December 7, 2011 – The IT outsourcing market recovered from a sluggish second quarter, but needs a rally at the end of 2011 to break a recent low in terms of contracts, according to independent research firm Ovum.
The total contract value (TCV) from deals announced in the three months to end September 2011 was $27.3 billion, up 43 percent on the “dismal” second quarter that hit its lowest level since 2000, according to Ovum. But third-quarter TCV was still down 9 percent compared with the third quarter of last year.
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