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Tuesday, May 18, 2004

Offshoring increases at faster pace, Forrester says via Infoworld

Forrester study says that "User interest in offshore services continues to rise particularly on the IT side,companies are looking to stretch their flat or declining IT budgets and looking at offshore as a way of doing more with less, or the same amount."Adding fuel to the offshore services fire is the fact that offshore vendors and U.S.- based services providers have added to non-U.S. facilities and services offerings, said Forrester analysts on the conference call. Leading Indian suppliers such as Satyam Computer Services Ltd., Wipro Ltd. and Infosys Technologies Ltd., have grown in terms of revenue and employees during the past year and a half, Forrester analysts said, allowing them to add to their portfolio of offerings. Meanwhile U.S. vendors such as IBM Corp., PeopleSoft Inc. and Accenture Ltd. in the last 18 months have added to non-U.S. operations not only in India, but in China and the Philippines as well, they said. Confirmation that the offshoring market is picking up
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