The story in perspective makes a point.
Things are not as gloomy as the media reports want us to believe.
The points in support are :
1) The big Indian IT companies are hit by the US financial crisis, as a large share of their revenues come from the financial companies gone bust. Although the lack of money in the market due to over caution by financial institutions is affecting the general flow of the IT industry; still those IT companies which have interests in sectors like Telecoms, designing etc. are doing good business.
2) IBM and Google have shown positive results for the third quarter.
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Things are not as gloomy as the media reports want us to believe.
The points in support are :
1) The big Indian IT companies are hit by the US financial crisis, as a large share of their revenues come from the financial companies gone bust. Although the lack of money in the market due to over caution by financial institutions is affecting the general flow of the IT industry; still those IT companies which have interests in sectors like Telecoms, designing etc. are doing good business.
2) IBM and Google have shown positive results for the third quarter.
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