Demand fall appears to have halted: TCS

Tata Consultancy Services is seeing a halt in demand decline for outsourcing services.

Written by Reuters
Bangalore | June 17, 2009 03:30 PM IST

1 min read

Tata Consultancy Services Ltd,India’s biggest software exporter by sales,is seeing a halt in demand decline for outsourcing services,its Chief Financial Officer S. Mahalingam said on Wednesday.

An army of low-cost English-speaking engineers had driven 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 slowed the scorching pace of growth.