Earlier today, we held our 3Q11 Global TPI Index conference call, during which we discussed noteworthy trends in the sourcing market during the second quarter and the first half of the year.
In 3Q11, a single $7.2 billion contract lifted the market TCV considerably. The mega-deal, awarded by Siemens to Atos as a part of its acquisition of Siemens Information Services, spurred total contract value (TCV) to $25 billion, a gain of 41 percent year-over-year and 31 percent sequentially. This TCV marks an all-time high for a third quarter.
All three regions saw TCV increases for the quarter. IT Outsourcing TCV rose by some 50 percent year-over-year and Business Process Outsourcing TCV has already exceeded its full-year 2010 performance.
Furthermore, remove the single mega-deal, and the third quarter still saw a healthy $18 billion in contract awards, in line with the previous periods. In short, the third quarter looks very similar to other third quarters and offers more of a business-as-usual tale than a stunning growth story.
A replay of today’s call is available for one week on the TPI Index page of TPI.net, where you can also view the presentation slides. I hope you’ll have a chance to listen and sound off with your own perspectives in the comments section below!
