Peter Bendor-Samuel, founder & CEO, Everest Group

2 Jul 2009, 0341 hrs IST, Shelley Singh, NEW DELHI: The services players are far more mature than they were earlier. They are beginning to accept the lower growth rates and have evolved new business models to cope with the same, says Peter Bendor-Samuel, founder & CEO of the Everest Group, a Dallas-headquartered global management consulting firm. In an interview with ET, Mr Samuel shares his outlook for the technology services sector. Excerpts: The slowdown had quite an impact on the technology services industry. Nasscom has lowered the growth rate thrice in the past 12-18 months from 30-24% to around 16% now. How is the current situation? You have to think about the market in two pieces — discretionary spends by companies and the outsourcing space. The discretionary spends part got so heavily adjusted or crushed that it more... [read full story]                    

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