Offshore outsourcing services

Good time ahead for indian offshore service providers

Top three indian companies have announced their results which show significant financial growth and no sign of slowing down of offshore business. Outsourcing giant Wipro announced 15.83 billion rupees profit for the financial year 2004-05 which was an increase of 58% comapre to last year. Tata Consultancy services announced profit of 22.56 billion rupees. While Infosys has announced $419m profit for the end of financial year 2004-05.

Trends and analysis shows that, offshoring will continue to rise. According to Gartner, currently only 3% of the globla information technology services is outsourced to countries like India and china. By 2008, only 7% will be shifted to these cheap labour countries. While some other companies like NeoIT have very optimistic view that, offshoring will grow significantly and by the end of 2005, 80% of global 2000 companies will have offshoring presence.

Offshore outsourcing - Tatvasoft