Last year, much was made about the three Indian “biggies” — Infosys, Tata Consultancy Services and Wipro — hitting the billion dollar mark. Now, TCS, which is number one among the triad, has surpassed the $2 billion mark in revenues, reporting $2.24 billion for the fiscal year.
Yet, both Tata and Infosys foresee future flat growth, according to this coverage by Dinesh C. Sharma on ZDNet.com. The slowdown may be linked to US compliance issues, executive paralysis around privacy issues, and a greater emphasis on diversification into the European market. The latter, reports consulting firm TPI in its quarterly index analysis, is generating more of the “mega-deals” in outsourcing.