We will see a bounce: Everest CEO

The global slowdown may have hit the technology services sector hard but it has also uncovered quite a few new things for the $60-billion sector. For starters, the services players are far more mature than they were earlier. They are beginning to accept lower growth rates and have evolved new business models to cope with the same, says Peter Bendor-Samuel, founder & CEO, Everest Group, a Dallas headquartered global management consulting firm. In an interview with Shelley Singh, Samuel shares his outlook for the technology services sector, what companies are doing, new growth engines and more. Excerpts: The slowdown had quite an impact on the technology services industry. Nasscom lowered the growth rate thrice in last 12-18 months from 30% to 24% to around 16% now. How is the situation now? You have to think about the market... [read full story]                    

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