IT companies

The companies are happy with the additive growth which kept hiring 10,000 coders every year. The industry is now developing the competencies needed to win high value projects in new industry verticals. Oodles of cash ITS majors sitting on are also being used to make strategic overseas purchases. And wonder of wonders, miracle of miracles, indian ITS companies are finally serving the domestic IT market. Yet, there is no doubt that the ITS industry's magic moment has passed. ITS companies are becoming like a dull corporate monoliths. Like local pharma companies, they are not engendering real innovation and their value proposition is still rooted in wage arbitrage.