As America's top outsourcing customers aim to restore profits amid rising oil prices and weak consumer demand, they are asking Indian IT tech firms to do more with less -
Billing rates for back office, software development, Remote Infrastructure Managment and maintenance projects are already down by up to 15%.
Over the past few months US retailers Walmart and Home Depot , apart from Cisco , Ericsson and insurance firm AIG , have cut rates that could see profit margins for top tier IT companies like TCS , Infosys & Wipro and others fall by 1-3 % this quarter.
Also see September blog - We saw this coming almost 9 monts back ....
http://itservice-aj.blogspot.com/2010/09/low-cost-it-price-hike.html
-Cheers
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