Tech spending logs slowest growth in ’07 (Live mint.com 25th Jan 2008)At a time that Indian tech and back-office services vendors maintain that they don’t see any signs of slowdown in demand for their offerings, a survey by a leading outsourcing advisory firm has come out with findings that indicate that buyers of such outsourced services have begun tightening their spending.
But the early trend, even if it accelerates, may not affect Indian software and business process outsourcing services firms, industry insiders and analysts said.
The total value of software outsourcing contracts in 2007 grew the slowest in five years with the December quarter recording the lowest number of such deals in the last nine quarters, according to Technology Partners International, Inc. or TPI, a Houston, Texas firm that tracks tech outsourcing deals. Last year, around 487 contracts were signed worth more than $80 billion or Rs3.16 trillion, which was $8 billion less than the five-year average for deals signed. The December quarter saw around 108 contracts compared with 132 in the three months ended September, and 121 and 126 in the two preceding quarters. More
But the early trend, even if it accelerates, may not affect Indian software and business process outsourcing services firms, industry insiders and analysts said.
The total value of software outsourcing contracts in 2007 grew the slowest in five years with the December quarter recording the lowest number of such deals in the last nine quarters, according to Technology Partners International, Inc. or TPI, a Houston, Texas firm that tracks tech outsourcing deals. Last year, around 487 contracts were signed worth more than $80 billion or Rs3.16 trillion, which was $8 billion less than the five-year average for deals signed. The December quarter saw around 108 contracts compared with 132 in the three months ended September, and 121 and 126 in the two preceding quarters. More
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