Infosys Technologies Chief Executive Kris Gopalakrishnan believes 2010 will bring a turnaround in IT outsourcing services, reports RTT News. The India-based outsourcing company receives nearly 60 percent of its revenue from the United States.
As the economy worsens, companies are sending more businesses processes overseas, according to PCWorld.com. It quotes Ritesh Idnani, vice president and head of global sales and marketing at Infosys BPO, saying: "Companies are under pressure to cut costs, and are more receptive to new ideas that can help them do it."
Although India’s IT sector has grown consistently in recent years, the Indian chamber of commerce Nasscom predicts the country’s software and IT services to expand at a slightly lower rate than the previously forecast 20 percent. The sector may take a hit in profits with President Obama's plan to end to tax breaks for U.S. companies that outsource jobs abroad.
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