Tata, Infosys, Wipro profits surge
2006 closed on a high note for India’s biggest outsourcing providers, aka The Big 3. Tata Consultancy Services, Wipro and Infosys Technologies all reported major profit growth in Q4.
In a trio of stories, Forbes.com reports Tata posted a 47.3% rise in profits and revenue was a record $1.1 billion, up 40.7% from 2005; Wipro, whose quarterly profit rose 40% and beat expectations, saw an almost seven-year high of its shares; and Infosys reported a 52% rise in profits and a net income of $218 million for Q4 of 2006, up from $143 million in Q4 of 2005.
But does this matter to SMBs? In our last readership survey, we asked SearchSMB.com readers if their organization outsourced in 2006 and if they planned to in 2007. The responses didn’t shed any new light on the topic — 49% did outsource in 2006, 46% didn’t; 40% plan to this year, 39% don’t — except to say that there doesn’t seem to be a gray area with outsourcing: You’re either for it or you’re not.
Posted: January 18th, 2007 under Outsourcing.
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