Fewer IT Outsourcing Contracts Going Around, Says Research Firm

Friday Aug 10th 2012 by Datamation.com Staff

The number of new IT and business process outsourcing contracts dropped 20 percent in the second quarter.

Computerworld: According to Everest Group, companies signed 411 new IT and business process outsourcing contracts in the second quarter of 2012, 20 percent fewer than in the same quarter of 2011. "The market is growing, but the pace of growth is slowing down," explained Everest Group's Salil Dani. The company believes the slowdown is due to economic conditions in Europe and U.S. concerns about outsourcing's bad political image.

The outsourcing contracts signed in the second quarter were worth about $2.3 billion.

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