- Although volumes are expected to grow 30 per cent this fiscal, operating margins are under intense pressure.
- Despite the excitement about offshoring, the high-revenue, low-margins onsite business is growing.
- Geographical derisking strategy is not working and the share of revenues from north America is on the rise.
- Global firms with Indian development centres are competing on billing rates.
- Large orders from clients may actually translate into lower billing rates and afurther squeeze on margins.