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Infosys' (INFY) guidance cut takes a toll on other IT outsourcing names. CTSH -3.8%. SAPE -2.7%...

Infosys' (INFY) guidance cut takes a toll on other IT outsourcing names. CTSH -3.8%. SAPE -2.7% ACN -1.1%. Wipro (WIT) fell 4% on the Mumbai exchange. Infosys also issued a disappointing Q1 report in April, and it was followed by an equally bad report in May from Cognizant. Europe's weak economy and currency are clearly problems, though Gartner has long been voicing concerns about the impact of cloud services on outsourcing.
Comments (1)
  • mike mohr
    , contributor
    Comments (452) | Send Message
     
    They have stolen all American jobs they can. How are they going to make money? Its down hill from here.
    12 Jul 2012, 09:21 AM Reply Like
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