Infosys seeing good demand in India, Middle East

BANGALORE May 27 (Reuters) - Infosys Technologies (INFY.BO), India's second-largest software services exporter, is seeing good outsourcing business opportunities in India and the Middle East, a senior official said on Wednesday, as a global economic downturn crimps spending in developed markets. Nasdaq-listed Infosys (INFY.O) has won three deals in these markets over the last five months, Infosys senior vice president Subhash Dhar told reporters. Last month, Infosys forecast its first decline in annual revenue as global demand for outsourcing slowed in a harsh economic climate, halting growth for India's once burgeoning technology services sector. [ID:nBOM471257]

India's $60 billion IT outsourcing sector, which provides services from software coding to managing computer networks and call centres, faces weak demand and rising competition from global rivals such as IBM (IBM.N) and Accenture (ACN.N). (Reporting by Sumeet Chatterjee; Editing by Ranjit Gangadharan)