On
Oil & Gas Verticals in IT companies
SUBMITTED BY:
Siddhant Agarwal
Himanshu Lohani
Nitika Rawat
Aman Kandwal
A Report
On
Oil & Gas Verticals in IT companies
SUBMITTED BY:
Siddhant Agarwal
Himanshu Lohani
Nitika Rawat
Aman Kandwal
Under the able guidance of
Dr. J.L. Kashyap
(Assistant Professor)
In partial fulfillment of the requirements for
BACHELOR OF TECHNOLOGY
IN
COMPUTER SCIENCE ENGINEERING WITH SPECIALIZATION IN OIL & GAS INFORMATICS
ABSTRACT
Most of oil and gas companies like ONGC,RIL, BP,ESSAR, IOC etc. are outsourcing there
information technology related work to it companies. It companies providing help related to IT
work to the companies of energy sector. IT companies provide software according to there
need, helping to implementing EPR for oil and gas companies, handling the database and many
areas where those companies provide the help and increase their profit. There is wide range of
services for energy sectors companies provided by I consulting companies from technology
infrastructure to business application and process to complete business transformation .
Skills shortages: there is skill shortage of it related work handing in energy companies so
they take the help of it consulting companies.
Demand for greater efficiency and effectiveness: there is great demand of efficiency
and effectiveness. Any misalignment can lead to huge amount of cost involvement. The
upstream and gas industry rely on a complex set of disciplines which must together if high
performance is to be attained.
Focus on core competencies: to make company more competitive they apply the best
business approach in current market. It consulting companies help them to implement those
technologies like ERP implementation.
Short delivery time to market : in energy sector there is a need o strong value chain so
that they can delivery there product from one place to another place because there is short
time to delivery to market. It consulting companies help to make their supply chain effective
with latest market best practices.
Contents:
Cover page & Title Page--------------------------------------------------------------------01
Abstract ---------------------------------------------------------------------------------------03
CHAPTER 1: INTRODUCTION
1.1
1.2
1.3
Introduction-------------------------------------------------------03
Overview-----------------------------------------------------------04
Purpose Of Study-------------------------------------------------05
Ch 1: INTRODUCTION
Todays time most of the IT companies are working for oil and gas, power, and utility sector.
In this competition time it is backbone for every companys growth. Every company using it
services like software related work and computerized their organization. Oil and gas, power and
utility sector contribute a major part in overall profit of a it services provider company.
This is related to find the contribution of oil and gas sector in overall profit of it companies and
which services they provide to the oil and gas sector companies.
There is wide application of it services in oil and gas sector like special purpose software which
deals from upstream to downstream operations, ERP implementation, handling the pipeline by
SCADA etc.
As we know that in oil and gas sector there is huge money investment so companies in this
sector taking the consultancy for it services from it companies.
To this first we take the annual report of five it companies which are dealing in oil and gas
sector, then take their balance sheet of three year and total revenue and find the overall
growth of companies in that time.
From that total revenue find contribution of oil and gas, power and other sectors.
Next part is to know the services which provides by the IT companies to the oil and gas, power
and utility sector companies.
This report focus on growth of energy sector revenue and what are the areas where energy and
utility sector companies take help and what technologies they implemented in their
organization.
OVERVIEW
This project is related to analyze the financial growth of five it companies which are working for
oil and gas, power and utility sector companies and also know the factor which are responsible
for that earning or growth.
To do this financial growth and there is need of annual report and other financial data. This
data is over three year so that we comparison the data to previous year and find the growth
year by year.
From that growth we find the contribution of oil and gas, power and utility sector.
With this result make a model which shows the factor and their respective profit and which are
the areas where profit is high and what are the possible areas where it companies can provide
there help so those companies can increase their profit.
PURPOSE OF STUDY
This purpose of study of this report knows the areas where it consulting companies working for
energy and utility sector companies and how much increase in contribution of those companies
in given period.
One object of this report is indicating technology change done by the consulting companies and
also suggests possible areas where companies can provide there help and increase their profit.
This report shows analysis of balance sheet of five it consulting companies in a given period of
2004 to 2005 and indicating the growth of assets and liabilities.
This report is based on balance sheet analysis which is provided by it companies.
First we select the top IT services provider five companies which are dealing in that sector are:
12345-
Accenture
Hindustan computers Limited Technologies (HCl)
Cognizant technologies
NIIT technologies
Patni computers
Accenture
Accenture is a global management consulting, technology services and outsourcing company.
Accenture can mobilize the right people, skills, and technologies to help clients improve their
performance. At Accenture you can join ranks with more than 100,000 other highly talented
professionals in 48 countries. They have extensive experience in a wide variety of industries in
key business areas, including customer relationship management, supply chain management,
business strategy, technology and outsourcing.
Accentures Business: Accentors professionals work with many of the worlds biggest, best
and most innovative organizations. Helping them identify and capitalize on business and
technology opportunities. Accenture can quickly mobilize the right people, skills, capabilities,
alliances, tools and technologies to improve their clients business performance.
The different areas of Accentures business are:
Consulting: Companies are looking for more than advice, they need total solutions.
Thats why we have developed a comprehensive approach to consulting that moves
clients forward at every level of their business, from high-level strategic planning to
improved customer service, to day-to-day operations.
Technology: Technology underpins every decision organizations make, from the markets
they enter, to the systems they deploy, to the skills they require of their people. Every
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Today HCL do cutting edge work for global customers in domains such as Aerospace,
Semiconductors, Costumer and retail, BFS, Life Sciences, Telecom, etc. with deep knowledge
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practices in technology, applications, infrastructure and BPO. HCL applications business which
was developed with both organic and inorganic means is today a creditable no.-5 in 3 years
time.
HCL invested solidly in their physical infrastructure which now boasts of world class facilities
and 3 campuses in the making in Noida, Bangalore, and Chennai. HCL have 24,000 employees
spread across 6 cities.
Today, HCL is uniquely positioned in the IT space with offerings straddling software and BPO
products. The HCL enterprise operates through two entities listed in India- HCL technologies
and HCL info systems. While HCL technologies is the IT and BPO service arm of HCL, HCL info
systems is the IT hardware and system integration arm operating in the domestic market.
Ultimately HCL aspires to become one of the Indias truly recognizable global brands.
Cognizant
Cognizant Technology Solutions: A global services firm with a single-minded passion: dedicating
our global resources, industry intelligence and systems expertise to working with clients to
make their businesses stronger- more customer-centric, more competitive and more
productive.
Cognizant was No. 2 on the Forbes list of the 200 Best Small Companies, the fourth
consecutive year it has been named at or near the top of this list.
Cognizant also were the top U.S. outsourcing firm on business 2.0 magazines annual listing of
fast growing technology companies, the B2 100. In addition cognizant named the best U.S.
Company in India by the Indo American Chamber of Commerce.
Cognizant also continually add to our wealth of industry expertise and our array of services.
Most important, however is a team-based culture that is dedicated to the success of each
clients business.
Cognizant passionate focus on building clients businesses is exemplified by the fact that
JPMorgan Chase selected Cognizant as one of its Suppliers of the year for 2005, the only IT
systems integrator to be so honored.
NIIT Technologies
It is a global IT Software and Services Company.
Services provided:
1. Application Development & Maintenance.
a) Custom Software Development.
b) Legacy Maintenance & Modernization.
c) Testing.
2. Package Solutions and Managed Services
a) SAP
b) GIS
c) Testing.
Global Process Assessments:
Key Customers:
British Airways, Sabre, ING Group, SEI Investments, Office Depot, Toyota Motors, Holcim
Awards and Achievements:
Declared as a Business Super Brand by the Super Brand Council.
Hindustan Times Power Jobs Award for HR Excellence for Innovative HR Practices.
Patni Computers
Patni Computers caters to its clients through its industry-focused practices including insurance,
manufacturing, financial services, telecommunications and technology- focused practices. Patni
has 23 international offices across Americas, Europe and Asia- Pacific.
Services offered:
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Application development
Application maintenance and support
packaged software implementation
Patnis clients look beyond value-proposition of cost reduction, productivity enhancements and
quality improvements and the focus has shifted to strategic business impact.
Awards and Achievements:
Received the Frost and Sullivan Customer Service Leadership Award in the IT services
market for 2006.
Ranked highest among Indian Offshore Supply Chain Solution Providers in a customer
satisfaction survey conducted by Forrester Research Inc.
Ranked at #6 in the list of Best Managed Global Outsourcing Vendors for 2006, by the
Brown & Wilsons Black Book of Outsourcing.
Rated 1st among the Top 5 Engineering Services Providers, 2nd among the Top leaders
in Human Capital Development , and 6th among the Top 10 best performing IT service
providers, in the Global Services 100 published by Global Services and neo IT.
Received the Jamnalal Bajaj Fair Practices Award for 2006, bestowed by the Council for
Fair Business Practices, Mumbai.
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Ch 3: Research Objectives/Methodology
Research Objectives:
a) Analysis of the overall financial growth of company in the last three years.
b) Analysis of the contribution of the oil and gas, utilities of transportation
sectors within this growth.
c) What technological innovations and other contributing factors have led to
this growth.
d) To make a model for consulting practice of these companies that optimizes
this change thus leading to increased business opportunities and volumes.
Literature usage
Internet usage
Journals and books
Primary data collection through direct contact with companies
First the collection of financial data of years 2004 to 2006 that is the annual
report.
This report contains balance sheet of companies, total revenue, profit and loss
account and other financial data which is required to perform the financial
operations.
From that annual report, we collect the data about the total revenue which are
used to find the desired result.
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Increase in revenue:
2005 revenue- 2004 revenue=$196 million
2004 revenue-2003 revenue=$152.2 million
Growth in revenue:
=(196*100)/567.7=34.53% in year 05 and 04
=(152.2*100)/415.5=36.63% in year 04 and 03
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Increase in revenue:
2006 revenue-2005 revenue=$128.6 milliion
2005 revenue-2004 revenue=$123.7 million
Growth in revenue:
=(128.6*100)/450.3=28.56% in year 06 and 05
=(123.7*100)/326.6=37.88% in year 05 and 04
Analysis of Accenture:
Total revenue in year 2006=$16646 in U.S currency
Total revenue in year 2005=$15547 in U.S currency
Total revenue in year 2004=$13673 in U.S currency
Growth in revenue:
=(1099*100)/15547=7.069% in year 06 and 05
=(1874*100)/13673=13.706% in year 05 and 04
Increase in revenue:
2006 revenue-2005 revenue=Rs 643 million
2005 revenue-2004 revenue=Rs 499 million
Growth in revenue:
=(643*100)/5432=11.84% in year 06 and 05
=(499*100)/4933=10.12% in year 05 and 04
Increase in revenue
2006 revenue-2005 revenue= $ 538437
2005 revenue-2004 revenue= $ 299157
Growth in revenue
=(538437*100)/885830=60.78% in year 06 and 05
=(299157*100)/586673=50.99% in year 05 and 04
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Suggestion
Accentures collaboration with energy sector clients in year 2006 and 2005 is less than 2004.
They can increase their profit with making more clients from energy sector and help them in
different areas. There are many other clients who want to implement technologies, target them
and enter to the new market.
So more and more collaboration with energy companies and also search the new market
increase the profit.
Energy and utility sector is wide sector which wants specific services to improve the profit. For
energy sector companies there are several services like:
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Conclusion
This report shows the contribution of energy sector in overall growth of IT consulting
companies. It also shows what the help taken by the energy sector companies and in which
area. Todays time the competition is high in energy sector companies and the cost involve is
also high so the company want best more technological development to improve their
business. The model will make a change roadmap for the consulting arms of these company
energy verticals to optimize their operations in conjunction with the changing business and
technological environment over the years. This model also shows the technological
development in aviation and transportation sector and revenue comes from that sector.
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References
Mishra, Ajay. Oil & Gas Vertical. Outlook express. 31 march, 2000. Pg 36-54. Print.
Pitts, Gordon. Future of oil & Gas. Oil & Gas technology 18 Feb. 2001:
B3.CBCA Complete. Web. 27 Aug. 2006.
Thomas, Gerald. Growth of IT sector. Times Zero 48.3 (1989): 221-43.JSTOR.
Web. 27 Oct. 2008.
Grenfell, Wilfred Thomason. Accenture Solution. St. Johns: Creative, 1999.
Print.
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