Lower earnings of IT companies per project- Clients ask IT firms like Infosys, TCS to bid for low-end projects through reverse auctions

BANGALORE: Some outsourcing customers are asking software companies to
bid for low-end back-office and application development projects
through reverse auctions, adding to the competitive pressures for
large companies like Tata Consultancy Services and Infosys.
For established outsourcing clients such as General Electric, as well
as small- to -mid-sized firsttime outsourcers in the US, Europe and
the Middle-East, reverse auctions are bringing down billing rates by
up to 40% in some instances and 10-15% on average.
Unlike an ordinary auction where buyers compete to procure goods or
services, in a reverse auction, sellers of outsourcing services are
asked to compete with each other for a portion of a software or
contact centre project.
Read more at: http://economictimes.indiatimes.com/tech/ites/clients-ask-it-firms-like-infosys-tcs-to-bid-for-low-end-projects-through-reverse-auctions/articleshow/11429049.cms

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