Okay and finally what is the revenue contribution you are expecting from the two acquisitions. I think that is the acquisition which you have made in the 2nd half of the fiscal?
V. Srinivas
I think the contribution for the second half from these two acquisition may be roughly around anywhere between 15 to 20 million over the next 6 months.
Kawaljeet Saluja -- Kotak Equities
Okay thank you.
Operator
Thank you, Mr. Saluja. Ladies and gentlemen before we take the next question we would like to remind participants to limit their questions to one per participant in order to ensure that the management is able to address all questions. The next question is from the line of Mr. Julio Quinteros from Goldman Sachs. Please go ahead.
Julio Quinteros – Goldman Sachs
Great thanks guys. I just wanted to go back to the employee growth rate and I know we talked about this a little bit last night, but as we round the corner into March of 2009 and we are staring at a sub-10% growth rates for you guys, how do we think about the factors that are going to help drive any reacceleration in growth as we really begin to think about other factors for growth into fiscal 2010?
Ram Mynampati
Well Julio this is Ram Mynampati here. I am not so sure whether we are thinking if that is the growth for FY2010 would be in the 10% range and I do not think we have visibility to that. What we are seeing currently is a bit of uncertainty in the market, a number of things that are pulling the market in different directions and we are not sure exactly where the stability would be and what would that mean in the near-term or long-term. The two or three things that we are clearly seeing is that along with the challenges in the market we are also noticing significant opportunities for the transformational deals. You know those are not necessarily measured in quantum of longevity, but those are in terms of the impact that we are able to create whether to an organization that is M&A, that is organization that is challenged for speak to market issues, challenge for compliance to specific regulatory needs, a host of things that are redefining the opportunity space as we look at it today compared to a few quarters ago. So I am not so sure whether the pipeline is as barren to conclude that there is only a 10% growth potential for next year. At least I would not necessarily subscribe to that at this stage. So we are clearly looking at opportunity space not just limiting to what we are used to pursuing but also what the market bears in light of the dynamic situation that we are in.
Julio Quinteros – Goldman Sachs
Okay and then I guess just as it relates to maybe more than near-term than what is implied in your negative 3% sequential growth rates for the December quarter? In other words how much are you guys factoring in there for necessary project push out, delays, anything on these lines? So what is really implied in the 3% growth rate? Is that one client? Is that multiple clients? How do we think about negative growth in the next quarter relative to your guidance?
Ram Mynampati
Well next quarter we are actually predicting flat growth not negative because whatever the negative we will be attributed it to the exchange fluctuation. As we have said there is a 3% impact due to the exchange rate fluctuation which neutralizes whatever volume growth we are expecting for Q3 and that’s how we should read number for Q3
Julio Quinteros – Goldman Sachs
Got it. Okay great thanks
Ram Mynampati
Thank you.
Operator |
