Executive Briefings

It Seems that Outsourcing to India by U.S. Companies Is on the Upswing

India's top three outsourcing companies are ramping up hiring and increasing pay as global corporations, mainly from the U.S., send more work offshore to cut costs as they emerge from the downturn.

Tata Consultancy Services, Infosys, and Wipro expanded their global workforces by an average of 5.1 percent last quarter, together adding 16,701 employees, company documents show -- an early sign that the Great Recession may ultimately benefit India as cost-conscious companies outsource more work, just as they did after the dot-com bust.

TCS, Infosys and Wipro, whose clients include leading companies like Goldman Sachs and General Electric as well as U.S. government agencies, can do everything from call center management and claims processing to software development and consulting. All three reported strong results for the December quarter, with revenue and volume growth.

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India's top three outsourcing companies are ramping up hiring and increasing pay as global corporations, mainly from the U.S., send more work offshore to cut costs as they emerge from the downturn.

Tata Consultancy Services, Infosys, and Wipro expanded their global workforces by an average of 5.1 percent last quarter, together adding 16,701 employees, company documents show -- an early sign that the Great Recession may ultimately benefit India as cost-conscious companies outsource more work, just as they did after the dot-com bust.

TCS, Infosys and Wipro, whose clients include leading companies like Goldman Sachs and General Electric as well as U.S. government agencies, can do everything from call center management and claims processing to software development and consulting. All three reported strong results for the December quarter, with revenue and volume growth.

Read Full Article