India software giants wary of US slowdown
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India's major software firms say a US economic slowdown may bring more customers seeking cost savings, but analysts warn that the once red-hot sector faces tough times in 2008.
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BERKELEY: The US has nothing to fear from rapidly growing technology markets in India and China, Bill Gates, chairman and chief software architect of Microsoft said.
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InfoWorld - If you curse your &quot;tier-one&quot; IT management solution as too cumbersome, too complex, and too expensive, you&#39;re not alone. In arecent Gartner study that declares the &quot;Big Four&quot; -- BMC, CA, HP, and IBM -- increasingly vulnerable to SaaS (software as a service) and open source alternatives, surveyed users gave their vendors mostly C&#39;s and D&#39;s, and a good number of incompletes.
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Protectionist barriers such as visa restrictions may only accelerate the trend of U.S. companies outsourcing software development work offshore, according to IT market analyst Edward Yourdon in a book on outsourcing, scheduled for release October.
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The big research houses have been trimming their forecasts for global technology spending, but one forecaster thinks foreign spending will make up for a domestic slowdown.
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BANGALORE, INDIA --India is likely to lose market share in offshore business process outsourcing (BPO), from its current 80 percent to about 55 percent by 2007, according to research firm Gartner Inc.
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Asian powerhouses China and India have to grapple with some critical problems in their financial systems amid a projected slowdown in global economic growth, experts warn.
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The poor infrastructure of India's crowded cities is taking a toll and may even curb the growth of the fast-expanding outsourcing industry.
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US industry is increasingly turning to countries like Mexico and China for its manufacturing, and to India for high-end services like computer programming.
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But mergers and outsourcing will keep tech job security in flux, according to report.
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Continued robust expansion in developing countries will help offset a slowdown in the United States this year amid concerns of a possible recession in the world's largest economy
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BANGALORE, INDIA -- The purely offshore outsourcing model is out of favor, and Indian business process outsourcing (BPO) companies are finding that they need U.S. facilities and staff to run operations for their American clients.
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Geopolitical instability, a looming economic slowdown, competition from startups and a rivalry with the world's largest software company haven't dampened Wall Street's enthusiasm for newly public VMware Inc.
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Singapore/Taipei, September 6: The world&#39;s top contract chip makers are not yet feeling the slowdown in demand that led Intel Corp to cut its third-quarter forecasts, but analysts say the relief may be just temporary.
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Infosys Technologies Ltd., India's second largest software service company, plans to reduce dependance on U.S. customers to sustain growth in the face of a weakening dollar, according to news reports Thursday.
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(InfoWorld) - The appreciation of the Indian rupee against the U.S. dollar is affecting the margins of Indian outsourcers, the president of a trade association said Thursday. It's a difficult time for Indian outsourcers as they are already struggling with rising staff salaries, Kiran Karnik, president of the National Association of Software and Service Companies (NASSCOM), said Thursday. The rise of the rupee against the dollar has Indian outsourcing companies worried, as two-thirds of their business comes from the U.S. The rupee has appreciated against the dollar by about 8 to 9 percent in the last three months, Karnik said. A rising rupee has pushed down exporters' rupee revenues, even as their costs locally go up, he added. To help firms cope with the currency issue, NASSCOM is asking the Indian government to restore some of the export incentives that were earlier provided to Indian outsourcers. However, the government may not be in a mood to extend incentives to the outsourcing industry, which is generally seen as one of the more successful sectors of the Indian economy. Export revenue of a large number of Indian outsourcing companies was brought under the tax net in February after India's Finance Minister P. Chidambaram imposed a minimum alternate tax (MAT) on income that was covered under tax breaks. A large number of the operations of Indian outsourcing companies were set up under an export-promotion plan called the Software Technology Parks of India (STPI), which entitled them to tax breaks. But the STPI plan ends next year. Companies seeking tax benefits now have to move their operations to special economic zones, something that's not feasible for outsourcing firms, which have operations in multiple locations close to where staff are available. NASSCOM wants the STPI plan extended, and the MAT rolled back in the wake of the rupee appreciation, Karnik said. India's Minister for Commerce and Industry Kamal Nath promised earlier this week a package for exporters, in the wake of the appreciating rupee, but didn't outline specifics.ADVERTISEMENTIBM Information On Demand 2006Industrial Industry Leaders, please join us at IBM's premier information management global event, IBM Information On Demand 2006, October 15-20, Anaheim, CA. More IBM business and technical solutions content in one place than ever before! Select from  over 800 sessions. Register today!
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US Undersecretary of Commerce Kenneth Juster, right, winks as he speaks to Indian Minister for Science and Technology Kapil Sibal at the India US Information Security Summit in New Delhi, India, Tuesday, Oct. 12, 2004.