InfoAnda - Indian IT services may see uptick in client spending |

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

Son of late Iraqi Shiite leader takes over party | 1 September 2009
Clinton promises U.S. will back Gulf security | | 31 March 2012
Cheescake Factory named top casual dining spot | 5 October 2011

France, China presidents hold clear-the-air meeting | 2 April 2009

Forum Views () Forum Replies ()

Read more with google mobile : Indian IT services may see uptick in client spending |

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 Aerospace & Defense 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 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 Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Anatole Kaletsky Reihan Salam 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) Slideshow 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 "Sexiest woman alive" Mila Kunis Actress Mila Kunis has been dubbed "the sexiest woman alive" by Esquire magazine in its November issue out this week. Slideshow Health care in the US Health care, Obamacare and its future are key issues in the 2012 presidential election. A look at the state of health care in America. Slideshow Follow Reuters Facebook Twitter RSS YouTube Read Sandusky gets 30-60 years prison for child abuse 11:07am EDT Turkish president says "worst case" unfolding in Syria | 08 Oct 2012 Greek police clash with protesters during Merkel visit 10:08am EDT Nobel for quantum "parlor trick" that could make super computers | 10:46am EDT Esquire names Mila Kunis "sexiest woman alive" 08 Oct 2012 Discussed 254 Romney’s strong debate showing puts Europe on edge 157 Obama and Romney battle over economy at debate 155 Weak U.S. labor market looms ahead of elections Sponsored Links Indian IT services may see uptick in client spending Tweet Share this Email Print Related News Progress Software says CEO resigns, warns on revenue Mon, Oct 8 2012 RPT-Shopping or browsing on Main St? India's Big Data firms know Sun, Oct 7 2012 Informatica profit warning hits tech sector shares Thu, Oct 4 2012 Accenture bets on outsourcing business to drive growth Thu, Sep 27 2012 Oracle sees software growth amid weak hardware sales Thu, Sep 20 2012 Analysis & Opinion Temporary market correction an opportunity to buy Related Topics Tech » Media » 1 of 4. Workers are pictured beneath clocks displaying time zones in various parts of the world at an outsourcing centre in Bangalore February 29, 2012. Credit: Reuters/Vivek Prakash By Harichandan Arakali BANGALORE | Tue Oct 9, 2012 6:08am EDT BANGALORE (Reuters) - India's leading software exporters could see a modest uptick in outsourcing business from the United States and Europe despite a warning on Tuesday from the International Monetary Fund that it sees the risk for a serious global slowdown as "alarmingly high." India's National Association of Software and Service Companies, or NASSCOM, expects the sector to expand exports by 11-14 percent in the current fiscal year that ends in March, compared with 16 percent last year and about 30 percent before the global financial crisis. India's $100 billion software and services industry relies on the United States and Europe for three-quarters of its revenue. "We are far from a situation that is reassuring, but the general view is that the economic situation, especially in the U.S., has improved in the last few months," Apurva Shah, head of investment research at BNP Paribas Mutual Fund in Mumbai, told Reuters. "Even though the IMF is not saying anything new, coming from them, people are bound to sit up and take notice. The worry is that any small thing can still suddenly take us back. "Anecdotally, especially from the larger IT companies, it seems as though the second half of the year might be slightly better," Shah said. Any pick-up in momentum would cheer investors, especially those in No.2 provider and industry bellwether Infosys Ltd, whose shares are down by a tenth this year after missing revenue targets, lagging the 21 percent gain in the broader market. Infosys is expected to post a 24.9 percent rise in profit in the quarter ended September 30 to 23.8 billion Indian rupees ($453.59 million), according to Thomson Reuters data, when it kicks off the quarterly earnings season on Friday. "The mood is a bit upbeat now," said Sudin Apte, CEO of Offshore Insights, an outsourcing market consultancy that recently surveyed 267 companies worldwide on their technology spending plans. Apte expects a loosening of purse strings compared with six months earlier, not a dramatic shift. "Now you're going to see at least a little bit acceleration in decision making," he said. Infosys has gained nearly 18 percent since hitting a low in July when it announced a deeper-than-expected cut to its full-year growth forecast. Its larger rival, Tata Consultancy Services Ltd (TCS), added almost 22 percent from its April low this year. "Infosys has rallied sharply on expectations that there are no further risks to FY13 revenue guidance," UBS analyst Diviya Nagarajan wrote on Oct 4. Nagarajan expects Infosys to forecast full fiscal year revenue growth of 6 percent, including a 1.5 percent boost from its recent acquisition of Swiss consultancy Lodestone. That implies 4.5 percent growth in Infosys' legacy business, slightly below the company's guidance of 5 percent. "We think a cut to organic revenue guidance would be a negative surprise," she wrote. Last month, Infosys agreed to pay about $350 million for Lodestone, which specializes in advising large corporations, such as automaker BMW, on the best use of business management software by SAP AG. The purchase is the largest ever for a company that has been criticized by investors for not being bolder with its $3.7 billion in cash. Infosys and Tata face increased competition for outsourcing contracts from global players including Accenture and IBM. In a sign that corporate clients are eager to cut costs but are yet to take the plunge on discretionary spending, global rival Accenture grew its outsourcing revenue 10 percent in the quarter that ended in August, even as consulting revenue fell. TCS, which will report earnings on Oct 19, is seen reporting a 35 percent rise in quarterly profit to 33.1 billion rupees, Thomson Reuters data showed, while TCS CEO N. Chandrasekaran has stuck with a bullish tone. The outlook is "looking good, looks positive, there's no negative news," he said on Sept 25. Demand for cost-cutting by clients in the UK, Germany and France is potentially to the benefit of outsourcers if it means moving some functions to lower-cost offshore locations. "Indian companies are more aggressive in continental Europe than ever before," said Frederic Giron, a principal analyst with Forrester Research, who advises corporations on their outsourcing strategies and choice of vendors. "Even second-tier IT companies are increasingly trying to get on the radar of European IT buyers," Giron said. ($1 = 52.4700 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 Tuesday, 9 October 2012
Liberian Nobel laureate quits over government corruption |
Egypt's Mursi pardons political prisoners |
Analysis: Iran government likely to win battle of wills over currency |
London Mayor upstages PM Cameron at party conference |
Senator works on tighter U.S. sanctions for Iran |
Thousands of Greek protesters tell Merkel she is not welcome |
Eritrea calls for lifting of sanctions, rejects U.N. accusations |
Facebook pitches new $20 million Sponsored Stories settlement |
Facebook partners with retailers to test want button |
If Internet governance ain't broke, don't fix it: U.S. |
Danny DeVito, Rhea Perlman split after 30-year marriage |
Wizard of Oz dress set for auction, could fetch $500,000 |
Dexters Michael C. Hall takes a turn toward dark laughs |
Girls creator Lena Dunham signs advice book deal |
Creator of Sopranos back with rock'n'roll tale |
Lost diaries help solve young Mona Lisa mystery |
Isolated North Korea says its rockets can hit U.S. mainland |
Insight: Growth crisis exposes burden of French largesse |
Italy's Berlusconi says may not stand in 2013 election |
Suicide bombers hit Syria security complex: rebels |
UK PM will not soften austerity despite IMF growth cut |
U.S. diplomatic security unit under scrutiny after Libya attack |
Afghan addicts help run daring new restaurant in Kabul |
Mexico says marines may have killed top Zetas drug lord |
Insight: Frugal Amazon opens checkbook for streaming video |
Zynga executive overseeing key poker game departs |
Exclusive: Intel's McAfee security plans layoffs |
Telefonica targets retailers with street smart data |
San Francisco's car-sharing services flourish despite regulators |
U.S. report dashes China telecoms' expansion hopes |
Hacker group says attacks Greek official websites |
Esquire names Mila Kunis sexiest woman alive |
Danny DeVito, Rhea Perlman split after 30-year marriage |
Thriller Taken 2 grabs movie box office crown |
Eleven euro states back financial transaction tax |
Syria clashes intensify near Turkey border |
Body of slain Mexico top drug lord stolen: prosecutor |
Taliban shoot 14-year-old Pakistani peace campaigner |
Huge ammunition explosion rocks Russian city |
Iran budget under pressure, Ahmadinejad says |
China rejects U.S. accusations against telcoms firms |
France's Hollande wins left-wing backing on fiscal pact |
Chilean Catholic bishop accused of abuse resigns: Vatican |
About one third of South African truckers end strike |
China rejects U.S. accusations against telcoms firms |
Twitter's Jack Dorsey cuts back on executive chairman role |
ST-Ericsson parents say working with advisor on strategy |
Indian IT services may see uptick in client spending |
London art bonanza looks to past to bolster future |
Elle Fanning becomes British '60s teen in new Sally Potter film |
Rushdie film to get India release despite protests |
Tokyo to NYC street-life shines in Tate photo show |
World Chefs: Phan shares food, journey from Vietnam |
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