Infy, Cognizant & UST Global grab Walmart $600m deal
Source: #-Link-Snipped-#
Walmart Stores Inc, the world's largest retailer, has picked three IT vendors including India's Infosys Technologies for multi-year cont
racts worth over $600 million, the Business Standard said on Friday.
The other vendors are Cognizant Solutions and UST Global, the newspaper said, citing an unidentified source close to the development.
Initially the three vendors are expected to earn Rs 2.5 billion to Rs 3 billion ($54 million-$65 million) each annually, which will rise as Wal-Mart increases outsourcing more work.
Infosys and Cognizant, which will provide application development
and support, are expected to get a larger share of the contract, the paper said. UST will be responsible for testing these applications, it said.
"What is more important is that these three vendors have now got a ticket to be in the club of Walmart's list of preferred vendors which will help them in growing this account in the long run," the paper quoted the source as saying.
"We do not comment on market speculation," a spokeswoman for Infosys told Reuters. Walmart's media relations director, John Simley, said in am emailed reply to the paper, "We have a large and growing business and productive relationship
with many Indian companies. We do not comment on speculations about the nature of any business relationship."
A Cognizant spokesman also declined to comment, the paper said.
Walmart Stores Inc, the world's largest retailer, has picked three IT vendors including India's Infosys Technologies for multi-year cont
racts worth over $600 million, the Business Standard said on Friday.
The other vendors are Cognizant Solutions and UST Global, the newspaper said, citing an unidentified source close to the development.
Initially the three vendors are expected to earn Rs 2.5 billion to Rs 3 billion ($54 million-$65 million) each annually, which will rise as Wal-Mart increases outsourcing more work.
Infosys and Cognizant, which will provide application development
and support, are expected to get a larger share of the contract, the paper said. UST will be responsible for testing these applications, it said.
"What is more important is that these three vendors have now got a ticket to be in the club of Walmart's list of preferred vendors which will help them in growing this account in the long run," the paper quoted the source as saying.
"We do not comment on market speculation," a spokeswoman for Infosys told Reuters. Walmart's media relations director, John Simley, said in am emailed reply to the paper, "We have a large and growing business and productive relationship
with many Indian companies. We do not comment on speculations about the nature of any business relationship."
A Cognizant spokesman also declined to comment, the paper said.
Replies
You are reading an archived discussion.
Related Posts
Sir / madam,
My question is
The width in bits of double primitive type in Java is --. Select the one correct answer.
a. The width of double is platform...
well i understand that there are these following ways:
1.reverse thrust (reversing the propeller to forward thrust)
2.Second, drag (or friction) from the water.
The problem with these braking system...
I'm curious, what do you think are the positive and negative points of them? Which would you prefer in then end?
From what I gather, 8 hour shifts are not...
The DNS or the Domain Name System is like the switchboard operator that takes easy-to-remember Web address - such as Google.com and links them to their more complex IP addresses...
I want to create table sales_master and I have already table customer see below but why it give me error see:
/
Name Null? Type
----------------------------------------- -------- ----------------------------
CUST_ID NOT...