wipro: Red flag? IT’s slump-driven offshoring work in reverse gear

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Large offshoring that had been taking place in the last 1.5 years on the back of numerous cost optimisation deals has either halted or has started reversing, expert comments and ET analysis show. Wipro, LTIMindtree, Coforge, Mphasis and Happiest Minds have seen their offshore contribution (efforts or revenue) decrease in the first quarter of fiscal 25.Offshoring is a practice of relocating work to another country in order to cut costs and



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wipro: Red flag? IT’s slump-driven offshoring work in reverse gear



Large offshoring that had been taking place in the last 1.5 years on the back of numerous cost optimisation deals has either halted or has started reversing, expert comments and ET analysis show. Wipro, LTIMindtree, Coforge, Mphasis and Happiest Minds have seen their offshore contribution (efforts or revenue) decrease in the first quarter of fiscal 25.Offshoring is a practice of relocating work to another country in order to cut costs and



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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