Infosys moves to third position in the Lighthouse Services Index

Infosys is the most notable gainer as it has moved up 3 positions and is now at the third spot. The firm has beaten forecasts by announcing a greater than anticipated profit and is set to be one of the biggest recruiters of talent in India this financial year.

Cognizant is another notable gainer with an improvement of 5 positions. The firm has been selected by Merck & Co. as a strategic partner in a multi-year, multi-million dollar engagement. Convergys which announced 2008 guidance and predicts record revenues has also gained 5 spots and is now ranked at 18th spot.

The entrants to the top 25 this month are Patni (+9), Dimension Data (+3) and Fujitsu Services (+2). Patni is incidentally also the the biggest positive gainer this month and is now ranked at 21st position. The firm’s profile has witnessed a boost as it has entered into a relationship with Trillium Software and won the Golden Peacock Award.

Unisys which had managed to get to the 2nd spot last month has slipped down this month to the 6th spot. The company, which just announced a relocation of its headquarters, has failed to keep analysts focused on itself this month. It would be interesting to see if the recent news of MMI Investments LP (third largest shareholder of Unisys) pressuring Unisys to spin-off its government business helps bring Unisys back up in the ratings next month. After a spike last month, both Siemens Business Services and Orange Business Services are the biggest losers this month with loss of 8 positions. The loss effectively nullifies any gain that these two firms made last month and also puts them out of the top 25 firms. Since SBS has rebranded, part of the fall will reflect the transition between names. SAIC has also lost 3 spots and dropped out of the top 25.

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Duncan Chapple