BPO Trends Getting Stronger

Zacks reseach is always interesting to track. Indicators like Zacks #1 Rank (Strong Buy) to Zacks #5 Rank (Strong Sell)are quite interesting. Zacks research finds that the outsourcing industry has a high Zacks Industry Rank of 2.88, or 58th out of more than 200 industries. The research notes that in a growing economy, number of business services companies will continue to benefit from clients looking to streamline operations. The industry’s services include consulting, information and data, information technology, marketing, payment processing, staffing, and other outsourcing services.The report outlines strong growth in the outsourcing industry over the next three-to-five years. Outsourcing has moved from a luxury to a necessity for many companies recently, with no evidence of a slowdown. Companies can outsource a number of services to other companies, and thereby keep a greater focus on its core businesses. Accentuating our earlier view, the report writes that the industry has advanced from running software and data centers to a growing trend toward business-process outsourcing (BPO), where a company takes over the back-office functions for clients, such as human resources, payroll, travel services and accounting. The companies that Zaks has outlined in this study report for potential growth shows the range of services - staffing firms, analytics offerings, customer management services -that are possible - am linking this primarliy for this list. The myriad opportunities clealry shall create a larger economy around outsourcing