Infosys sees good demand in India, West Asia

Infosys sees good demand in India, West Asia
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First Published: Wed, May 27 2009. 02 16 PM IST
Updated: Wed, May 27 2009. 02 16 PM IST
Bangalore: Infosys Technologies, India’s second-largest software services exporter, is seeing good outsourcing business opportunities in India and West Asia, 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 told reporters.
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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First Published: Wed, May 27 2009. 02 16 PM IST
More Topics: Infosys | IT | Outsoucing | Slowdown | Growth |