Wipro sees outsourcing recovery in 2009

Wipro sees a revival in the demand for outsourcing services as global
firms look to cut costs.

Wipro Ltd sees a revival in the demand for outsourcing services in the
second half of this year as global firms look to cut costs, the
joint-CEO of its IT business said on Monday.

"At least based on what we have seen, I would say that there is lot
more stability at this point of time," Girish Paranjpe said.

"Hopefully there will be some improvement post summer... second half
of this year."

India's third-largest software services exporter was facing demand for
price cuts from some of its clients but the company was able to
mitigate its impact by measures such as moving more work to low-cost
centres in India, he said.

A large pool of English-speaking engineers and cheaper wages drove an
outsourcing boom in India, but turmoil in global markets and a
recession in the United States, which accounts for more than half the
sector's revenue, have halted the scorching pace of growth.

Source: IE