InfoSys's Sales Decline
Filed in archive Outsourcing News on April 15, 2009
© 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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Tags: recession sales decline infosys india outsourcing sales+decline infosys+sales
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Response from:
lila
(04/16/09 2:25am)
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Response from:
Adv. Pragmaticoutsourcing
(04/18/09 4:29pm)
I think all the software giants are facing same problem because of global economic recession period but good signs are appearing in some sectors, so would be in this sector also.
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(04/28/09 5:46pm)
I think all the software giants are facing same problem
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