Looking In It Outsourcing Field This Year
This is the year of predicted to be a year for the IT outsourcing to advance and the demand for such type of services will also see an increase
. IT operations have already proven its importance in any industry, especially with the current position of the market, having an exemplary and streamlined IT process is indeed leverage for any type of company.There are different IT solutions that a company can tap, depending on the needs of your company; among the different solutions being offered by IT outsourcing solutions providers are application development, quality assurance and testing, and technical support. As one of the things that may reflect the improvement in the IT solutions branch of outsourcing this year would be Tech Mahindra's recent announcement. Tech Mahindra (NSE:TECHM), an IT outsourcing company based in Pune, India, released its results for the first quarter ending June 30, 2011 and it showed that there has been an increase of 15% on its Year-on-Year global revenue.
This growth in the company can be attributed to the developments Tech Mahindra underwent, such as tapping the African market, among other emerging markets, and building up a facility in the region, and being selected by Microsoft (NASDAQ:MSFT) to set up an Encoder Conformance Testing Lab for video encoders. In another light, there seems to be an increase in job opportunities concerning the IT sector in the European region.
Randstad (AMS:RAND), a recruitment company based in Europe, pointed out that IT professionals looking for a job are highly likely to become successful in their search as there has been a continuous increase in jobs related to the IT sector in London, UK. As the demand for IT outsourcing improves, both companies and professionals alike are becoming optimistic.
IT outsourcing companies, just like any other type of company, are definitely to see a chance for them in a negative situation. In the United States, there is a growing concern for a recession as the credit ratings in the country downgrades.
The weakness in the economic of the United States gives both outsourcing and off-shore companies an opportunity the advantages to outsource than continue hosting their services in-house. While IT outsourcing solutions providers consider this as an advantage for them, companies in the United States are being torn between moving its IT processes off-shore and keeping the jobs on-shore.
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