The Top 20 Indian hardware and software companies grew 18.7% in rupee terms to report revenue of Rs.183,621 crore (USD 39.52 billion) in FY ’09 compared to Rs.149,250 crore in FY ’08, revealed a survey conducted by Dataquest, the flagship publication from the CyberMedia Group.

The 23rd annual survey found that 2008-09 was a mixed bag for the Top 20 IT companies, with IT Services companies -- export and domestic -- recording growth, while hardware taking the brunt of the economic slowdown, thirteen of the Top 20 companies reported revenues of over USD1 billion, led by TCS, Wipro, Infosys, HP, IBM.

Seven companies in the DQ Top 20 recorded single digit revenue growth including global multinationals Microsoft India (1% growth to Rs 3,298 cr), HP India (2% growth to Rs 15,763 cr ),, Oracle (3% growth to Rs 5,962 cr), and Cisco (4% to Rs 6084 cr). The other companies that recorded single digit growth included hardware distributors Redington India (5% at Rs 6,576 cr). and Ingram Micro (9% to Rs 9,396 cr). and chipmaker Intel India (9% at Rs 4,698 cr).

"What may look surprising is that export firms doing business in recession-affected developed markets did better than those focused on the Indian market," said Prasanto K Roy, President and Chief Editor, CyberMedia, publisher of Dataquest.

"That is because in a downturn, most users looked at outsourcing IT to keep costs flexible, which helped IT services firms. Within India's domestic market too, it is services companies like IBM and Wipro that did very well, while new computer buying spend was reduced drastically, hitting hardware and system software business," adds Prasanto.

Eight Fastest Growing Companies among the Top 20
Despite the slowdown, which did create a negative sentiment in the market, eight companies clocked growth in the 20s. The eight fastest growing companies among the Top20 list included MphasiS (Rs 3,173 cr 69%), HCL Infosystems (Rs 8,089 cr 60 %), Cognizant Technologies (Rs 9,410 cr 49%), Wipro (Rs 23,882 cr 41%), HCL Technologies (Rs 8764 cr 41%), SAP India (Rs 4,320 cr 33%), Dell India (Rs 4,266 cr 32%) and Infosys (Rs 20,392 cr 31%).

India’s largest software firm TCS grew 22% to clock revenues of Rs 25,895 cr, followed by IBM India (Rs 12,048 cr 19%), Patni Computer Systems (Rs 3,011 cr 17%), Accenture (Rs 4400 cr 16%) and Tech Mahindra (Rs 4195 cr 15%).

MphasiS grew 69% to Rs 3,173 crore and jumped five ranks to enter the Top 20 club, while Patni Computers made a comeback after two years by growing its revenues by 17% to Rs 3,011 crore. On the other hand, Satyam exited the Top20 for obvious reasons, while Lenovo too, moved out of the elite club by recording a de-growth of 18%.

Given below are the Top 20 export companies and Top20 Domestic IT companies by revenues.

Table

Top 20 Exports Companies
Rank	Company	Revenue (Rs cr)		Growth (%)
		Fy’ 07 -08	Fy’ 08-09
1	TCS	19,730	23,814	21
2	Infosys Technologies	15,553	20,127	29
3	Wipro	12,832	17,517	37
4	Cognizant Technology Solutions	6,310	9,410	49
5	HCL Technologies	5,766	8,063	40
6	IBM India	5,859	6,265	7
7	Tech Mahindra	3,564	4,120	16
8	Accenture	3,550	4,100	15
9	MphasiS	1,881	3,079	64
10	Patni Computer Systems	2,555	2,980	17
11	Hewlett-Packard India	2,782	2,837	2
12	Aricent	1,472	2,316	57
13	Capgemini	1,572	2,245	43
14	CSC India	1,576	1,996	27
15	L&T Infotech	1,628	1,980	22
16	Prithvi Solutions	1,089	1,855	70
17	Moser Baer	1,431	1,647	15
18	Perot System	1,301	1,401	8
19	Rolta India	954	1,362	43
20	Syntel India	1,041	1,342	29
Source: CyberMedia's Dataquest survey of the Indian IT industry Jul 2009

Top 20 Domestic Companies
Rank	Company	Revenue (Rs cr)		Growth (%)
		Fy’ 07 -08	Fy’ 08-09
1	Hewlett-Packard India	12,672	12,923	2
2	Ingram Micro	8,620	9,396	9
3	HCL Infosystems	5,058	8,089	60
4	Redington India	6,280	6,576	5
5	Wipro	4,052	6,365	57
6	IBM India	4,242	5,783	36
7	Cisco Systems	5,370	5,428	1
8	Intel	3,879	4,267	10
9	Dell India	3,200	4,224	32
10	SAP India	2,575	3,632	41
11	Microsoft India	2,937	3,067	4
12	APC-MGE	2,410	2,651	10
13	Lenovo India	3,014	2,482	-18
14	TCS	1,485	2,080	40
15	Acer India	1,749	1,988	14
16	Oracle India	1,443	1,977	37
17	Sun Microsystems	1,456	1,491	2
18	Nortel Networks India	1,176	1,375	17
19	LG India	1,106	1,289	17
20	Samsung	2,014	1,200	-40
Source: CyberMedia's Dataquest survey of the Indian IT industry Jul 2009

More details are available at http://tinyurl.com/dq20-2009 or www.cybermedia.co.in

METHODOLOGY
All the company revenues are from April 2008 to March 2009. All revenues of IT services companies do not include their BPO revenues. BPO companies—both pure-play as well as the BPO operations of multi-services firms—shall be covered separately in DQ Top 20 Vol II.

However, the BPO manpower has been included in the total number of employees. For companies with a predominantly telecom-related business (either selling mobile phones or being a telecom services integrator), we have not included the telecom revenues

For companies headquartered in India, we have taken the entire IT revenue; for companies that do business in India, we have taken the entire India IT revenue; for non-Indian companies who export out of India, we have taken only the revenue generated by the Indian legal entity. That holds true for captive units as well. For all conversion purposes, we have taken $1=Rs 46.47 as the average for 2008-09.

About CyberMedia 
CyberMedia, South Asia's first and largest specialty media house, with fifteen publications (including BioSpectrum, Dare, Dataquest, PCQuest, Voice&Data, Global Services and Technology Review) in the information technology, telecom, consumer electronics, and biotech areas, and is a media value chain including Internet (www.ciol.com), events, and television. The group's media services include market research (IDC India), content management and multimedia. 


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