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IT Firms Jittery Over Credit Crunch Fallout

Stock quotes in this article: WNS , IMB , INFY , ACN , CSC , CTSH  

SAN FRANCISCO -- Information technology firms found a cash cow in financial services companies with increasingly sophisticated communications and computer services needs.

But now, these same tech companies are fretting as investment banks, mortgage lenders and insurers ride out turmoil in the credit markets.

On Friday, tech services firm WNS (WNS Quote) slashed its financial target because mortgage originator First Magnus Financial canceled its voice systems support and transactions processing contracts. ...

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