That is correct, it is the dollor weakening. IT companies primarily Infosys & Wipro, they concentrated only on US not the other countries, that is why their profits are decreasing. In contrast TCS gets less revenue from US, though their profits affected not much as Infosys. The most unfortunate thing is IBM is eager to grab the IT contracts in India, but our BIG 4 companies hate to provide service to our Indian Companies. IBM bagged 2 Telecom Contracts (Airtle, Idea) our companies not even bothering about it. It is pity.
