A vast majority of software companies are able to realise between 80 to 100 per cent of their cost savings goals from offshoring, according to a survey.
A Software & Information Industry Association report on the state of global software development showed that 75 per cent of companies that offshore, report a positive impact on revenues and 88 per cent report a positive impact on profits.
David Thomas, executive director of the Washington D.C. based SIIA, said the report shows that overall, companies plan to increase their global development efforts.
In fact, 84 per cent of the survey respondents mentioned growth strategy as an "important" driver for offshoring, with speed to market and productivity as the next most important drivers, reported e-week,