The IT Outliers
12/13/2012 9:02 PM Thursday
The IT sector is not being looked upon with too much of optimism, thanks to the gloomy set of news surrounding it. Despite this, there do exist some companies which are capable of swimming against the tide, thanks to their forward thinking and better strategising, says Sagar Lele
The BSE IT index has dropped by 5.67 per cent in December 2012 so far (till December 11, 2012). Recent events surrounding Cognizant, Syntel, Infosys and Hexaware have densely fogged the outlook for the Indian IT industry. While investors are turning increasingly pessimistic about the outlook for the industry, we have picked up a select few that have the ability to adapt themselves and find avenues for growth regardless of a dampened business environment.
Over a period of 1 year, the BSE IT index has yielded a negative return of 3.86 per cent versus a rise of 12.76 per cent in the Sensex.
Various factors across the globe, concerning different companies have dented the outlook for the Indian IT industry. For long, the IT industry has been facing issues like reduced customer spending and delayed decision making. Pricing pressures have been witnessed by many companies resulting in margins getting thinner by the quarter. This has been further aggravated by changes in technological trends, requiring companies to readjust their offerings and services.
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