IT-BPO Sector Sees $27.4-B Revenues by 2016

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The information-technology business process outsourcing (IT-BPO) industry is looking to revise its 2016 revenue target to a higher $27.4 billion from a previous target of $25 billion as the country is becoming a preferred destination for investments in services and continues to have a favorable investment climate.

Alejandro Melchor III, deputy executive director at the Department of Science and Technology Information and Communications Technology Office said in a press conference yesterday that the government with the IT-BPO industry groups are looking to revise the 2016 revenue target contained in the roadmap for the sector.

“$27.4 billion is the new target we are looking at for IT BPO revenues by 2016 based on a 20-percent compound annual growth rate from $11 billion in 2011,” he said.

He said they are looking to revise the 2016 revenue target to a higher $27.4 billion given developments which show that the country’s IT-BPO sector can grow and generate revenues higher than the $25-billion target.

“The roadmap did not anticipate the full development of other sectors in the IT-BPO industry,” he said.

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