Daily Archives: December 22, 2011

Infosys BPO to acquire Australian firm Portland for AUD 37 million ‎

Infosys BPO, the back office subsidiary of Infosys, has acquired Australia-based sourcing and category management services firm Portland Group. The A$37-million all-cash deal is expected to be completed by early January 2012.

According to Infosys, which has often been criticised by analysts and industry watchers for not being aggressive on acquisitions despite sitting on almost $4 billion of cash, the deal will help it establish presence in the Australian market with more offerings in the value-added segment.

"The deal will essentially enable us to have a reach into the Australian market. It will enhance our sourcing and procurement capabilities. Infosys’ focus has always been on value-added services and this will add to it," Swamithan D, CEO and MD of Infosys BPO, told ET.

Portland Group has over 100 employees with a reported revenue of approximately A$31.3 million for the fiscal year ended June 30, 2011. "Portland Group has over 100 procurement specialists with domain expertise and some 40-odd clients. None of them is our clients as of now. The deal will certainly help us intensify our service offerings and take sourcing and procurement functions to a higher level," he added.

Source: http://economictimes.indiatimes.com/tech/ites/infosys-bpo-buys-australia-based-portland-group-for-aud-37-mn/articleshow/11187711.cms

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Apple Will Launch Redesigned iPhone 5 in 2012

Apple Insider reports that in a note to investors Gene Munster with Piper Jaffray said that Apple will launch make significant changes to its products in 2012 as it did not launch any redesigned products in 2011.

He expects Apple to launch a redesigned iPhone 5 in mid 2012, which according to him help Apple outperform in 2013. He has offered two scenarios for Apple products in 2012:  a "base case" and a "bull case."

In the base case scenario, he expects Apple to sell 142 million iPhones, which would result in 18% increase in revenues, while in the bull case scenario, he expects Apple to sell 162 million iPhones in 2013, which would result in 35% increase in revenues.

Munster expects Apple to launch one third generation iPad model to replace iPad 2. However, he believes that Apple could beat his estimates if it expands the iPad product line with both lower and higher price points.

Apple Insider speculates:

Rumors and speculation of an expanded iPad lineup are not new, though Apple has yet to adjust its strategy. Last month, another analyst predicted that Apple will sell a third-generation iPad with a high-resolution Retina Display alongside a faster "iPad 2S" with the same screen resolution as the current iPad 2, but with a faster processor and Siri integration. He also predicted that Apple will continue to sell the iPad 2 at a lower price, much like the company already does with the iPhone 3GS.

In the base case scenario, he expects Apple to sell 66 million iPads, which would result in 20% increase in revenues, while in the bull case scenario, he expects Apple to sell 77.5 million iPads in 2013, which would result in 30% increase in revenues.

Source: http://www.iphonehacks.com/2011/12/analyst-apple-will-launch-redesigned-iphone-5-in-2012.html

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