Job: Peoplesoft Tester In Chennai

Title	Peoplesoft Tester
Categories	India
Grade	G4
Skill	Peoplesoft, HRMS Testing, Payroll
Start Date	21-08-2012
Location	Chennai
Job Information	3-5 years of experience in ERP Related Product Testing.
	Knowledge of complete testing life-cycle and different testing methodologies.
	Min. 2 – 3 years of hands on experience on PeopleSoft – HRMS.
	Min. 1 year of experience on writing Test Scripts on PS Payroll Module.
	Good knowledge on HP QC.
	Strong analytical and troubleshooting skills.
Unit	10
	Apply Now

Short-term contracts give mid-cap IT cos new lease of life

With the duration of outsourcing deals getting shorter, deals worth nearly USD 85 billion are up for renegotiations this year, reports CNBC-TV18’s Shreya Roy.

Midcap IT players may get a new lease of life. With the duration of outsourcing deals getting shorter, deals worth nearly USD 85 billion are up for renegotiations this year, reports CNBC-TV18’s Shreya Roy.

Over the last few years, uncertain times have forced IT companies to go in for more short-term contracts. For mid-cap IT companies, this may have been a blessing in disguise.

Data from outsourcing advisory firm TPI says that around 700 contracts will be up for renegotiations this fiscal year, compared to 530 last year.

“There is a significant reduction in the tenure of contracts as they were originally signed. Compared to 10 years ago, when 500 of these were being done, there are 1000 a year. The tenure has gone down to five years instead of seven, so a lot of deals are naturally coming back to the market as renewals. In itself, this is a very large opportunity,” said Siddharth Pai, partner and MD at TPI India.

For many IT players, this may be just what the doctor ordered. After all, renewals account for almost 65% of the outsourcing market. Advisory firm Everest estimates that by October 2013, deals worth nearly USD 85 billion will be up for renewal.

These include a contract between HP and Bank of America, a mega deal from Shell group which is currently with AT&T, HP, and T-Systems, a blue cross blue shield deal with Dell and Manu Life's deal with IBM.

Many of these contracts are expected to be broken up into smaller chunks, as outsourcers are looking increasingly towards multi-sourcing. Analysts say this could work in the favour of the smaller players, especially those like Mindtree and Hexaware, which have been focusing on developing niche capabilities to help differentiate from larger players.

 

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Excerpts from India Business Hour on CNBC-TV18 Watch the full show »

Hexaware Technologies :Riding High! --nirmal bang,

Riding High!
Hexaware Technologies Limited (HTL) is a mid-sized IT company mainly catering to the capital markets (BFSI) and the airline (transportation) sector. It also focuses on enterprise software provided by PeopleSoft and Oracle. Recent large client wins has bought back the focus on this company which has good expertise in the niche areas. 


Investment Rationale

 Improved Revenue visibility due to large wins in the past 5 quarters

The deal wins of over $ 625 mn which HTL has gained in the past 5 quarters is commendable. HTL’s efforts of mining the existing clients in the gloomy days are paying off now reflecting in the incremental revenue streams it has earned. These long term deals give enough revenue visibility for CY12. In addition, HTL is negotiating almost 4 deals above $25mn which are in the pipeline.

 Margins moving northwards – room for further heights
EBIDTA margins have improved 812 basis points in the past 5 quarters led by drastic control in the operating costs. The company has in addition utilized its offshorablity lever in its advantage by moving almost 14% of work offshore during the same period. Currently, onsite: offshore mix stands at 53:47, utilization in early 70’s and plans to hire freshers would further aid the margins going forward. We expect HTL to report EBIDTA margins of 20% + in CY12E and CY13E.

 Proficiency in niche segments paying off
HTL earns 60% of its revenues from the Capital Markets and Travels industries and almost 30% of revenues come from enterprise solutions in terms of its service lines. In enterprise solutions, 60-65% of its revenues are from PeopleSoft where other software vendor’s focus is less.

 Guidance Revision of 20% on USD revenues for CY12E

On the back of good deals won recently, the company has revised the revenue guidance in USD terms to 20%. We feel this is a little conservative and the company can easily beat the guidance for CY12E.
Valuation & Recommendation

We expect HTL’s revenues to grow at a CAGR of 25% and adjusted profits to grow at a CAGR of 21% over CY11-CY13E. Margin improvement would remain under focus and we expect HTL’s EBIDTA margins improving by 313bps to 21.2% in CY13E from 18.03% in CY11. At CMP, the stock is trading at 10.4x and 8.6x for CY12E and CY13E respectively. On the back of improved financials and good revenue visibility, we recommend a BUY on the stock, assigning a target multiple of 11x for CY13E EPS with a price target of Rs. 147 which is a potential 28% upside.

Risks to our Rationale:

 Concentration in Discretion spending Revenues
Hexaware derives more than 50% of its revenues from Enterprise solutions and Business Intelligence and Analytics which could get affected in economic downturn. However, the recent deal wins re-affirms the revenue visibility for the company for CY12E.

 Industry Risks of wage pressures, rupee appreciation and competition
Rupee depreciation has acted in favor of the company and Industry per say. Any severe reversal of the rupee trend would affect the prospects of the firm.

 Exposure in the European Region
The company has 28.4% exposure in the European region and few of the major deals have been signed with clients in this region. Looking at the current economic scenario prevailing in the Euro zone, any delay in commencement of these deals or cancellation may impact the margins severely.

Valuation & Recommendation
We expect HTL’s revenues to grow at a CAGR of 25% and adjusted profits to grow at a CAGR of 21% over CY11-CY13E. Margin improvement would remain under focus and we expect HTL’s EBIDTA margins improving by 313bps to 21.2% in CY13E from 18.03% in CY11. At CMP, the stock is trading at 10.4x and 8.6x for CY12E and CY13E respectively. On the back of improved financials and good revenue visibility, we recommend a BUY on the stock, assigning a target multiple of 11x for CY13E EPS with a price target of Rs. 147 which is a potential 28% upside.

Configuring Informatica File Transfer Protocol

Informatica File Transfer Protocol can be used to transfer/move files from different environment into our pre-defined Landing Zone. It can also be used to transfer file to the destination folder/directories.   The Integration Service can use FTP to access any machine it can connect to, including mainframes.

Configuring FTP in Informatica Workflow

To use FTP file sources and targets in a session,

• Create an FTP connection object in the Workflow Manager and configure the connection attributes
• Configure the session to use the FTP connection object in the session properties.
• Specify the Remote filename in the connection value of the Session properties.

Guidelines

• Specify the source or target output directory in the session properties. If not specified, the Integration Service stage the file in the directory where the Integration Service runs on UNIX or in the Windows System directory.

• Session cannot run concurrently if the same FTP source file or target file located on a mainframe.

• If a workflow containing a session that stages an FTP source or target from a mainframe is aborted, then the same workflow cannot be run until it’s timed out.

• Configure an FTP connection to use SSH File Transfer Protocol (SFTP) while connecting to an SFTP server. SFTP enables file transfer over a secure data stream. The Integration Service creates an SSH2 transport layer that enables a secure connection and access to the files on an SFTP server.

• To run a session using an FTP connection for an SFTP server that requires public key authentication, the public key and private key files must be accessible on nodes where the session will run.

Configuring Remote Filename

Attribute	Description
Remote Filename	The remote file name for the source or target.  Indirect source file name to be entered, in case of indirect source file is sent. Use 7-bit ASCII characters for the file name. The session fails if it encounters a remote file name with Unicode characters. If the path name is provided with the source file name, the Integration Service ignores the path entered in the Default Remote Directory field. The session will fail if the File name with path is provided with single or double quotation marks.
Is Staged	Stages the source or target file on the Integration Service. Default is “Not staged”.
Is Transfer Mode ASCII	Changes the transfer mode. When enabled, the Integration Service uses ASCII transfer mode. -           Use ASCII mode when transferring files on Windows machines to ensure that the end of line character is translated properly in text files. When disabled, the Integration Service uses Binary Transfer mode. -          Use Binary Transfer mode when transferring files on UNIX machines. Default is disabled.

To know more about Transfer Protocol

Informatica – User Defined Functions

Informatica User Defined Functions are similar to Built-in Functions, where these functions need to be created once and execute multiple times. Transformation logics that are common across the ports are the ideal candidate for User Defined Functions.

Transformation Logic implemented without User Defined Functions

Validation “IIF( ISNULL(LTRIM(RTRIM(INPUT))),’TRUE’,’FALSE’)” is being performed in multiple ports.

The disadvantage with this approach is any changes to this validation need to be done in all the ports.

This can be addressed by creating a User Defined function and have the logic incorporated there.

Steps to Create User Defined Functions

Step 1 : Right-click on the User-Defined Functions folder in a repository folder in the Designer.

Click on “New”

Step 2: In Editor add the transformation logic / validation that needs to be performed.

Click ok and validate the UDF.

User Defined Function – Type:

Public if the function is callable from any expression. Private if the function is only callable from another user-defined function.

To Call User Defined functions from Port:

To know more about Informatica