IT firms uncertain about US business
Despite the robust growth reported by the large information technology (IT) companies over the last few quarters, uncertainty persists about spending by clients over the coming year in the key US market as economic data from the country isnâ€™t positive.
India earned nearly two-thirds of its software and backoffice exports of $49.7 billion (Rs.232,000 crore) in fiscal 2010 from the US. This year, the industry expects to grow 15-18% on increased business flow from customers.
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