IT outsourcing in India is still growing, with the top 20 firms reporting and average growth of over 13% year on year. Revenues posted for these top 20 firms combined for a total value of Rs 32,246 crore, according to Dataquest magazine.

The average growth rate of 13% maintained the same level from the previous year, when growth also averaged 13% year on year. The industry appears to be entering a transformational phase as it adopts emerging technologies like cloud computing and shifts its focus onto emerging markets. The BPO industry trends worth watching going forward include the focus on initiatives to build greater onshore capacity and leverage cloud models. The growth in jobs generated by BPO firms matched the growth in revenues at 13% year on year, with a total of over 300,000 jobs added over the last year.

Xerox recently reported a first quarter profit, as that company continued to grow its document and IT outsourcing offerings and more than quadrupled its first-quarter earnings from a year ago. However, shares of the stock slipped on expected weakness stemming from the disaster in Japan.

The CEO of Xerox Ursula Burns said that the good results reflect solid progress in scaling their services business while maintaining leadership in document technology. A 5% climb in services from its business process, information technology and document outsourcing divisions helped to fuel sales, and offset flat revenue in its technology division. Xerox continued to grow its document outsourcing portfolio, with installs in its mid-range color systems up 27% and growth in high-end color systems up 19%. The company said that it has been impacted by the Japanese disaster, but is focusing on minimizing any disruption.

Data entry jobs are becoming more and more popular In the field of business due to its high profitability. The only primary task they have to do is to maintain a constant pool of workers to do the job – data entry – for them. Consequently, a number of advantages arise when data entry businesses outsource it.

What are these exactly? Foremost is that they will never run out of workers for there will always be a lot of individuals looking for jobs. Since there are workers to do the tasks for you, more time is created for other more important tasks. If you have tested your workers well, you are guaranteed to receive outputs that have high quality and accuracy. Since workers are at home, you reduce your costs since you no longer have to pay for a bigger office space or additional resources. Lastly, it means more profit.