Analysts say that the challenging phase for the IT sector might now be over; companies could grow on a quarter-on-quarter basis
The All India Coders' Association is out on the streets chanting slogans against IT bosses.
Indian IT services firms such as Wipro, Infosys, Cognizant and Mindtree are increasingly signing fixed price contracts with clients as they look at using optimal resources and automation to deliver software projects, to combat slowing business in traditional services.Software services firms traditionally billed clients on time and material or the number of people deployed on projects. As customers cut costs and demand efficiency, these firms are shifting to fixed price contracts allow them to have better control on resources and also result in automation. Wipro, Infosys, Mindtree have increased revenue from fixed price contracts from customers last year, while Cognizant witnessed a marginal growth.For Wipro, the third largest IT services firm, fixed price contracts contributed 57.1 per cent of the revenue, while for Infosys, it was 49.4%, nearly five per cent jump in revenues from the model that allows flexibility to deploy tools to deliver services to customers. With the technology .
Against offers of Rs 2.25 lakh per annum two decades ago, they have risen only to Rs 3.5 lakh now
The domestic arm of the French IT major employs nearly one lakh engineers in the country
Japan currently accounts for 2% of the near $110 billion IT services export revenue of Indian firms
IT outsourcing advisory Information Services Group, estimates 5,565 contracts, valued at $201 billion are up for rebids by 2018