New project momentum has come down: Infosys

Bangalore. Mar 5: India's leading outsourcing company Infosys Technologies said it is seeing a slowdown in getting new outsourcing contracts as a result of global slump. V Balakrishnan, the Chief Financial Officer of the company said that the new project momentum has come down, but has not seen any large-scale cancellation.

Kris Gopalakrishnan, the CEO of Infosys had earlier said that the company expected a slow IT business as the global recession forced clients to delay technology spending.

OneIndia News