has performed very well in the Lighthouse Services Index securing ninth spot, a feat it hasn’t equalled since last September. Cognizant has also had a good month. It rose up four places as has Verisign which is new to the top 25.
The biggest riser this month without doubt is Xansa. Its half yearly results were very positive. Pre-tax profits were up, underlying operating profit was up and Xansa maintained a 100% contract renewal and also acquired some major new clients such as the BBC. Interestingly, as government becomes more open to offshoring, Xansa has opened more facilities in India. This in no small measure helped Xansa win sizeable public sector contracts, such as the recently expanded joint venture with the UK’s Department of Health to deliver finance and accounting services to some 113 NHS Trusts. Xansa has raised its share of voice eight places this month.
Down this month are T-Systems and CGI Group. Equant has fallen off the top 25 list, reflecting the rebranding of that business as Orange Business Services.
If you wish to be sent the top 25 firms in Services Index each month, email us at analysts at lighthousear dot com. You can also read how we do our Analyst Index rankings.