As the outsourcing discussion heats up in class, it’s interesting to see that India’s major outsourcing companies have posted “unprecedented revenue growth,” according to an article on the website InfoTech Spotlight. A sign that outsourcing continues to be a growing trend. The companies, Tata Consulting Services, Infosys Technologies, and Wipro, were last week “all predicting impressive growth this year” and as a result were hiring in large numbers to meet the growing demand. The article posits that Tata Consulting Services is expecting to end the fiscal year with $8 billion in revenues. According TCS’ CEO such growth, given the uncertain economic situation is a positive indication about the global demand recovery going forward. In my opinion, this could also be an indication that companies continue to be cautious about the global recovery and as such are continuing with the trend to remain as lean as possible. The company also said that “all major outsourcing markets showed double digits, Europe leading the pack” and its North American revenues crossed one billion dollars.
Some of the Tata’s key new clients this year are “Canada's large financial institutions, a Fortune Top 50 Healthcare company, a U.S.-based large banking and financial services institution, the Phoenix Group, a leading publishing and education services provider, a leading grocery retailer, and a leading North American general merchandise retailer.”
By the way, has anyone seen the NBC comedy Outsourced?
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