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India IT companies cautious on growth, eye M&A

BANGALORE India's top IT firms expressed optimism about a gradual recovery on Wednesday but stopped short of flagging a sharp rebound in the near term on uncertainties about the strength of the global economic resurgence.

Indian outsourcers show signs of M&A appetite

BANGALORE Indian outsourcing companies are looking to step up deal momentum amid rising consolidation in the industry as they face the threat of their services getting commoditized. Companies such as Tata Consultancy , Infosys Technologies and Wipro have historically been conservative when it came to mergers and acquisitions and have shied away from large deals.

Indian IT firms back to their hiring ways

BANGALORE Indian IT service firms are looking to throw open their gates yet again to prospective employees as the gloom of the global recession lifts from the $60 billion industry and demand for outsourcing services improves.

Indian IT firms jump on cloud computing bandwagon

BANGALORE Indian IT firms may be forced to look beyond their bread-and-butter offshoring model, as a potential game changer in the form of "cloud computing," the hottest new buzzword in Silicon Valley, floats east.

India's Infosys to focus on small buys

BANGALORE Infosys Technologies Ltd , India's No. 2 software exporter, is focused on small acquisitions to boost growth and does not expect pricing to improve in the near term, a top executive said.

Indian IT firms eye continental Europe for growth

BANGALORE Indian IT firms are looking to offset their exposure to a recession-battered U.S. market by targeting high-growth geographies, and bidding for government projects on their home turf.

SAP says emerging markets stabilizing

BANGALORE German software giant SAP is seeing a stabilization of demand in emerging markets, including China and India, as its deal pipeline improves and companies loosen their purse strings for IT spending.

Quotes from the India Investment Summit

MUMBAI/BANGALORE Following are selected comments from speakers at the 2009 Reuters India Investment Summit that runs from Monday to Wednesday.

MphasiS sees pricing woes persisting

BANGALORE Indian software firm MphasiS Ltd expects pricing pressure to continue and does not see a significant increase in IT budgets in the near term, the firm's top executives said.

Indian techie logging out of downturn gloom

BANGALORE As pundits around the world talk of "green shoots" and a W-shaped recovery, a software engineer with a Bangalore-based IT firm is looking at her own personal economic indicator to find out if the gloom has evaporated.


Mahindra Satyam says not losing clients

BANGALORE Indian IT services firm Mahindra Satyam's customer attrition has stopped and it is not resorting to price cuts to bag new deals, a top company executive said.


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