Monday, June 15, 2009

News of the Day

IT Firms Investigating Japan for Outsourcing Opportunities
According to a report in Indian IT companies are looking to Japan for new business due to the slow down in the European and US economies. The Indian IT companies currently depend on the US and European markets. Between 80% and 90% of revenues is typically accounted for by just these two regions. According to industry experts Japan will drive the next phase of growth for the Indian offshoring industry.

Outlook Brightens for Indian Vendors
The Wall Street Journal announced that spending on outsourcing is set to come out of a slump and return to pre-recession levels by the end of the year, bringing a much-needed boon to technology companies in India and elsewhere. The information comes from a closely-watched survey of the industry. More than half of companies surveyed that outsource say they expect their spending on technology to come back to levels before they made cutbacks.

Indian Outsourcer, Infosys Outsources Work to Brazil
The new Brazilian software-development and back-office center is expected start operations within next the three to four months, with about 100 employees, the Economic Times reported, citing its interview with Infosys Chief Financial Officer V. Balakrishnan.

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