Infosys client survey and offshoring market trends
In their earning release Infosys shared results of a survey they did with their top clients. In a number of ways it reflects the overall state of IT budgets and offshoring decision making in the marketplace today.
As per Infosys a survey with their top 135 clients done three to four weeks back shows:
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Only 61% had finalized their budget
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89% see a decrease in their IT budgets
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69% of these see their budgets are down by low double digits
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22% of their clients will likely increase offshoring
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5% will increase their offshoring by 10% or higher
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69% will reduce their offshoring spend
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57% of the folks surveyed expect a recovery period past March 2010
Infosys has lowered their guidance for FY10 to reflect the challenges they are facing in the market place. Three challenges they see in the market place which are common across all offshoring vendors
1. Growth Challenge
2. Currency fluctuation
3. Pricing Challenge
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