[02.26.10] - Punjab & Sind Bank Moved Deal to Wipro after Satyam

Competition is stiff in the outsourcing industry, which is why outsourcers really have to perform in order to not just meet their clients' expectations, but to exceed it. Not to mention the sometimes extremely harsh public scrutiny that outsourcing companies are subjected to. Outsourcing companies are a dime a dozen now, and it's easy to go from one to the other, especially if the one you're with doesn't deliver. Just take a look at the Satyam (NYSE:SAY) - Punjab & Sind contract, which has now become the Wipro (NYSE:WIT) - Punjab & Sind bank contract.