Slowdown notwithstanding, companies from Europe have inked more than a third of all business outsourcing contracts during the first quarter of 2008.
According to a report from Everest Research, EU business has accounted for 36 percent of all contracts signed. Out of which most deals are on Information Technology and Business Processes.
It is believed that global slowdown and credit crunch do not able to bite deep into the segment. Or should we consider, as more and more companies are going under the knife in the volatile situation, they are more eagerly seeking help of offshoring and outsourcing. 
As per the report, approximately 14% of deals are on financial services.
Suppliers who went ahead with the operations are broadly concentrated in the Philippines, Czech Republic, Romania and India. Budding destinations emerging in countries like El Salvador, Paraguay, Thailand, Honduras, Uruguay and the Dominican Republic.
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