With a 20.6 percent rise in profits during the third-quarter, the release of Mahindra Satyam’s results, along with expansion and high profits from industry leaders such as Infosys show acceleration in outsourcing markets.
Satyam had been impacted by continued payments resulting to fraud claims stemming from its running by Ramalinga Raju. But with action concluded, the business is now able “to focus even more on the business-ready solutions for our customers," said Vineet Nayyar, chairman.
"We continue to strengthen our industry and alliance partnerships and explore multiple avenues for growth, including mergers and acquisitions”, said CP Gurnani, CEO.
The increase in reported profits by outsourcing leaders comes on the back of predictions of growth within the US and renewed demands for outsourced services, projects including Medicare have fuelled anticipation for future business.