Patni sees flat budget next FY; BPO plans to face cost cuts

Software exporter Patni Computer Services that reported a drop in topline by 1.8% sequentially at Rs 789 crore during the fourth quarter ended December 2009, said that budgets for the next fiscal looks flattish though BPO-related projects could see rationalisation in cost structures. Surjeet Singh, CFO, Patni said that the firm was not witnessing any uptick in discretionary spending At the same time, Patni s top two clients GE and an insurance client have continued to show spend cuts. According to Singh these clients are expected to bounce back in the forthcoming quarters. He added that the firms will continue to ...

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