With demand for basic software outsourcing work slumping, Indian IT services giants such as...

|By:, SA News Editor

With demand for basic software outsourcing work slumping, Indian IT services giants such as Infosys (INFY), Wipro (WIT), and HCL are trying to move upmarket into proprietary/value-added offerings. This has meant less hiring of entry-level coders, and more freedom for division chiefs the latitude to run their units as they see fit. Forrester thinks the industry's revenue/employee could grow at 5%/year over the next 2 years, up from 3% over the last 5. (Infosys big data/cloud products: I, II)