Outsourcing sector on track with sales target
Monday, April 14, 2008

THE business process outsourcing (BPO) industry is on track to achieving its target this year, with $6 billion in revenues expected by the first half of the year.

Oscar R. Sañez, chief executive officer of the Business Processing Association of the Philippines, or BPA/P, said the industry continues to experience growth with the entry of new investors and expansion projects.

"Current operations are very strong. We continue to win new projects while those already doing business here continue to expand operations. Investors are still very aggressive," he said in an interview.

The industry is targeting another 40% growth to at least $7 billion this year on the back of strong demand for back office, engineering and financial services. The industry earned $4.9 billion last year from $3.3 billion in 2006.