Annuals

Covansys India

DQI Bureau

31 Jul 2005 00:00 IST

New Update

- Headcount increased by 43%

- $4.5 mn contract by the state of Maine Secretary of State's Office to implement a voter registration system

l President & CEO: K Subrahmaniam l Start-up Year: 1991
l Products & Services: Software development l Employees: 3,951 l Branches: 4
l Address: Unit 13, Block 2, SDF Buildings, MEPZ, Chennai-600045 l Tel:
2268080 l Fax: 22628171 l Website: www.covansys.com

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With a 54% increase in revenues, Covansys had a good run by continuing its
strategic focus on financial services, healthcare, and public sector projects.
Healthcare contributed 54%, followed by BFSI at 30%. The 43% HR growth signifies
the recruiting spree over the year. Globally Covansys posted $374 mn for year
ended December 2004 as compared to $378 mn the pervious year. One of the
significant wins for the company in the JFM 2005 quarter was the $4.5 mn
contract by the state of Maine Secretary of State's Office to implement a voter
registration system.