India’s two largest outsourcing companies, Tata Consultancy Services and Infosys Technologies, announced healthy growth in quarterly profits on Tuesday, indicating that Western corporations continued to vigorously outsource technology and back office operations.

India’s $17.2 billion outsourcing industry is flourishing as companies hire skilled yet inexpensive English-speaking programmers and call center workers to carry out technology projects and provide customer support for their American and European clients.

Tata Consultancy, which provides software services, said that its quarterly profit rose 20.5 percent while its closest rival, Infosys, said its profit rose 36 percent.

In results announced this week, smaller outsourcing companies like iGate Global Solutions and Aztec Software said they had nearly or more than doubled their quarterly profits.

Tata Consultancy, which is based in Mumbai, said Tuesday that its profit rose to 6.94 billion rupees ($155 million) compared with 5.76 billion rupees in the period a year earlier. Revenue rose 23 percent, to 29.83 billion rupees. Infosys said its earnings rose to 6.06 billion rupees from 4.47 billion rupees a year earlier. Revenue grew 31 percent, to 22.94 billion rupees. Read more…

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