InfoAnda - Little first-quarter growth seen for India outsourcers, recovery hopes fade |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Three squeeze into Hot Tub | Entertainment | | 1 May 2009
Pakistan troops evacuate thousands in flood disaster | 8 August 2010
Burger King Campaign Urges Facebook Users To Drop 10 Friends For A Whopper | 13 January 2009

Russia says has new evidence against opposition leader | | 1 December 2012

Forum Views () Forum Replies ()

Read more with google mobile : Little first-quarter growth seen for India outsourcers, recovery hopes fade |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Mark Leonard Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Tom Cruise, Katie Holmes eye settlement: reports 08 Jul 2012 Parasite tied to self-harm, suicide attempts 06 Jul 2012 Texas to test 1965 voting rights law in court 08 Jul 2012 Obama team targets Romney over taxes, Republicans cry foul 08 Jul 2012 Obama invites Egypt's Islamist leader to U.S. 08 Jul 2012 Discussed 254 In California, immigration bill designed as the ”anti-Arizona” 113 Scientists to unveil milestone in Higgs boson hunt 82 U.S. hiring seen stuck in low gear in June Watched Vote counting continues into the night in Libya Sun, Jul 8 2012 Military vehicles enter Syrian cities, as Annan arrives for negotiations. Sun, Jul 8 2012 Rocket launch a boost for California start-up Fri, Jul 6 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Dalai Lama in exile A look at the life of Tenzin Gyatso, the 14th Dalai Lama of Tibet. Slideshow Space odysseys From the scientists on the ground to stunning views from space, a look at man's continuing exploration into the final frontier. Slideshow Libya’s Arab Spring Almost a year after ousting Muammar Gaddafi in a NATO-backed rebellion, Libyans head to the polls. Slideshow Little first-quarter growth seen for India outsourcers, recovery hopes fade Tweet Share this Email Print Related News India stuns, keeps rates steady as growth crumbles Mon, Jun 18 2012 India could be 1st BRIC to lose investment grade-S&P Mon, Jun 11 2012 Analysis & Opinion Great potential in India long-term growth story India Market Weekahead – Time to book partial profits Related Topics Tech » Media » By Harichandan Arakali BANGALORE | Mon Jul 9, 2012 3:06am EDT BANGALORE (Reuters) - Uncertainty about spending by U.S. and European clients in a weak global economy will likely weigh on the earnings of Indian outsourcers, dampening hopes that demand will pick up in the second half of the year. India's $100 billion-a-year information technology and back-office outsourcing industry earns about three-quarters of its revenues from customers in the United States and Europe. Analysts expect No.2 ranked Infosys Ltd., the only top-three vendor to provide a full-year forecast, to pare its revenue growth estimate for the current fiscal year to as low as 5 percent when it posts quarterly earnings on July 12. The company in April had forecast 8-10 percent growth for the fiscal year ending March 2013, already disappointing investors enough to cut 13 percent of its market value on the day. It has gained about 2 percent since. The National Association of Software and Service Companies, or NASSCOM, an industry lobby, expects the industry to grow exports by 11-14 percent in the current fiscal year that ends in March. Customers continue to hold back discretionary spending due to the extended euro-zone crisis and the absence of unequivocal data that an economic recovery is under way in the United States, the Indian providers' biggest market. "Hopes of a recovery in the second half are just that, hopes," said Apurva Shah, head of research at BNP Paribas Mutual Fund, which manages investments of about $750 million, including in the top Indian IT companies. Due to the continued uncertainty in the demand environment and discretionary spending not coming through, the fund was "underweight" on the sector, Shah said. FADING FAST The sluggish global economy is prompting clients to demand more for every dollar spent. This adds to the pressure on billing rates on a commoditized set of services that Indian firms, competing with Accenture and IBM, rely on for the bulk of their revenues. "The depressed situation in the west appears to continue to be of concern, but the hope is that they will recover slowly," Tata Consultancy Services Chairman Ratan Tata said at the company's annual shareholder meeting on June 29. Shares of Infosys, which has a market value of about $25 billion, are down about 11.5 percent this year, while those of top-ranked TCS are up about 8.7 percent. By comparison, the main 30-share Bombay index has gained about 13 percent. A weaker first half may have been factored in by the street, but "hopes for recovery in 2HFY13 are fading fast," Bhavin Shah, chief executive of Equirus Securities, said in a July 2 report. He has an "underweight" rating on the IT sector. For the June quarter, analysts expect little or no sequential dollar-term sales growth for Infosys. The company may say sales grew 0.5 percent, Deutsche Bank analyst Aniruddha Bhosale said in a note. Bhosale, who advises clients pick TCS, expects it to report sequential growth of 2.6 percent. Infosys is seen posting a profit of 23 billion Indian rupees ($413.71 million), compared with 17.2 billion rupees a year ago, while TCS is seen coming in at 29.7 billion rupees, 23.3 percent more than the year-earlier period, according to Thomson Reuters I/B/E/S. The companies are expected to benefit from an 8.5 percent fall in the rupee during the quarter. However, analysts see some negative cross-currency effect due to the move in the euro and British pound versus the U.S. dollar. "The rupee depreciating is not a reason good enough to play these stocks, as the outlook in terms of overall demand remains weak," Apurva Shah said. ($1 = 55.5950 Indian rupees) (Additional reporting by Aradhana Aravindan in MUMBAI; Editing by Matt Driskill) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 9 July 2012
Mexican electoral officials confirm Pena Nieto win |
Egypt president recalls parliament, generals meet |
Saudi police arrest prominent Shi'ite Muslim cleric |
Congo rebels seize strategic eastern town |
As Panasonic TVs flicker, new chief offers tough love |
Netflix shares could continue to rise: Barron's |
Nokia-born startup to launch MeeGo smartphone |
Chris Brown's Fortune spins to top of UK charts |
Libya's Jibril calls for grand coalition |
Gunmen kill seven in attack on Pakistan military camp |
Annan starts talks with Assad in Damascus |
Analysis: Syria crisis shows limits of rising Turkish power |
Egypt president recalls parliament, generals meet |
Russia mourns floods victims, Putin faces awkward questions |
Greek government wins confidence vote, bigger battles loom |
Little first-quarter growth seen for India outsourcers, recovery hopes fade |
Sharp to pay $198.5 million to Dell, two others to settle TFT case |
Netflix shares could continue to rise: Barron's |
Privacy risk from ads in apps rising: security firm |
Gartner raises global tech market growth forecast |
Oscar-winning actor Ernest Borgnine dead at 95 |
New Spider-Man comes out swinging in box office win |
Tom Cruise, Katie Holmes eye settlement: reports |
EU, Iran diplomats to meet for nuclear talks in July |
Kenya trials at war crimes court to start in April |
Mexican leftist refuses to accept election result |
Brazilian strategists star in Venezuela election |
Congo rebels withdraw from eastern town |
Hollande to stand by ban on Armenian genocide denial |
Ultra-Orthodox feel they are in dialogue of deaf with secular Israel |
Samsung wins court case against Apple because it's not as cool |
As TVs struggle, new Panasonic chief prepares thorough review |
Cell phone companies see spike in surveillance requests |
Microsoft to buy display maker Perceptive Pixel |
Palo Alto, Kayak set expected IPO price range |
Sirius XM raises 2012 growth target on subscriber boost |
Global tech market growth stabilizing: Gartner |
EU drafts bill to speed up music copyright pay |
Socialite Denise Rich dumps U.S. passport |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01