Infosys Forecasts Outsourcing Prospects In the Middle East !

Bangalore: As the economy of the developed market shrinks, Infosys Technologies, India's second largest software company is seeing good outsourcing prospects in the Middle East, as said by a senior officials on Wednesday .

Nasdaq-listed Infosys, has acquired three deals in the global markets over a span of five months as told by Infosys senior vice president Subhash Dhar in press meet. Last month, Infosys forecast its first decline in annual revenue as the global demand for outsourcing slowed down due to economic meltdown. This was halting stage for India's Burgeoning BPO service providers.

India's $60 billion IT outsourcing sector which provides outsourcing solutions from software coding to managing computer networks and call center services faces a threat to the rising competition from the global rivals such as IBM and Accenture.

On the contrary the extreme panic from the R-word is slowing down. The Indian BPO market is striving to overcome the present economic crisis. The Indian market is already showing some signs of recovery and starting from the next quarter of June to July, the investment will be back on track.

The spending on technology is happening and will continue to grow. Investments will continue to grow at a slower pace than a year ago. Today, the companies have become cautious regarding the business cases and investment pertaining to it. Unlike before, Infosys is spending quality time in terms of calculations and realizations of ROI.