IT services market takes severe hit in Q2 2011

07.09.2011

In Australia, HP was chosen by the country's tax office to deliver centralized computing services under a five year deal worth $500m. HP will provide and manage the Australian Tax Office's IT infrastructure, including managing mainframes, server management, and storage management services, as well as delivering data center services,

Asia-Pacific generated only 15 per cent of private sector TCV in Q2 2011. This was mainly due to a distinct lack of large deals awarded by the region's enterprises. Just two contracts in the second quarter were valued at over $100m, including a major deal won by Indian vendor Tech Mahindra with Vodafone Hutchison Australia. Tech Mahindra will manage the telecoms company's IT systems for the next five years, reportedly replacing incumbent suppliers IBM and Ericsson.