1. Major IT companies like Microsoft, Amazon, and Google are making large acquisitions and hiring tens of thousands of employees as the IT industry sees strong demand. 2. Indian IT companies like TCS, Infosys, Wipro, and others plan to hire over 30,000 employees in 2010 to meet growing demand from clients. 3. Several Indian and multinational IT firms signed large outsourcing contracts worth over $1 billion and partnerships around new technologies.