Outsourcing Industry Still Have Strong Demand : TCS
Tata Consultancy Services Ltd (TCS) stated that outsourcing industry is still strong despite economic weakness in U.S and European markets.
TCS said that their clients are mainly global corporations that account for half or more than half their revenue from overseas markets and hence small impacts are not in count.Though company also said that global uncertainty could lead cuts in IT budgets and result in demand compression, pricing pressure and increased credit risk from vulnerable clients.
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