Cognizant sees no drop in IT budgets
A survey commissioned by Cognizant Technology Solutions has found that a majority of its customers expect their IT budgets to stay unchanged or increase in 2008.
By TNN |
CHENNAI: In what might be seen as a positive outlook for the Indian software sector amid concerns over a slowdown in the US, a survey commissioned by Cognizant Technology Solutions has found that a majority of its customers expect their IT budgets to stay unchanged or increase in 2008.
Cognizant president & CEO said the findings were from a formal survey it conducted during its recently concluded North American user conference. “Respondents indicated that an increasing portion of their overall IT budgets in 2008 will be directed to outsourcing,” he said in a statement.
“The results from this formal survey give us optimism about our growth opportunities for 2008. As we move forward into next year, we are confident of the long-term strength of our business model and the broad-based foundation we have in place to meet the sustained strong demand,” Mr D’Souza said.
Cognizant president & CEO said the findings were from a formal survey it conducted during its recently concluded North American user conference. “Respondents indicated that an increasing portion of their overall IT budgets in 2008 will be directed to outsourcing,” he said in a statement.
“The results from this formal survey give us optimism about our growth opportunities for 2008. As we move forward into next year, we are confident of the long-term strength of our business model and the broad-based foundation we have in place to meet the sustained strong demand,” Mr D’Souza said.
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