The Wall Street Journal (sorry, subscription required) reports that Wipro is expecting things to get worse:

“Wipro Ltd. […] warned that revenue from its software-services business would decline.

Wipro, India’s third-largest software exporter by revenue after Tata Consultancy Services Ltd. and Infosys Technologies Ltd., also said it has fewer clients than in the previous quarter as the financial crisis deepens.

While some of this may be specific to India, what with the latest “troubles” there, I’m also hearing scattered reports of similar prospects among the leading Chinese software/IT outsourcing companies.  In fact, many of the Chinese firms are starting to seriously shift their focus to winning domestic business.  Hold on to your hat…

Technorati Tags:  China, China Outsourcing