Indian software industry buoyed by recovery in U.S.

摘要

Bangalore, India ― The Indian software industry is smelling a turnaround in its main market, the United States. The long-anticipated rebound, coupled with a marked uptick in outsourcing, is sending stocks surging here and sparking a hiring boom. When Infosys Technologies Ltd., one of India's best-known software export firms, announced its quarterly results just over a week ago, the stock market bolted forward as it had not done in the last two years. Shares of Infosys and other tech firms rocketed, confirming the software industry's expectations that it has shrugged off a slow-growth period that began in 2001. The mood is upbeat across the board, from large software exports firms like Infosys and Satyam to smaller companies such as Polaris and Mindtree.