Wednesday, December 17, 2008

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Software firms face uncertain 18 months: NASSCOM


BANGALORE: India's export-focused software sector faces an uncertain four to six quarters as deepening global economic turmoil dents technology spending and slows deals, the sector's main lobby group said on Tuesday. Software firms have grown used to years of scorching expansion but the global financial crisis and recession in the United States, which contributes more than half of revenues, have dented confidence.

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