US and BFSI still the key to IT cos

The US remains the predominant geography that contributes to the revenues of offshore IT vendors and BFSI (Banking Financial Services and Insurance) the main outsourcing vertical, suggests a comparison of June 2009 numbers of IT companies with those of June last year.

This despite the US being the epicentre of a global financial crisis, and BFSI the worst hit sector. For top IT vendors such as Infosys, TCS and Wipro, as well as large to mid-tier players such as Patni Computer and MindTree, the contribution to revenues from US-based clientele has been maintained or increased over the last three-four quarters.

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