Friday, October 9, 2009

MphasiS sees no ease in price pressure

India’s MphasiS is winning large outsourcing deals due to its relationship with Hewlett-Packard Co but pricing pressure is unlikely to ease in the near term, top officials said on Wednesday.

MphasiS, a mid-sized IT services firm in which HP owns a majority stake, is also not seeing an increase in the IT budget of its clients despite some improvement in the global economic environment.

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