Outsourcing booms, although quietly amid political heat

In today's WSJ (Wall St. Journal Monday, October 18, 2004 p. B1) says although U.S. companies are reluctant to talk about outsourcing the practice is actually accelerating but many companies are waiting for the elections to be over with before announcing orders. This is according to Suresh Senapty, CFO of Wipro Ltd., a large Indian technology-outsourcing company based in Bangalore. In another part of the article two other Indian information-technology companies showed quarterly revenue increases of 44% and 52%.
'Nuff said...


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