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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (4219)	5/6/1999 10:58:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Maverick from Madras-->Future Software,Chennai. siliconindia.com futsoft.com Below The Radar- Maverick from Madras With the Y2K and Euro conversion opportunities nearing a plateau, several Indian software companies are finding themselves in a soul-searching mode. Analysts believe that a significant number of firms will soon regret the decision to "go for broke" after Y2K revenues. Not so Chennai-based Future Software, which has established its presence in communications software. A great many Indian software companies these days — even the larger and more mature firms — are seriously contemplating re-engineering of their organizations to face an uncertain future. Investors, who have bid up software stocks to dizzying heights, have also begun to turn jittery. Amidst all this upheaval, the Madras-based Future Software seems to be an island of calm. Since the start-up days of 1985, Future has focused on and built competence in one core area: communications software. It provides software products and services in current and emerging technology areas to the global communications industry. Future's customers include several global communications majors including AT&T, Controlware, DSC Communications, Hughes Network Systems (HNS), Integrated Telecom Technology, LG Group, NCR, Samsung Electronics and Thomson-CSF. Future, which currently employs more than 250 engineers and is headed by a team of experienced professionals, has been growing at a rate of 60 to 70 percent over the past three years. In 1997-98, the company reported a turnover of Rs.195.5 million — up from Rs.108.8 million in the previous year......