Global Players Loose Ground As Indian IT Majors Gain

According to a new report released by the global research firm Forrester, its advantage India as Indian IT companies are seen to be scoring over their global peers including the giants like IBM and Accenture on the revenue and profit growth parameters.

The report which analyzed the performance of global IT vendors and their Indian counterparts concludes that tier one Indian providers have continued to thrive while major global players are continuing to lose ground.

Forrester Research Vice President Stephanie Moore said that many global service providers are continuing to lose ground to large Indian firms, especially in the application services market.

While most legacy service providers worldwide have posted minimal to negative growth in the recent past, companies like Infosys, TCS and Wipro have all reported outstanding revenue and profit growth for their latest quarters, she added.

The report says that Indian providers are clearly outsmarting global majors in terms of growth and profits, while global majors are struggling to compete in the more efficient and transparent world of IT service provisioning created by the Indian vendors.