Cloud & Digital – Multiple times bigger than Y2K for India…
Covid has accelerated cloud adoption in the world with more and more organization moving to cloud..Healthcare is shifting its data centers to cloud..patient records are getting moved to cloud..EHR software,
ERP software, HR and payroll software.. everyone is coming up wtih cloud enabled version..In next 10 years (and I am conservative here..), everything will be on cloud…Own data centers will be an obsolete concept…
Big pharma is using cloud for drug discovery.
Its both cost effective and much faster…Hospitals are dismantling their data centers and moving to cloud. It removes their non-core administration headache..Small,medium, big every organization is choosing cloud to cut their costs and improve the efficiency..cloud is the future
According to IDC report, 79.4 ZB data will be generated globally by 41.6 Bn IOT devices by 2025. As per Gartner, 28% of IT spending will shift to the cloud by 2022, affecting $1.3 trn..Artificial Intelligence, Data Analytics and IoT are next big trends..
There will be huge work for Indian IT for cloud migration and cloud management, multiple times bigger than Y2K and for next few years..TCS, Infy, HCL all will be beneficiaries of this trend…TCS being process champion will benefit the most…
in small and mid caps, its Tata Elxsi and Happiest Mind…
Cloud effect
Loud on Cloud
M&A space buzzing with cloud and digital acquisitions in last one year. Biggest being IBM Corp’s $34-billion acquisition of Red Hat last year, to further its hybrid cloud agenda. Top Indian IT firms are acquiring smaller cloud firms as a strategy to grow their
cloud business, which has accelerated as clients embraced digital transformation during the pandemic.
Infy made three acquisitions including Simplus, GuideVision and Blue Acorn iCi. All three works in cloud and digital arena. Wipro did four acquisitions this year.
In July 2020, the company completed a pair of acquisitions, buying Salesforce cloud partner 4C of Mechelen, Belgium, and Brazilian vertical market technology consulting firm IVIA Serviços.
In Oct. it acquired Eximius Design which provides solutions and services to build
connected products in areas of cloud, IoT, edge computing, 5G and AI..Last week it acquired Encore Theme Technologies, a SaaS and cloud solutions specialist that focuses on the financial services sector.
Cognizant made six cloud-related acquisitions this year – Code Zero, EI Technologies, Lev, Collaborative Solutions, New Signature, and 10th Magnitude.
According to Fitch Ratings, IT services companies that focus on digital businesses such as automation and cloud-based service delivery, are likely to perform better than those with a focus on business process management (BPM) and legacy application and infrastructure services.
Strong results and management commentary from Accenture. Cloud services grew double digits..expect good nos from #IndianIT supported by cloud and digital services..
IT rally started... Mid cap IT will create new ATH
#Infy large deal win.. There will be a trend of acquiring captive centers which will drive growth for Indian IT.. IT, Chemical, Pharma... Three pillars of current bull run
ATH from Nifty 50.. all IT... Similar story will repeat for mid cap IT... Watch for Tata Elxsi, Happiness Mind and Mastek
IT rally going really strong... Tata Elxsi, Mastek hitting new highs.. Similar story to play out in pharma and chemicals after Q3 results
#TataElxsi crossed 2000...
#IT unstoppable... TCS, Infy, Wipro ATH..
#TCS cloud commentary - cloud adoption will remain secular growth driver over next 3-5 years + cloud transformation trends going on very strongly.
Cloud is the new ERP: 1st is migration to cloud followed by phase 2 which entails utilising that capability and infrastructure
#happiestmind now at almost 100x TTM PE. Honestly I also never imagined this. I am speechless...
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