Ms Bhagyashree Jadhav, Software Engineer – Trainee has been promoted as a Software Engineer

• Clear Expectations: Has leadership clearly communicated its expectations for the team’s performance and expected outcomes? Do team members understand why the team was created? Is the organization demonstrating constancy of purpose in supporting the team with resources of people, time and money?


• Context: Do team members understand why they are part of the team? Do they understand how they would contribute to achieving the communicated business goals?


• Commitment: Do team members want to participate on the team? Are members committed to accomplishing the team mission and expected outcomes? Do team members perceive their service as valuable to the organization and to their own careers? Are team members excited by the team opportunity?


• Competence: Does the team feel that it has the appropriate people participating? Does the team feel that its members have the knowledge, skill and capability to address the issues for which the team was formed or have access to the help it needs? Does the team feel it has the support needed to accomplish its mission?


• Charter: Has the team taken its assigned area of responsibility and designed its own mission, vision and strategies to accomplish the mission.


• Control: Does the team have enough freedom and empowerment to feel the ownership necessary to accomplish its charter? At the same time, do team members clearly understand their boundaries? Is the team’s reporting relationship and accountability understood by all members of the organization? Is there a defined review process; so both the team and the organization are consistently aligned?


• Collaboration: Does the team understand team and group process? Are team members working together effectively interpersonally? Do all team members understand the roles and responsibilities of team members? Can the team approach problem solving, process improvement, goal setting and measurement jointly?


• Communication: Are team members clear about the priority of their tasks? Is there an established method for the teams to give and receive honest performance feedback? Does the organization provide important business information regularly? Are necessary conflicts raised and addressed?


• Creative Innovation: Is the organization really interested in change? Does it value creative thinking, unique solutions, and new ideas? Does it reward people who take reasonable risks to make improvements? Does it provide the training, education, access to books and films, and field trips necessary to stimulate new thinking?


• Consequences: Do team members feel responsible and accountable for team achievements? Are rewards and recognition given when teams are successful? Is reasonable risk respected and encouraged in the organization? Is the organization designing reward systems that recognize both team and individual performance?


• Coordination: Are teams coordinated by a central leadership team that assists the groups to obtain what they need for success? Have priorities and resource allocation been planned across departments? Do teams understand the concept of the internal customer?


• Cultural Change: Does the organization recognize that team-based, collaborative, empowering, enabling organizational culture of the future is different than the traditional, hierarchical organization it may currently be? Is the organization planning to change how it rewards, recognizes, appraises, develops, motivates and manages the people it employs? Does the organization recognize that the more it can change its climate to support teams, the more it will receive in pay back from the work of the teams?

     (In 000s except per share amounts)        Three Months Ended

                                      ----------------------------

                                        3-31-07   3-31-06  12-31-06

                                       --------  --------  --------

     Revenue                           $  5,876  $  5,911  $  6,320

                                       --------  --------  --------

     Gross Profit                      $  1,971  $  1,612  $  2,041

                                       --------  --------  --------

     Income/(loss) from operations     $    159  $   (140) $    353

                                       --------  --------  --------

     Net Income/(loss)                 $    211  $   (139) $    297

                                       --------  --------  --------

     EPS per basic share               $   0.09  $  (0.06) $   0.12

                                       --------  --------  --------

     EPS per diluted share             $   0.09  $  (0.06) $   0.12

                                       --------  --------  --------

•  Income was Rs. 109.42 crore for the fourth quarter, an increase of 75.7% over the corresponding quarter in the previous year
• Operating profit was Rs. 24.14 crore reflecting an increase of 48% YoY
• Net profit increased to Rs. 16.98 crore vis-à-vis Rs. 11.29 crore for Q4 FY06, an increase of 50%
• Earnings per share (annualized) for the quarter ended March 31, 2007 was Rs. 33.94

• Income for the year was Rs. 395.58 crore, as compared to Rs. 221.34 crore for FY06, a YoY increase of 78.7%
• Operating profit for FY07 was Rs. 85.13 crore, a jump of 50% in comparison to the previous year
• Net profit after tax was Rs. 59.91 crore reflecting a 58% growth compared to FY06.
• Cash and cash equivalents as on March 31, 2007 stands at Rs. 109.06 crore.
• Earnings per share increased from Rs. 19.06 in FY06 to Rs. 29.94 in FY07, testimony to the company’s relentless focus on the bottom line.
  

INFOSYS GRABS TOP SLOT IN APPLICATIONS OUTSOURCING
The Economic Times/DNA

Indian IT giant Infosys Technologies has received the top score for overall strategy in applications outsourcing (AO) among North American AO providers, a Forrester Research report said.

India's second largest software exporter has managed to gain the score on the back of a strong reputation for cultural fit among North American customers as well as its capability in the AO space, the company said citing the Forrester Wave: North American Applications Outsourcing Q1 report.

In its latest guidance, Infosys Technologies said it is aiming to grow its revenues by 24.6 per cent in 2007-08 and reach four billion dollar-mark. "Infosys is living in the real world. Its vision is strong on what it describes as Modular Global Sourcing, in which various suppliers work together to deliver innovation in the customer environment, and it has adjusted its vision for engagement governance accordingly," Forrester said.

On the 'Modular Global Sourcing' concept, Infosys Strategic Global Sourcing head Sukhen Patel said in a filing to the Bombay Stock Exchange that by applying the fundamental concepts of modularisation to business process and IT services sourcing, Infosys is helping customers realise operational efficiencies and enabling business innovation.

IT, ITeS REVENUES TO CROSS RS 4.58 LAKH CRORE IN FIVE YRS
New Delhi
The Economic Times

The Indian IT and ITES sector is projected to grow 18 percent in the next five years to become an industry worth over Rs 4.58 lakh crore by 2011, an infotech analyst said on Wednesday.

The industry clocked over Rs 1.98 lakh crore revenue last year, a jump of 31 percent over the preceding year. While domestic IT/ITeS revenue stood at Rs 68,411 crore, exports was Rs 1.30 lakh crore in 2006.

The industry is projected to grow at 18 percent compounded annual growth rate for the next five years to cross an estimated 100 billion dollars (over Rs 4.58 lakh crore) revenue in 2011, International Date Corporation said in a release.

By 2011, exports of IT/ITeS is likely to yield a revenue of Rs 2.89 lakh crore while domestic revenue would be 1.68 lakh crore. This will be a significant milestone for the industry and will surely mean a lot in terms of contribution to the country's GDP, employment generation and a whole host of gains, which ICT usage brings along with it, said Kapil Dev Singh, Country Manager, IDC (India) Limited.

On the domestic front, IT/ITeS spend has been estimated at Rs 68,411 crore in 2006, a gain of 26 percent over 2005.

300: The approximate number of biotech firms in India; this is likely to double in the next four years.

$19 billion (Rs.77,900 crore): FDI inflows into India in 2006-07, the highest ever.

212,000: The number of Indians who visited  London last year, up from 130,000 in 2003.

1,188,120: The total number of commercial aircraft movements in India in 2006; Atlanta alone recorded 976,447 such movements, Los Angeles 656,842, Paris 541,556, Frankfurt 489,406 and Amsterdam 440,163.

$3.6 million (Rs.16.2 crore): Arcelor-Mittal CEO Lakshmi Mittal’s pay packet in 2006. He earned a base salary of $2.05 million (Rs. 9 crore) and received $1.68 million (Rs. 7.56 crore) in performance related payments.

30,946: The number of people Infosys recruited in 2006-07. It now has 72,241 employees.

2.3 million: The number of professionals required in the service sector by 2010, mainly in the IT and ITES segments, according to a study by IMD International Search and Consulting.

10.5 million: Apple iPods sold in the first three months of 2007.

Rs. 26,75,400 crore: Estimated size of the Indian retail market by 2015 compared to 12,60,000 crore today.

31 billion: Estimated number of e-mails exchanged daily on the internet worldwide. Forty percent of these are spam.

 
Compiled by : Prasad & Dorababu