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Oracle's top India execs exit on Asia Pacific churn
June 11, 2008
Source: ET Bureau
NEW DELHI: After Microsoft India, it’s the world’s largest ERP company, Oracle India, which is facing a crisis at the top. According to sources, about 6-7 executives from the top team including the HR head, national sales and technology sales head have put in their papers, leaving the company’s most important verticals almost headless.
When contacted by ET, an Oracle India official confirmed the movements but said many of the exits were for personal reasons. According to sources, sales director Prabodh Tiwari, vice-president of technology sales SPS Grover, HR head Radhika Mitra, channels head Anand Mohan, director — sales support S Kharbanda have put in their papers leaving almost nobody to realise the revenues for the company in its top units. Oracle India MD Krishan Dhawan was not available for comment.
According to industry sources, there are multiple reasons for the huge attrition at the top level. The main reason is too much churn at the Asia-Pacific level, the headquarters for Oracle India. Bad culture management after Oracle’s acquisition of BEA is touted to be another reason. Apparently, the $8.5 billion takeover made many executive roles redundant in Oracle. Another reason for sales people quitting is the less than committed revenues from a transaction with a government department.
Most people who have quit have gone to Oracle’s rivals like IBM, SAP and Microsoft. But Microsoft itself is reeling under a crisis as many of the unit heads have left and many have been transferred to other roles. It seems that, like Microsoft, Oracle could also see a flurry of top executives flying down to India to check things on the ground.
Microsoft India has seen a bunch of top honchos like the COO Kevin Turner and senior VP of Microsoft International Jean Philippe Courtois flying down to India in a span of two months.
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BFSI sector to spend $2.5bn on IT in 2008: Study
 June
11 ,2008
Source: PTI
NEW DELHI: The Banking, Financial Services and Insurance sector is expected to spend over 2.5 billion dollar on IT infrastructure in 2008, a study said.
Research firm Skoch Consultancy Services said the new projections reflect a growth rate of 18.5 per cent compared to last years figures of 2.1 billion US dollar.
The survey in which participated pointed out the outreach for different types of micro-credit activities and servicing the needs of the rural India is in the top of mind of around 86 per cent of participants. The survey polled CEOs of top 30 banks and insurance firms.
"One of the reasons for higher growth rate in applications like CRM, HRM, Business Intelligence and Data Mining is that they are now considered critical for cross selling, avoiding customer churn and differentiating brand and product offerings and knowing your customer better," said Sameer Kochhar, CEO of Skoch Consultancy Services.
The survey also said that mobile services are all set to assume significant role in future business plans of BFSI companies.
About 42 per cent CEOs felt the need for an integrated last mile delivery channel for all financial products, the study said.
Though 74 per cent of the respondents cited the need to target higher revenues and suggested that revenue could be enhanced through better customer relationship management, more fee-based income and cross-selling of financial products. |
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HP offers critical facilities services for data centres
June 11, 2008
SOURCE: PTI
MUMBAI: Half of the data centres in the Asia-Pacific region would not have sufficient power and cooling system by the year-end, a top official from Hewlett-Packard India said on Tuesday.
"By 2008-end, 50 per cent of current data centres in the Asia-Pacific region would have insufficient power and cooling capacity to meet the demands of high-density equipment," HP's General Manager (Technology Services) Narasimhan Tupil told reporters here.
Besides, in the years to come, there would be a shortage of floor space and human resources to manage these centres, he said.
HP had recently acquired EYP Mission Critical Facilities (EYP MCF), a consulting company specialising in strategic technology planning, design and operations support for large-scale data centres.
HP, along with EYP, has launched critical facilities services in the country to provide customers end-to-end solutions for data centers. The services would focus on consulting, design and assurance of data center, he said.
They would help customers create scalable facilities that reduce the cost of data centre operations through energy efficient power and cooling technologies.
"Data center has become a strategic asset for any company. It is a core part for any industry. Our services will be of great value to Indian customers," he said. The data centre market will grow at 22 per cent CAGR, he said.
Currently, the company is focusing on enterprise segment and would target sectors like banking, insurance, telecom, manufacturing and retail, he said.
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