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Infosys seeing good demand in India, Middle East

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Reuters

Posted: May 27, 2009 at 1400 hrs IST

Bangalore Infosys Technologies, India's second-largest software services exporter, is seeing good outsourcing business opportunities in India and the Middle East, a senior official said on Wednesday, as a global economic downturn crimps spending in developed markets. Nasdaq-listed Infosys has won three deals in these markets over the last five months, Infosys senior vice president Subhash Dhar said. Last month, Infosys forecast its first decline in annual revenue as global demand for outsourcing slowed in a harsh economic climate, halting growth for India's once burgeoning technology services sector.

India's $60 billion IT outsourcing sector, which provides services from software coding to managing computer networks and call centres, faces weak demand and rising competition from global rivals such as IBM and Accenture.

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Infosys - Rotting Company by orangesaree on 02 Jun 2009

Let Infosys stop thinking that IT industry would give importance to what they say. They think they are the only IT punters in the world and the only people who can provide charity to poor people. They think too high and mighty of themselves

Best Wishes by Rahul on 28 May 2009

This is a very good news in IT Professionals. It's very relief ful gave a news for peopls by Infosys. Best luck.

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