Wed, Jul 11th 2007 9:58am
There have been a lot of questions raised about the business prospects for Indian IT outsourcing firms, particularly due to wage pressure, the strength of the rupee against the dollar and a shortage of talented workers. One of the big ones in this group, Infosys, has reported earnings that should help allay people's fears, at least to some extent. While the Rupee is predicted to be a drag going forward, the core business, as measured in dollars, remains quite healthy. In other words, labor and currency concerns aren't stopping the company from profitably carrying out its business, at least not yet. The fact that Infosys continues to thrive in spite of theheadwinds is likely a reflection of its recognition that it's not just an "Indian" outsourcing firm, as they're typically perceived as, but a global firm, with a range of value-added offerings that happens to have a large base in India.
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