Monday, October 18, 2004

Indian Outsourcing Sees Growth

EE Times reports semiannual results of India's top three software services exporting organizations released this week show that growth is back to pre-slump levels in 2000.

Tata Consultancy Services (TCS), Infosys Technologies and Wipro Technologies said they all have recorded strong growth, with more than one posting better-than-expected results. The results confirm that India's software exporting companies are back on track for growth.

"Offshoring has become a megatrend in the industry, as more customers leverage their partnership to increase global competitiveness," said Nandan Nilekani, CEO, president and managing director of Infosys Technologies Ltd. He said Infosys's focus is on scaling its opertions and on market differentiation.

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