Gartner says global majors are taking away business from local firms, forcing them to cut billing rates
Gartner Inc said the margins of Indian software majors would be under pressure with leading global software services companies like IBM Global Services and Accenture expanding their operations in India, taking away business from these firms and forcing them to cut billing rates.
Gartner Vice-President Bob Hayward said at a press conference here that companies such as Infosys, Wipro and Satyam among others would see a pressure on their margins as a result of the entry of global players.