But Indian IT provider achieves record annual revenue, and positive results for fourth quarter
UK firms' use of nearshore or offshore resources rose from 57 per cent of deals in 2007 to 66 per cent in 2008
Experts believe a major Whitehall offshoring deal with India's Tata Consultancy Services heralds a significant shift in public sector IT provision
Indian outsourcer forecasts even bigger fall during coming year
As public sector IT spending comes under pressure, the cost savings from offshore outsourcing become harder to ignore, despite political concerns and safety fears
Three biggest Indian IT firms report good performance, easing fears caused by Satyam scandal
Revenue up 24 per cent, but profit growth is slower
Flexible payment model expected to increase IT spending control at pharmaceutical giant
Indian outsourcing firm posts strong second-quarter results