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Friday 23 September 2022

Oh what a night!

TMVE 2022If you weren’t there you won’t know what you missed – but I’m going to tell you anyway!

It was our eighth Evening with TechMarketView, and the first live event after a two-year hiatus. And what a fantastic turnout – a full house of our clients, their clients and friends of TechMarketView.

There were engrossing presentations, interviews and panel sessions from our analysts and very special guests, Dr Andrew Rogoyski - Director of Innovation and Partnerships at the Surrey Institute for People-Centred AI, Melissa McBride - Co Founder & CEO and Metaverse Explorer at Sophia, and David Moran -Digital Strategy and Transformation lead at Arup Digital UK. Very special thanks to them for bringing their insight and experience to the proceedings.

And then on to a fine dinner, which turned into a lively networking event with guests catching up with each other – and making new contacts – late into the evening.

There are far too many people to thank for making the evening such a great success, both on-stage and behind the scenes, though I will extend a special thanks to the finest event managers we have ever worked with, TX2Events.

By the way – and this is open to all UKHotViews readers – do please let us know your views on the prospects for the UK tech market via this dead simple, four-question survey here. We’ll publish the results on UKHotViews very soon.

Posted by: Anthony Miller at 09:59

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Friday 23 September 2022

Thought Machine and Trade Ledger enhance commercial lending

Thought MachineCloud-native core banking specialist, Thought Machine has partnered with “Lending as a Service” startup, Trade Ledger, to provide an enhanced proposition for commercial lenders. Founded in 2016, the Trade Ledger platform was created with the goal of improving the efficiency of the SME / mid-size corporate lending process (see: Trade Ledger looks to streamline commercial lending).

Trade LedgerTrade Ledger’s technology aggregates and analyses data in order to provide banks and commercial lenders with the necessary information to make informed decisions about loans. The technology also accelerates lending, not only by providing a single source of truth, but also by automating key elements of the process.

API-driven data exchanged between the two companies will enable users of Thought Machine’s flagship core banking platform “Vault” to utilise Trade Ledger’s technology within their operations. By embedding data-driven commercial lending capabilities in this way, the partnership should help to facilitate superior decision making and faster disbursements by commercial lenders.

Thought Machine has established itself of one of the leading newcomers in the core banking space. Along with the likes of market leaders Temenos and FIS, cloud-native core offerings such as Vault are increasingly being adopted by both new and established financial services providers. The ability to improve speed to market, streamline operations and interface with an ecosystem of ancillary service providers are just some of the key benefits of the technology.

Posted by: Jon C Davies at 09:47

Tags: banking   Lending   Temenos  

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Friday 23 September 2022

Aquis continues to impress

AquisAquis Exchange PLC, the financial markets and technology specialist founded by Alasdair Haynes, has announced its latest interim results, highlighting strong revenue growth and some notable client wins. The financials for the period ended 30 June 2022 reveal that net revenue increased by 21% to £8.3m whilst pre-tax profit was £0.7m (down from £1m in H1 FY21) following some significant investments by the firm.

Membership of the Aquis Exchange (AQX) has continued to grow with the market now supporting 42 active members, however amid challenging conditions for trading, there was a small decline in average monthly usage. AQX now accounts for a 5.2% share of all pan-European trading.

Aquis Technologies secured a significant new multi-year contract during the first half of fiscal 22 and has also reported striking another similar deal during the early stages of H2 FY22. In another significant development for Aquis, the Group also successfully launched a new "dark" liquidity offering, Aquis Matching Pool (AMP), having acquired the relevant assets from UBS in April 2022.

Aquis has continued to grow its revenues, reflecting a healthy momentum fuelled by contributions from trading, technology sales and data revenues. The major technology licenses that Aquis has signed recently are particularly encouraging and demonstrate the increasing importance of the technology business to the overall group. Notwithstanding the straitened market conditions, Aquis currently looks to be on track for further growth.

Posted by: Jon C Davies at 09:08

Tags: financialmarkets   Aquis  

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Friday 23 September 2022

Crossword raises £3.6m to further fund growth

Crossword CybersecurityCrossword Cybersecurity Plc (AIM:CCS) has announced that it has completed an oversubscribed fundraising by Hybridan LLP of approximately £3.6m, through a placing of Crossword ordinary shares of 0.5p, each at a price of 21.7p per share.

The Company intends to apply proceeds from the placing of 16.76m Ordinary Shares from new and existing institutional shareholders to increase sales and marketing resource as well as fund product development, geographical expansion and for general working capital purposes. The placing price represents a 10% discount to the closing bid-price on 22 September 2022.

Under the terms of its investment, Gresham House Asset Management Limited, has agreed to invest £2m and which will hold 18.9% of the Company's issued ordinary share capital, and will have the right to nominate a Non-Executive Director to Crossword's Board, on condition that it holds at least 15% of the company’s shares.

Founded in 2014, Crossword focusses on developing and commercialising academic research-based cyber security projects. Its lead product, Rizikon, is a SaaS based cyber maturity and GDPR readiness platform with over 500 organisations on the books, and adopts a strategy of using memberships body’s such as Chartered Institute of Information Security and techUk to promote and distribute.

Crossword saw 2021 annual revenue grow 43% year on year to £2.3m in FY 2021, whilst losses after tax were flat at £2.3m. The company completed a £1.6m fundraise early in 2021 followed by a £5m raise in July 2021. The board remains confident in growing revenues by circa 75% to £4m in FY 2022 and 50% yoy in FY 2023 taking revenues to £6m.

Posted by: Simon Baxter at 09:02

Tags: funding   cybersecurity  

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Friday 23 September 2022

A strong Q4 closes out an impressive FY22 for Accenture

LogoIn line with the guidance provided in the company’s Q322 results announcement (see here), constant currency growth of 22.4% yoy generated fourth quarter revenues of £15.4bn at Accenture. This lifted sales for the twelve months ended 31st August to $61.6bn, both up by over a quarter compared to the prior fiscal year and with organic expansion accounting for more than 80% of the improvement.

FY22 also saw Accenture secure record levels of bookings. These hit $72bn and delivered a book-to-bill ratio of 1.2. Operating margin for the period remained largely unchanged yoy at 15.4% as the company continued to invest heavily in acquisitions ($3.4bn), industry solution development ($1.1bn) and training ($1.1bn).

Double-digit top line increases were achieved by all vertical sector, service line and geographic dimensions of Accenture’s business last fiscal. From an industry perspective, the company’s Product unit was the star of the show with turnover up by just shy of a third yoy. Sales of Accenture’s Technology services proved the most robust within the portfolio of offerings rising by 30% and, in terms of regional expansion, Europe led the way growing by 29% over FY21. The UK, Germany, Italy and France were cited as having delivered particularly strong years.

Despite the gathering trading headwinds, Accenture remains upbeat about its prospects for FY23 albeit its pace of expansion is projected to slow. First quarter constant currency revenue is expected to increase by between 10% to 14% yoy with full year sales anticipated to rise in the range of 8% to 11% (organic growth 5.5% to 8.5%). This more cautious view of the upward trajectory for demand mirrors our most recent assessment of the outlook for the  SITS market in this country (see here). We believe that this sector, while not immune to from the worsening state of the economy, will prove more resilient than many other parts of UK plc.

Posted by: Duncan Aitchison at 08:50

Tags: results   systemsintegration  

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Friday 23 September 2022

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Posted by: HotViews Editor at 00:00

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Thursday 22 September 2022

Cutover brings humans and machines together through Collaborative Automation

Cutover logoWe met the Cutover team earlier this year (see here) when looking at some of the practical tools available to organisations as they build resiliency. We caught up with them again to see how the business has been progressing. 

One aspect of the earlier discussion was that as well as addressing CXO agendas like operational resilience and helping accelerate the execution end of digital strategies through a focus on IT Operations and automation, there was a commitment to bring people and teams together from across businesses, and recognition and support for the value of human-machine collaboration. As serial disruptions impact economies and organisations, drive changing business and IT landscapes, the flexibility, efficiency and resilience gains from human-machine collaboration are becoming more pronounced. Cutover has evolved its proposition to focus on ‘Collaborative Automation’ which emphasises the need to connect humans (engineering and non-engineering), machines and automation. 

One of the core capabilities of Cutover’s API-rich execution platform and developer portal that has not changed is its  real-time views into system executions and indelible audit trails. Cutover comes into play in IT Operations by supporting not only resilience strategies, but also cloud migrations, application release/patch orchestration, cloud migration, and connecting automations across different tools and technologies for example, with the aim of making complex IT tasks easier and more automated. But the focus on interconnecting teams, applications and technology to manage the IT estate has come to fore because the combination of different ‘skills’, knowledge and flexibility has the potential to improve operations such as optimising disaster recovery, accelerating cloud migration and advancing IT operations. 

Human-machine collaboration is a rising trend fueled by awareness that, as CEO Ky Nichol observes, automation today is still in a relatively early stage and tends to be task specific. Recognition that businesses benefit when humans can bring their flexibility and creativity to bear alongside technology is a material driver towards successful IT Operations.

Further reading:

Developments in Augmented Intelligence

Enterprise Software Market Trends & Forecasts 2022

Posted by: Angela Eager at 17:19

Tags: software   resilience  

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Thursday 22 September 2022

Atos signs Solent NHS Trust digital workplace deal

Atos logoAtos has won a three-year contract, due to commence on 28th December, with Solent NHS Trust. According to the contract notice, the contract is worth £6.4m and was awarded via the Technology Services 3 Framework under Lot 4.

Under the arrangement, Atos is set to support the trust as it seeks to accelerate its digital strategy and implement new and mobile ways of working across the Trust and the wider integrated care system (covering Hampshire and the Isle of Wight). Atos will support a move to Microsoft Cloud based services that will enable a digital workplace characterised by security, sovereignty, and governance. Ultimately, by supporting clinicians and healthcare teams with a seamless workplace experience, the intended result is better patient care.

Atos will manage all Microsoft 365 services, Azure Cloud Servers, Azure Active Directory, and Microsoft Teams telephony and related services, as well as supporting innovation through the life of the contract. It also hopes to create the potential to explore further opportunities to drive sustainability across the Trust.  

Atos had a strong year in UK health in its FY21 (to end December), growing revenues from the sector by around 10% to £119m, by our estimates. This latest deal sits right in the company’s sweet spot of digital workplace and cybersecurity. It follows a success earlier in the year with the NHS Business Services Authority (NHSBA), which saw the company become the organisation’s Robotic Process Automation Partner under a £5m deal.

Posted by: Georgina O'Toole at 09:50

Tags: contract   health   microsoft   digitalworkplace   public+sector   managed+services  

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Thursday 22 September 2022

FDM partnership highlights growing demand for Appian skills

AppianSITS focused professional services firm, FDM Group, has formed a global partnership with low-code technology specialist, Appian in the face of rising demand for talent. London headquartered FDM is looking to provide professionally accredited academy programmes and IT certification focused on Appian's low-code offerings.

FDM is a strategic talent partner, placing tech professionals including graduates, ex-forces personnel and returners to work with our clients across a number of sectors. The partnership with Appian will provide resources and training for FDM consultants looking to become suitably certified. FDM will then be able to place Appian qualified consultants in roles where low-code skills are most in demand.

The low-code approach offered by vendors such as Appian provides a cost-effective option for organisations looking to deploy mission critical systems swiftly. There is growing demand across a variety of industry sectors as organisations look to accelerate technology-based change. The approach circumvents the need to spend thousands of hours re-configuring complex lines of code, instead allowing users to develop applications in a fraction of the time using visual keys.

Posted by: Jon C Davies at 09:35

Tags: low-code   appian  

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Thursday 22 September 2022

Crowd filter in dosh to help Cleaner Seas make cleaner seas

logoIt’s the banner at the top of every page of Cornwall-based ‘greentech’ start-up Cleaner Seas Group’s (CSG) website advertising a Coldplay competition (now closed, by the way) that, for me, takes the sheen off what on the face of it is a valiant and well-meaning endeavour. And that is to sell as many washing machine filters as possible.

Perfectly timed to coincide with the latest conscience-pricking televisual feast from Sir David Attenborough, CSG has launched a crowdfunding campaign selling shares at £10 a pop to raise £700k for 11% of the equity at a pre-money valuation of £6.2m. As I write, and with 12 days to go, the campaign has already raised £771k, including an investment of £500k from an unnamed backer. CSG appears to have previously raised some £300k in angel and early stage rounds.

CSG alludes to no fewer than five founders, headed by CEO, Dave Miller, whose credentials include some 20 years with the Environment Agency where, oddly, his LinkedIn profile shows him as full-time Operations Manager. Miller is joined by marketeer Avril Greenaway (CMO) and LED technology designer and inventor, James Sirmon (CTO), along with a part-time commercial director and one unnamed founder.

And so to the proposition, a plastic box which, from the video clip, appears to be approximately the size and shape of a domestic bread-maker, containing a replaceable filter. You plug the water outlet of your washing machine into the box and the output hose into wherever your washing machine drains.

CSG claims that the filter will remove ‘up to 81%’ (but no mention of ‘as little as’) microfibres from the waste water. When the filter is full (about 100 washes) it is recycled by CSG along with the trapped microfibres. I couldn’t get access to CSG’s investment deck so I can’t tell you how much they charge for the filter. Neither can I find mention of where and how the box and filters are manufactured, how many boxes are in (I assume proof-of-concept) use, or how CSG’s claims have been verified.

Let me say I am not a climate change denier, but neither am I a fervent environmentalist (though I do try to do my bit with the basics). However, I am an arch sceptic (as regular readers will know) and I take few claims at face value, especially when wrapped in polished and emotion-tugging market-ese.

CSG may well have developed an innovative water filter. If so, I would expect ‘wet’ appliance manufacturers will come running to their door to licence the IP. If not, well, you can at least assuage your concerns on world pollution and buy one yourself.

Posted by: Anthony Miller at 09:33

Tags: funding   startup   greentech  

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Thursday 22 September 2022

Resilient LTG delivers organic growth alongside acquisition-based expansion

Learning Technologies GroupThe Q421 acquisition of US-based workforce transformation business GP Technologies that was described as transformative at the time has made a dramatic difference to the scale and growth of Learning Technologies Group. The GP Technologies contribution of £184.9m was largely responsible for LTG’s 241% revenue growth to £281.8m in H1 (ending 30 June 2022). On an organic basis, revenue growth was 5.2%. 

Management at the digital learning and talent management provider noted that performance reflected the resilience of its business model against the backdrop of inflationary pressures and a challenging macroeconomic environment. While GP Technologies clearly had a substantial impact on performance, overall performance was also aided by favourable FX tailwinds from the strengthening US dollar. Nevertheless, 5.2% organic growth should not be overlooked, although the rate of growth was down on the 7% of H121. The Software & Platforms segment (26% of revenue) delivered 6.5% organic growth, and 21% including acquisitions in H122. Content and Services (8% of business)  grew 1.6% organically and 6% in total. GP Strategies delivered 4.6% organic growth in H1.

The bottom line reflected overall growth gains, with adjusted EBIT doubling to £44.1m, and operating profit rising to £21.4m  vs. £5.1m in the year ago period.

Even with the difficult economic backdrop, the level of job vacancies in the UK for example should play to LTG’s strengths as organisations focus on recruiting, training, motivating, and retaining their workforce. Despite a decrease in the number of people in or seeking work in the UK compared to pre-COVID, this is a time of opportunity for LTG. 

Posted by: Angela Eager at 09:27

Tags: results   software  

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Thursday 22 September 2022

Holographic calls coming to a metaverse near you

Holographic CommsWhether its from the Marvel movies or Star Wars, we have all become familiar with seeing the use of holographic technology for some time in TV and Film. But the reality is that we are still some ways behind in that technology becoming a mainstream feature. The tech has already made some large leaps in advertising, primarily utilising fans to create holographic images, and yet they are still pretty absent from our high streets.

Now the latest trend seems to be towards pushing holographic tech into communications. European operators Deutsche Telekom, Orange, Telefonica and Vodafone Group have teamed up with technology company Matsuko on a pilot to make holographic calls as easy to conduct as a voice call, employing 5G and edge computing.

In addition, the operators and Matsuko are developing a platform to combine “real and virtual worlds” through a mobile connection, using a smartphone camera to generate a 2D video. This is then rendered into 3D holograms in the cloud and streamed to viewers in an AR, VR or MR environment. The companies highlighted the importance of 5G (taking advantage of its high speed, broad bandwidth and low latency) to overcome challenges to creating “realistic 3D imagery which existed until now”.

The Metaverse has been a term in use for several years now, and as a trend is one that will continue for many years to come. The reality is that enabling a metaverse that is successful will require both large adoption of a sophisticated and relevant platform, and for such virtual worlds to much more strongly resemble the real one. Current ‘metaverse’ platforms are really nothing more than basic virtual environments, utilising low resolution avatars and clunky chat systems. Perhaps holographic communications may help bridge the gap?   

Posted by: Simon Baxter at 09:25

Tags: metaverse  

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Thursday 22 September 2022

Osirium continue to be in the red despite strong growth

OsiriumUK based Osirium Technologies (AIM: OSI), a cybersecurity software vendor delivering Privileged Access Management (PAM), Privileged Endpoint Management (PEM) and Automation solutions has provided an update to its H1 results which we covered back in July, where bookings increased 30% to £1.18m, and revenue grew 23% to £0.91m – see here

There was no update on profitability at the time, but the business has now reported further operating losses, growing to £1.63m (1H 2021: £1.52m). Osirium has continued to invest in sales and marketing looking to rapidly grow its business, also raising £1m back in February to fund these activities. Management continues to remain very aware of the need to reach cash flow breakeven and take steps to rationalise its cost base without compromising sales and marketing momentum. The company’s cash balance is expected to be £0.68m as of 17 September 2022.

Osirium’s growth strategy is built around three key strategic areas: commitment to innovation, customer focus and market expansion. The company is well placed to take advantage of the growing demand for privileged security, assuming they can find a profitable way of doing so.

One trend of note is the increasing price and higher criteria needed to attain cybersecurity insurance. According to data from Marsh, cyber-insurance prices increased 102% in the UK in Q1 2022, reflecting the increased cost of failure in this area. Privileged security is quickly becoming an essential product for cybersecurity insurance and, in some geographies, is seen as a necessary component for such insurance. In July, Osirium won a three-year PAM subscription with a UK university, worth c. £140,000, where PAM was a key prerequisite for its cybersecurity insurance provider, before any deal was agreed.

Posted by: Simon Baxter at 09:19

Tags: cybersecurity  

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Thursday 22 September 2022

Pyramid partners with Amplifi for data foundations

Pyramid Analytics logoA couple of weeks ago, we commented on Pyramid Analytics launching into the UK public sector with its proprietary Pyramid Decision Intelligence Platform (see Pyramid Analytics launches into UK public sector). The latest development from the company sees it announce a partnership with Amplifi Europe, a data management consultancy.

Pyramid states that partnerships – whether with complementary tech companies, ISVs, consulting firms, VARS, or systems integrators - are a strategic priority and critical to support the company’s growth as it scales. For Pyramid, the Amplifi partnership brings complementary services in data management, data governance, and data quality, as well as vertical expertise. For Amplifi, the partnership expands its capabilities along the data value chain, allowing it to build on the data foundations it has traditionally delivered. Amplifi Europe will incorporate the Pyramid Decision Intelligence Platform in UK, Ireland, and Northern Europe.

Despite Pyramid showcasing an extensive list of partners on its website, it appears that it is just beginning to accept the importance of those partnerships and the need to nurture them. The company states it has expanded its Alliances team and its partner recruitment capabilities. It looks as if the position of VP, Global Partner Sales, is a new one – Bill Clayton, based in the UK, took on the position in July this year. The company’s Senior Director of Partner Sales, Kate Tickner, also based in the UK, came on board in the same month. Meanwhile, Partner Operations Manager, Thomas Jensen, based in France, came on board this month.

Regarding the Amplifi partnership, we imagine that Pyramid had hit some hurdles when trying to sell its Decision Intelligence Platform to organisations that were lagging in terms of their data maturity. With Amplifi alongside, there is, therefore, the potential to expand its hot prospects list. Getting partnership like this right, will be key to Pyramid’s management team in their next stage of growth. Pyramid is saying all the right things about investing in partner training and development and launching joint go-to-market programmes – the proof, as always, will be in the results.

Posted by: Georgina O'Toole at 09:14

Tags: analytics   platform   AI   data   partnership  

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Thursday 22 September 2022

CGI bolsters automation capability with UiPath tie-up

CGICGI and Robotic Process Automation (RPA) player UiPath have signed a managed services partnership designed to help scale automation deployments within clients’ operations.

The new partnership is focused on an Automation-as-a-Service offering from CGI, called CGI Accel360, designed to help clients undertake automations quickly via a subscription model, with CGI managing the licensing, automation development, and other support. Clients can then benefit from an industry focused library of pre-built automations which should help accelerate activity. The managed services model is designed to reduce upfront costs and resource commitments reducing barriers to automation adoption.

UiPathWhilst by no means a unique tie-up, CGI Accel360 should offer clients real value in helping address some of the key barriers that remain to scaling automation deployment. The as-a-service model retains huge potential in the RPA and wider intelligent automation space allowing clients to embrace automation without large upfront costs and then scale quickly via the benefit of pre-built automations. From a commercial perspective this also looks like a good partnership for CGI and its clients, but also for UiPath, who need to be able to grow their business more efficiently to drive profitability improvement.

Posted by: Marc Hardwick at 09:01

Tags: RPA   as-a-service   partnership  

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Thursday 22 September 2022

CCS aims to unleash the power of data with new framework

CCS logoCrown Commercial Service (CCS) has launched its new Big Data & Analytics (BDandA) framework (RM6195). The agreement is intended to provide public sector organisations with access to both bespoke professional services and commercial off the shelf (COTS) software specific to data and analytics.

The framework opened for tenders in November last year (see CCS opens Big Data & Analytics framework). It joins a list of targeted technology frameworks introduced by CCS over the last two years, such as the Artificial Intelligence DPS (Dynamic Purchasing System), Automation Marketplace DPS and Cloud Compute framework. Future frameworks in the pipeline include Digital & Legacy Application Services (DALAS) and Vertical Application Solutions

The new framework is divided into two lots. Lot 1 – ‘Design, build and run’ professional services, covers advanced analytics and cognitive; data management & acquisition; data risking; platforms services; reporting and dashboards; and search and discovery services. Lot 2 – COTS software, covers big data management; machine learning & artificial intelligence; reporting & analytics; data mining, risking & science; search and data discovery.

In total, 50 suppliers have been awarded a place on the framework, with 29 on Lot 1 and 26 on Lot 2. Six suppliers (Accenture, Atos, CACI, Civica, Faculty, and Methods) have been awarded a place on both lots. The agreement will run for two years, with an option to extend by two one-year periods, with a maximum call off length of five years.

The framework was developed in line with the National Data Strategy, which was launched in May last year with the intention of removing the barriers to better data use and unleashing the power of data across the whole of the economy and society (see National Data Strategy: From risk to opportunity).

Posted by: Dale Peters at 08:53

Tags: analytics   government   framework   opportunity   big+data  

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Thursday 22 September 2022

Freshfields for Cognizant

LogoLeading law firm Freshfields Bruckhaus Deringer has awarded a global IT operations deal to Cognizant. The new multi-year agreement will see Cognizant provide a 24x7 managed service covering infrastructure, applications and service desk. The offshore centric major will also help define the UK-HQ’d Magic Circle solicitor’s technology transformation roadmap.

Founded in 1743, Freshfields today employs more than 2,800 lawyers and other legal professionals in 27 offices worldwide. Last year the firm generated fee income of some £1.7bn. The new IT operations contract aims to both support business growth and enhance customer experience.

Cognizant UK is currently enjoying somewhat of a purple patch. H122 revenues here were up by more than  25% yoy (see here) and last month the company landed a large transformational outsourcing deal with AXA UK & Ireland. The tenure of new UK & Ireland Managing Director, Rohit Gupta is off to a very promising start.

Posted by: Duncan Aitchison at 08:41

Tags: offshore   contract   applications   infrastructure   operations   legal  

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Thursday 22 September 2022

PE suitors eye DXC Technology

DXCAccording to reports in the media, US technology giant, DXC, has appointed advisers having received interest from a third-party regarding a possible takeover. Although DXC has not issued any official statement, the firm’s share price initially rose by around 7% on a report by Bloomberg that an unnamed private equity organisation had expressed interest in a potential deal.

DXC, which has a current market capitalisation of approximately $6.5bn has previously rejected at least one public takeover bid when the company declined an unsolicited $10bn approach from Atos early in 2021 (see: Running the rule over Atos and DXC Technology).

In the UK, DXC has enjoyed some high-profile wins recently, with the company having greatly improved its reputation for service and delivery since the arrival of current CEO Mike Salvino. DXC’s turnaround in respect of its overall financial performance has however been far less successful, with the company still struggling to demonstrate any top-line revenue growth.

In its most recent full year, DXC’s global revenue fell by 8.3% to $16.3bn with the decline in sharp contrast to one of the most buoyant periods in recent history for the SITS market. Rumours of a possible bid at this time are interesting with DXC clearly having cleaned house significantly under Salvino's stewardship. Although the promise of "jam tomorrow" still prevails in respect of revenue growth, DXC's backers may possibly be starting to feel that it is now time for a different approach. 

Posted by: Jon C Davies at 08:36

Tags: M&A   DXC   acquisitions  

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Thursday 22 September 2022

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Posted by: HotViews Editor at 00:00

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