Outsourcing market data from TPI, an Information Services Group company, shows that total contract value (TCV) fell to $16.4 billion, a decline of 18 percent over the second quarter of 2010 and 21 percent over the first quarter of 2011. TPI said the decline is driven by weakness in the Americas region and an overall drop in the number of large contracts awarded.
The 2Q11 Global TPI Index, which measures commercial outsourcing contracts valued at $25 million or more, recorded year-over-year growth in TCV of 13 percent in Europe, the Middle East and Africa (EMEA) and 55 percent in Asia Pacific. Restructurings—contracts that are renewed, restructured or renegotiated—saw TCV growth of 30 percent over the same quarter a year ago.
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