The 18 company strong Outsourcing industry is hot these days. It is Ranked #3 out of 265 Industries Zacks Ranks. In the last week alone, the covering analysts made 5 positive earnings estimate revisions and 0 negative revisions.In previous weeks, this ranking was #52 and #32 and #28. That tells you. The recent jump in rankings is from a strong rank, to something even better.When a group of stocks are on a momentum run --that is the earnings estimate revisions fuel-- to keep the stock price fire burning to new heights.
Nowadays, You Hear of Outsourcing a lot in the Business World. Why?
A CIO magazine article published on July 19, 2017 gave us a few good reasons.The days of low-cost commodity services are waning, as IT organizations seek stronger strategic partnerships with IT outsourcing providers -- in an era of digital transformation.
(1)Digital transformation is driving demand away from compartmentalization and silos of service delivery and toward frictionless integration, says David J. Brown, global head of KPMG’s Shared Services and Outsourcing Advisory.
(2)Enterprises are moving more workloads to the public cloud, but continuing to run certain applications in dedicated private cloud environments for security, regulatory or competitive reasons. So they’re looking for providers that can seamlessly manage and integrate their hybrid cloud environments, says Rahul Singh, managing director with business transformation and outsourcing consultancy Pace Harmon.
(3)Organizations are rapidly transforming to agile enterprises that require rapid development cycles and close coordination between business, engineering and operations, said Steve Hall, a partner with sourcing consultancy Information Services Group (ISG). “Global delivery requires a globally distributed agile process to balance the need for speed and current cost pressures.”