Nasscom announces that IT is growing

NASSCOM yesterday announced that despite the global recession the IT companies are doing well.The current scenario in the market is very bad but the revenues for the IT companies are modest.Mush revenue came from the dollar currencies since there was considerable increase in rupee value agianst the dollar.Infosys chairman Gopala Krishnan has announced that there has been a significant growth in IT companies but it is less when compared to the previous year.It was 28 percent last year and now it 24 percent.The current economic situation will prevail till 2009 and the problem will be solved only after that.That too not in fast mode but in gradual.This announcement will definitely boost the IT stocks today.

Let s hope for the best

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