Outsourcers: Coming Down to Earth

The once high-flying shares of Indian IT consultants have retreated, giving investors an attractive entry point

The years between 2003 and 2006 could be considered a golden age for Indian IT service providers. Demand for consultants and providers of other technology services was high as companies hired them to find ways to cut costs and improve operations, sending the shares of Cognizant Technology Solutions (CTSH) and Infosys Technologies (INFY) flying through the stratosphere. Now they've tumbled back to earth, as worries about an economic slowdown grip the markets.

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