NASSCOM scales down BPM market growth expectations from 14% to 11%

Nov 14, 2012: In the midst of the financial year, NASSCOM (The National Association of Software and Services Companies) has scaled down the growth expectations of Indian IT outsourcing market for this year. Earlier, NASSCOM forecasted a growth rate of 11-14% in Indian IT servicing sector. In contrast to this figure, they now expect the […]

Recovery hope fading for Indian BPO companies

The weak spending by U.S. and European companies coupled with slow down in the domestic market is likely to affect the Indian outsourcing companies in the second quarter. It is estimated that the growth will be restrained to single digit because of the slow recovery of the economy and considerable decrease in number of new […]

IT/BPO sector growth will slow down in 2013, to grow by 11-14%

February 10, 2012: The growth of the Information Technology (IT) and Information Technology enabled Services (ITeS) industry in India is expected to dip in 2013. However, the projections say that the sector will cover the $ 100 billion (about 5 lakh crore) during the year 2012. During the year 2012, the revenue will increase at […]

The two ‘E’ impact on IT hiring: Eurozone and Economic slowdown

January 13, 2012: The global slowdown, the credit crunch in the Europe, and the crisis in the corporate sector has made a negative impact on the recruitment activities in the Information Technology enabled services (ITeS), Business Process Outsourcing (BPO), media and entertainment segments. This segment has witnessed its first negative year-on-year growth. Monthly studies performed […]

Outsourcing marketing slows down in Q3 2011: Everest Report

November 7, 2011: The outsourcing and offshoring market across the globe is witnessing a remarkable drop in the quantum of transaction during the third quarter of 2011, first in the four quarters, according to the Everest group. Everest group is advisory research firm which helps global services giants in improving their performance. The declining market […]

Doomsday spell on BPOs?

As more the stock markets go through the down slide of the roll a coaster reflecting Wall Street’s 2008 collapse, threatening a global financial and economic down slide. Top analysts opine that the spell could reflect on the IT and the ITeS sectors in India. This was reaffirmed by John McCarthy, vice president and principal […]