INFOSYS TECHNOLOGIES LTD. Bangalore, India; Outsourcing Trend Puts Tech Firm In A Sea Of Green.(THE NEW AMERICA)

Byline: J. BONASIA

Infosys Technologies Ltd. is riding the crest of a tidal wave it helped launch: offshore outsourcing.

It's among a handful of pioneering, India-based tech service firms that have turned the industry upside down with their new low-cost, global delivery approach.

Such companies rely on India's huge pool of educated, English-speaking workers to slash the costs of writing software and managing business processes.

Dramatic labor savings have quickly made the outsourcing craze "irreversible," said analyst Rita Terdiman of Gartner Inc.

"The cost savings are too compelling for corporations to ignore," she said. "This allows corporations to achieve very large savings, or plow more …