Tuesday, January 13, 2009

Global CIO: Satyam Scandal Isn't The End Of Indian Outsourcing -- Satyam Scandal -- InformationWeek

The recent confession about inflated revenue, profits, and accounting fraud exceeding $1.5 billion by Satyam Computer Services chairman and CEO Mr. Ramalinga Raju has put everyone linked to the Indian software industry in total disbelief and frustration. Only a few weeks back, Satyam was considered as one of the four pillars of the success story of the Indian software industry in the global economy. Along with Infosys, Tata Consultancy Services, and Wipro, Satyam was known for its coveted Fortune 500 clients, innovative software projects, capacity to train thousands of software engineers, and best-in-class certification of software engineering practices.
Global CIO: Satyam Scandal Isn't The End Of Indian Outsourcing -- Satyam Scandal -- InformationWeek

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