Damo Consulting Releases 2018 Mid-Year "WITCH Report" on Healthcare Technology Consulting Firms
Uptick in M&A, lower growth rates, steady margins and leadership exits highlighted in comprehensive review of the financial and market performance of global technology firms in healthcare and transaction insight of the sector's biggest consulting firms.
CHICAGO, Sept. 20, 2018 /PRNewswire-PRWeb/ -- Damo Consulting, a leading consultancy for healthcare enterprises and technology firms, today announced the mid-year review of major global technology consulting firms in healthcare. Titled "The WITCH Report" the report includes a comprehensive review of the financial and market performance of 11 global technology consulting firms in healthcare. The report provides a detailed review of market performance metrics, insights and dealings of major global technology firms, including: Wipro, Infosys, TCS, Cognizant Technology Solutions and HCL (WITCH).
Aspects covered in the WITCH Report include financial performance, mergers and acquisitions, customer wins, strategic partnerships, new product initiatives and leadership announcements.
"Our mid-year review of 11 publicly held global technology consulting firms indicates weak organic growth for most firms relative to the overall growth rate of their companies, with one firm being particularly challenged in the group," said Paddy Padmanabhan, CEO of Damo Consulting and author of The Big Unlock: Harnessing Data and Growing Digital Businesses in a Value-Based Era.
"The overall healthcare technology market demand environment seems to be holding up, based on the performance of the companies covered in this report. As the market for traditional services such as infrastructure management and outsourced applications support falls into decline, healthcare consulting firms are focusing on emerging opportunities in cloud, AI, automation and digital with varying degrees of progress over the past few quarters."
The WITCH Report also provides additional insight on each featured company's growth strategy. M & A activity continues to be robust, with both tactical acquisitions and industry consolidation playing out. DXC, Cognizant, and HCL have been the most active in the space, with more M & A deals expected in the coming quarters. Padmanabhan says every firm in the group has emphasized their focus on "digital", however definitions for digital vary widely and cover "pretty much everything in IT."
The WITCH Report notes several senior leadership changes, including the departure of the heads of healthcare at Infosys, Wipro and Atos, as a sign of increasing growth pressures.
Based on publicly available information, The WITCH REPORT is the most comprehensive view of the healthcare market performance of the major global technology firms, detailing performance measures including revenue growth rates and operating margins, thorough financial summaries, and a comprehensive listing of transactions announced during the year.
In addition to the WITCH companies, the report covers Accenture, Atos, Capgemini, DXC Technology, IBM, and NTT Data
All companies covered in the report are public companies.
To download the report, visit: https://www.damoconsulting.net/the-witchreport-2018-mid-year-review/
About Damo Consulting
Damo Consulting is a growth strategy and digital transformation advisory firm that works with healthcare enterprises and global technology companies. We help develop and implement digital transformation strategies and enable market growth strategies. We specialize in thought leadership led brand transformation and actionable healthcare market intelligence.
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SOURCE Damo Consulting
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