Mr. Foresi: I cover consulting and outsourcing companies, and I cover anything from BPOs, business process outsourcing, to offshore IT services. And then on the consulting side, it's mostly services companies located here domestically, in the U.S.
TWST: What specific outsourcing companies do you cover?
Mr. Foresi: I cover Accenture, Infosys, Wipro, Cognizant, Syntel, Patni and Longtop. On the BPO side, I cover companies like EXL Services, Genpact, ADP, Paychex.
TWST: Wipro has gotten a major LPO contract with Microsoft to do its IP work. Is this a stock to buy?
Mr. Foresi: I think in general what we've seen is an improvement in the fundamental demand trends behind a lot of the offshoring of IT services work, really beginning in September of last year. And what you've seen is a pickup in volumes, and you've really seen a return for client decisions. And that's really spread the growth of companies - not just Wipro, but also of Infosys, Accenture, Cognizant, Syntel. So you've seen a return to the table in the decision-making process, and I think that's what's really driving a reacceleration of growth, and also customers' needs to cut costs and to really do some tech spending, which hasn't taken place the last couple of years.
Tickers included in this excerpt: ACN, ADP, CTSH, EXLS, G, INFY, LFT, PAYX, PTI, SYNT, WIT
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