Mabuhay!
Today is Saturday, May 19, 2012 in Manila. 
News Indian IT Outsourcing Firms to Post Strong Profits for 3Q – Survey (January 14, 2006 - GlobalSourcingNow) - A Reuters poll of 10 brokerages estimates the growth in the quarterly profits of Indian IT and outsourcing services companies to be between a minimum of 8.3 percent and a maximum of 56.9 percent, when compared to the same quarterly figure last year. The main reason attributed to the boom in quarterly profits is the gradual evolution of technology services outsourcing, with such contracts increasingly becoming long-term partnerships. Another contributory factor is the decline of the Indian Rupee against the US Dollar by around 2.3 percent in the October-December quarter. (Comment from O2P: The Philippines has only a few listed companies in the ITeS arena (software, call centers, BPO, etc.), thus it is more difficult to estimate profitability of our outsourcing industry. This however would be a very interesting exercise, and is another area where there is anecdotal data, but the "hard" data is lacking. Perhaps a worthwhile initiative for the industry associations, and/or for an objective consultancy project (...but who would fund such an initiative?). |
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