IT spend in Asia Pacific improving: TCS

BANGALORE, INDIA: Tata Consultancy Services Ltd, India's top IT services firm by sales, is seeing an increase in corporate technology spending in Asia Pacific in the current quarter on signs of economic revival, an official said on Monday.

"I think there is a generally positive view that Asian economies are coming back," Girija Pande, Tata Consultancy's head of Asia Pacific operations outside India, told Reuters in an interview.

"Both global and local companies are investing back in Asia and the IT spend, therefore, is going up," he said. "I can already see green shoots in many countries in Asia where the growth is starting to come back again."

After posting a scorching pace of growth for years, India's outsourcing sector has been battling a slowdown as top global customers struggled were hit by the global financial crisis and economic downturn.

Indian software services firms such as Tata Consultancy and second-ranked Infosys Technologies are expanding in Europe and elsewhere to cut their dependence on the U.S. market, which accounts for over half the sector's revenues.