Reuters Jul 13, 2012, 09.44PM IST
BANGALORE/MUMBAI: A squeeze on billing rates is clouding the outlook for India's IT industry, which is feeling the pain of discount demands from its key financial sector clients.
Infosys, India's No.2 software services exporter, said on Thursday pricing fell by 3.7 percent in the June quarter from the previous quarter, and larger rivalTata Consultancy Services said prices fell about 1 percent.
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