InfoSys’s Sales Decline
© JustinLowery.com
Proving once again that the outsourcing marketplace is not immune to the recession, IT outsourcing giant, Infosys, has seen a downturn in its business – its first since 1981. (See article here)
Rivals Wipro and Tata Consulting are also expected to show weaker results. Analysts suggest that downward price pressure from both Europe and the U.S. are a main reason for the disappointing results.
Unlike it's U.S. counterparts, InfoSys is still suggesting that it will grow rather than layoff workers, although that growth rate may slow a bit.
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Comment by riya manna on April 18, 2009 1:44 am
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