TechM bags IT contract from Australia’s Optus
Australia second largest telecommunication company Optus is believed to have dished out a technology offshoring contract to Tech Mahindra with an eye on cutting costs.
Sources, who asics gel do not wish to be identified, classify this deal in the category with a revenue potential of up to $20 million for Tech Mahindra.
Tech Mahindra is expected to provide systems integration, infrastructure management services and a small chunk of back office outsourcing as part of the arrangement.
in Optus IT division was advised in February of plans to outsource some local IT functions to third party vendors. Following a review of our IT division, we have identified around 130 roles that are affected by the expansion of our offshoring capabilities, a spokesperson for Optus said, without confirming the names of contracted third party vendors.
Optus, which is a wholly owned subsidiary of Singapore Telecom, suffered a 7.5 per cent slump in net profit to $728 milli asics gel on in the year to March. as revenue declined. are working with employees who are asics gel affected by these changes, and where possible, we are exploring redeployment opportunities for our people, the spokesperson added.
The mov asics gel e is said to be part of Optus three prong strategy of reducing costs and boosting profitability by outsourcing jobs, increasing the number of services customers can access via the Internet and making its distribution network more efficient. News reports in the Australian media suggest that Optus has cut over 1,300 jobs in the last two years.