TPSA Service 50 Companies Performed Well in Third Quarter of 2008

The Technology Professional Services Association (TPSA), an organization providing analysis on the IT industry, recently unveiled the results of its quarterly aggregation of the financial performance of ‘The Service 50’.

 

The Service 50 is a list of fifty companies that are thought as the most influential technology solution providers in the marketplace. The TPSA aggregates the financial performance of these fifty listed companies from quarter to quarter and offers this research as a service. It also keeps track and reports on key trends that can be observed from the data, and allows its members to have access to a variety resources such as on-demand web casts, web cast presentations, market views, and as well as aggregate financial data in both PDF and Microsoft (News - Alert) Excel formats.

 

The latest results by TPSA indicated that Oracle (News - Alert) topped the list of quarterly performance analysis of fifty most influential solution providers.

 

As a member of the TPSA, the user can utilize the Service 50 data, in order to compare the company against those with similar profiles in the Industry in terms of product-service mix, service margins, and product-focus, says TPSA.

 

TPSA analyzes the public financial data of the listed companies quarterly, in order to understand the market trends and as well as performance in the technology services industry. The organization after analyzing recognizes the highest performing service businesses, which is based on several factors, including margin efficiency, a measure of the ability of companies to convert service margin dollars to operating income.

 

TPSA’ member companies represent a diverse group of market segments that include hardware and software products, systems integration, on-demand hosted applications, and value-added solutions.

 

The top five performing companies in ‘The Service 50’ - for the third quarter of 2008 include: Oracle, Tata Consultancy Services (News - Alert), Infosys, Cisco, and Satyam.

 

TPSA’s analysis results for the third quarter of 2008 indicated that technology service providers fared remarkably well and the margins increased by four percent for pure services companies. Further, the average operating income was also said to be up by three percent year-over-year, across all service sectors.

 

Thomas Lah, executive director of TPSA and author of the Service Visions blog, said, "Despite the beginning of a global downturn, companies in the Service 50 performed very well in Q3, especially the product oriented companies such as Cisco (News - Alert) and Oracle. On average, the service businesses for product companies are performing better than they did one year ago. This fact will be critical if product sales slow this coming year."