News of the US slowdown affecting the profitability of Indian software companies might scare investors, but software companies seem to believe that their existing business models will see them through these turbulent times.
Business Standard sent a questionnaire to the leading south-based software companies to find out how they were coping. Only Polaris Software, Satyam Computers, SSI Technologies and Cognizant Technology Solutions responded.
All the four IT companies were unanimous in saying that their current business model was sufficient and they saw no reason to change it.
Arun Jain, CMD of Polaris, said,