The March quarter results of information technology companies were eagerly awaited. Demand for Indian IT services was bound to suffer as some large US banks failed and the financial sector faced a near collapse in the previous quarter.
This was followed by a new government coming to power in the United States and regulatory restrictions, in the form of outsourcing curbs, were anticipated. But the extent of damage to the Indian IT industry wasn't clear and the Q4FY09 results were expected to bring some much-needed clarity.
Infosys Technologies kicked off the results season on a sombre note. As we went to press, some other large IT companies such as Wipro, Tata Consultancy Services and HCL Technologies had also announced their quarterly performances.
Although the figures are varied, the challenges the companies faced during the quarter were similar -- their clients are mostly in a financial mess and have delayed finalisation of their IT budgets.
The ones who have done so have pushed down prices. That has put IT firms' margins under pressure. Along with this, foreign exchange volatility continued although the rupee's depreciation vis-a-vis the dollar contributed positively to the results.
Rahul Gandhi [Images] who has held centrestage for the Congress party during Elections 2009 by campaigning vigorously and opening the party's options in the post-poll scenario and reaching out to hitherto bitter political rivals in the name of development is expected to retreat into the background once the results are out.
rajastan depending more for yousuf and munaf others also should have responsibility for playing but rajastan winning again coz of great batsman for world yousuf and great bowler for world munaf
Re: KR Team Against RC
by Kaushik Mitra on May 12, 2009 09:40 AM
Agreed. Please send this to Buchanan.Apart from Buchanan and his Strategies,the other problems facing KKR are that Brendon is completely at sea and the young India/Bengal players have converted themselves to mere tourists.Zero contribution from them.
Re: KR Team Against RC
by Sathiya Narayanan on May 12, 2009 09:29 AM
any change in coach and team owner? then sure it will win. otherwise... add one more to the number of defeats.. or each can get one point if rain god helps kkr.
