Patni Computer Systems Ltd. is shifting focus to the nascent outsourcing market in Japan to perk up its revenue growth, as the Indian software services exporter looks to cash in on the increasing need for companies in Asia’s biggest economy to cut costs.
“We would like to grow faster in non-traditional markets beyond the U.S. and the U.K.,” Chief Executive Jeya Kumar said in a recent interview.
“Its (Japan’s) stagnating growth and declining profitability creates a ripe environment for outsourcing…Japan will increase outsourcing.”
The New York Stock Exchange-listed company’s foray into Japan comes at a time when major markets–the U.S. and Europe–remain cautious on technology spending, mainly due to the slow pace of recovery from the global economic turmoil.
Japan is a $110 billion outsourcing market, with only 8.5% of the work being moved out of the country, Kumar said, indicating that there is still room to penetrate into this market.
Source:http://online.wsj.com/article/BT-CO-20100624-702296.html
