If the Infosys revenue report for the quarter ended December 31, 2009 is anything to go by, the offshore outsourcers are recovering and in fact managing to make profits. According to a Networkworld report , India’s second largest outsourcer, reported on Tuesday revenue of US$1.2 billion, up 5.2 percent over the same quarter in the previous year. Though the profit was only 0.6, the company has revised upwards its forecast for the fiscal year ending March 31.

2010 promises to be better with experts predicting new large deals by the second quarter, a revenue growth of about 15 to 17 percent by the end of the next Indian fiscal year, a 19% growth in the domestic market and a pick up in the global IT spend.

While all this is great news for the Indian outsourcers, experts also add that there is a lot of work to do. Siddharth Pai, a partner at outsourcing consultancy firm Technology Partners International (TPI), says that in order to take advantage of these upcoming opportunities, Indian companies will also have to invest in a variety of new technologies like cloud computing and green computing.
Also, he added, they will also have to start looking like global companies with the ability to service their clients from multiple locations. Long way to go for a happy ending…