Taking IT Offshore Weekly: Macro Scare Is In the Air 2012 Off to Less than Optimal Start – Market Analysis

IT services was in focus this week. Investor’s began the week on a sour note with Cognizant lowering annual guidance three months into the year. The adjustment comes on the heals of some lackluster March performances and mediocre June guidance. The combination of data points leads us to believe that a “Macro Scare Is In The Air?” The caveat is that the situation is nowhere as extreme as 2008/2009 with some signs of a pick up after a slow start. In tricky environments like this, we suggest focusing in on the quality of the company’s business models because if there are continued slow downs on the macro side, no one will be safe.

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Joseph D. Foresi
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Joseph D. Foresi

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  • Business Challenge
  • Contract
  • Function
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  • IT Applications
  • IT Infrastructure & Applications
  • Multisourcing
  • Service Level Agreement (SLA)
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