“IT Outsourcing Boom Benefits Indian Firms”

This from Computerworld, April 24 issue. Looks like the Indian “Big 3” firms are doing quite well. Tata Consultancy Services, Ltd., Infosys Technologies Ltd., and Wipro Ltd., all report booming growth, with Wipro and Infosys reporting 30% and 35% full-year revenue growth, respectively. Reminds me of the mid-to-late 90s here in the US of A. Enjoy it while it lasts, fellas.

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One Response to ““IT Outsourcing Boom Benefits Indian Firms””

  1. […] Ran across an article about Pervasive in Computerworld, and found a link to a Network World article about the same topic. Seems that there is ever increasing employee turnover, increasing labor costs and insufficient management bandwidth to keep the operation going. In another post on this, the most important blog you will ever read, I noted from another Computerworld article that the boom continues for Indian outsourcing firms. This reminds me very much of the boom times in the late 90s where job turnover was high (along with salaries). But it can’t last forever. As labor costs continue to rise in India, the main value proposition of outsourcing (i.e., onshore labor cost savings) will continue to diminish until even the most braindead board will not want to continue throwing away their shareholders’ money as they are now. Oh, yes, there’s more. […]

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