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Outsourcing on the Way Out

Outsourcing on the Way Out The TPI Index, developed by the TPI sourcing data and advisory arm of Information Services Group, found that the number of Q2 contract awards valued at $25 million or more fell by 7.5%. No Title Annualized contract value (total contract value divided by duration of the contracts) fell 5% from […]

Jul 23, 2009
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1Outsourcing on the Way Out

The TPI Index, developed by the TPI sourcing data and advisory arm of Information Services Group, found that the number of Q2 contract awards valued at $25 million or more fell by 7.5%.

2No Title

Annualized contract value (total contract value divided by duration of the contracts) fell 5% from Q1 to $3.6 billion. Compared to the first half of 2008, the previous six months saw 11% fewer contracts, 22% lower total contract values and 28% lower annualized contract values for outsourcing.

3No Title

If 2009 were to equal 2008 performance, outsourcing vendors would need to sign up $53 billion in total contract value during the next six months. As it stands, contract values are on track to fall to 2001 levels.

4No Title

India’s largest outsourcing company, Wipro, reported a 3.3% decline in U.S. dollar revenue for IT services last quarter.

5No Title

Meanwhile, Infosys Technologies reported that its fiscal year ending March 2010 is on track to drop by up to 4.6% over the previous year.

6No Title

Recent figures from the National Association of Software and Service Companies show revenue growth from offshoring will still hit 10% this year. That’s still far below 29% growth in 2007.

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