U.S. companies dare not speak its name, but "offshoring" seems to be on the rise.
Research firm IDC recently predicted the worldwide market for offshore information technology services will more than double between 2003 and 2008 to $17 billion.
Another sign that U.S. businesses are eagerly sending IT tasks to lower-wage nations can be found in the healthy financial results of India-based tech companies. Infosys Technologies, for example, saw its revenue hit $379 million for the September quarter, up 51 percent from the same period last year. Its net income soared 49 percent to $97 million. … Read more