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The Top 20 IT companies' in India, a
majority of them engaged in IT
services exports, recorded a revenue
growth of 24% in the financial year
2007-08 as compared to 41% in the
previous year.
The Top 20 IT services exporters,
however, recorded a growth of 29%
compared to a growth of 45% recorded
in FY 07. This has been revealed in
part 1 of the 4-part annual analysis
of Indian IT industry by south Asia's
largest specialty media chain
CyberMedia's flagship publication
Dataquest.
A stronger rupee adversely impacted
the exports-heavy Indian IT industry
in FY 08 when the average value of
rupee in comparison to dollar rose 9%
with a vast majority of the IT
companies still unfazed by a slowdown
in the global outsourcing industry.
The DQ Top 20 companies
In the Dataquest listing of the Top 20
IT companies from India, the top seven
positions remained unchanged, with TCS,
Wipro, Infosys, HP India, IBM India,
Ingram Micro and Satyam Computer
Services retaining their positions,
from No 1 through 7. (HP India and
Ingram Micro derive a major part of
their revenues from the sale of
computer systems and peripherals,
while the others make money from
exports of software services; IBM
India has significant
services--domestic and
exports--revenue, as well as systems
sales.) Unlike the previous year,
there was no major change in the
rankings in the top 14 positions with
no company moving up or down by more
than two places.
The DQ Top 20 Club — the ranking of
top IT companies in India by revenue —
also saw changes, with three new
companies — two of them doing business
primarily in Indian domestic market —
entering the list, while three
exports-led firms made their exit.
Interestingly, all the three new
entrants are non-Indian firms —
Accenture, SAP and Dell — which
replaced three Indian firms, Teledata,
Patni and Moser Baer, that ranks
amongst the Top 10 CD makers in the
world.
The most spectacular story is the
entry of Accenture India at No 15 (the
company was not tracked by the
Dataquest study in previous years,
even though it was operating in India
its development centre for nearly a
decade) and SAP India, which rose six
positions to be a No 18, driven by a
strong performance in the small and
medium enterprise (SME) market, that
helped it record 84% growth.
Services exports firms make up 95 of
the Top 200 companies
The Dataquest Top 200 annual survey,
now in its 25th year,
reflects the "services exports"
phenomenon driving Indian IT. The
number of services firms (most of them
exports oriented) in the list of Top
200 companies rose to 95 in FY 08
compared to 86 in the previous year.
The Dataquest study notes that despite
a rise in the value of rupee, most
export services firms managed to
maintain their operating margins.
"After three years of strong growth,
FY07-08 was a challenging year for the
Top 20 companies in several ways, not
least of all due to the exchange rate
which meant an over 10 percent hit
right away in rupee earnings, for
exporters,"
says Pradeep Gupta, publisher
of CyberMedia group. "Yet the fact
that the Top 20--especially the
exporters--still grew as much as they
did speaks volumes about their
robustness, domain expertise and
maturity".
Growth Uneven
Another significant variation in FY 08
from the trend in the last few years
was inconsistent growth witnessed in
the industry. While the number of
companies witnessing negative growth
jumped from three in FY 07 to 14 in FY
08, establishing a record of sorts in
recent years; the number of companies
that recorded three digit growths,
also jumped from seven in the previous
year to 13 this year.
"This uneven growth means companies
that have differentiated themselves in
some way, in a tough year, began to
reap the benefits of that strategy,"
said Prasanto Kumar Roy, Chief Editor,
Dataquest. "SAP, Dell and HCL Insys,
with the highest growth in the DQ Top
20, are examples of this."
Most of the fastest growing companies
in FY 08 were specialized firms. For
instance Financial Technologies which
grew over 674% made hay with software
products for financial market;
Bartronics' specialization in bar
coding solutions got it 321% revenue
jump; Prime Focus business went up
257% because of its focus on software
for films and entertainment; and KLG
Systel topline shot up by 122% because
of its focus on products and solutions
for the utility sector.
Of the top 20 IT companies that did
maximum business in Indian domestic
market, 16 were non-Indian firms. They
included HP (Rs 12,672 crore), Ingram
Micro (Rs 8,620 crore), Cisco Systems
(Rs 5,370 crore), IBM (Rs 4,275 crore),
Intel (Rs 3,879 crore), Dell (Rs 3,200
crore), Lenovo (Rs 3,014 crore),
Microsoft (Rs 2,937 crore), SAP (Rs
2,575 crore), APC (Rs 2,410 crore),
Samsung (Rs 1,804 crore), Acer (Rs
1,749 crore), Oracle (Rs 1,504 crore),
Sun Microsystems (Rs 1,456 crore),
eSys (Rs 1,342 crore), Seagate (Rs
1,143 crore).
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Top 20 IT companies in India:- FY
07-08 |
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|
|
|
|
Company |
Revenue Rs crore |
Growth (%) |
|
|
06-07 |
07-08 |
06-07 |
07-08 |
|
TCS |
17,560 |
21,465 |
34 |
22 |
|
Wipro |
13,252 |
16,884 |
41 |
27 |
|
Infosys Technologies |
13,240 |
15,758 |
45 |
19 |
|
Hewlett-Packard India |
11,917 |
15,454 |
37 |
30 |
|
IBM India |
8,245 |
10,179 |
52 |
23 |
|
Ingram Micro |
6,896 |
8,620 |
25 |
25 |
|
Satyam Computer Services |
6,111 |
7,889 |
34 |
29 |
|
Cognizant Tech Solutions |
4,584 |
6,310 |
83 |
38 |
|
Redington India |
5,023 |
6,280 |
23 |
25 |
|
HCL Technologies |
4,930 |
6,200 |
39 |
26 |
|
Cisco Systems |
4,424 |
5,837 |
30 |
32 |
|
Oracle India |
4,753 |
5,808 |
52 |
22 |
|
HCL Infosystems |
3,522 |
5,058 |
32 |
44 |
|
Intel |
3,760 |
4,310 |
14 |
15 |
|
Accenture* |
|
3,800 |
|
|
|
Tech Mahindra |
2,900 |
3,636 |
133 |
25 |
|
Microsoft India |
2,580 |
3,263 |
26 |
26 |
|
SAP India |
1,774 |
3,260 |
33 |
84 |
|
Dell India |
2,000 |
3,200 |
66 |
60 |
|
Lenovo India |
2,562 |
3,014 |
35 |
18 |
|
|
120,033 |
156,225 |
|
30 |
|
Source: CyberMedia's Dataquest Top
20 Review of the Indian IT
Industry 07-08 |
|
|
|
|
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*Ranked first time in 2007-08.
Previous year comparative figs not
available. Growth of the Top 20
companies computed without
Accenture revenue figs for 06-07 |
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Top IT Export Companies from India
2007-08 |
|
FY 08 |
Company |
Exports Revenue (Rs cr) |
|
Growth (%) |
|
Rank |
|
FY 2006-07 |
FY 2007-08 |
|
|
1 |
TCS |
15,804 |
19,962 |
26 |
|
2 |
Infosys |
12,975 |
15,600 |
20 |
|
3 |
Wipro |
10,072 |
12,832 |
27 |
|
4 |
Satyam |
5,867 |
7,652 |
30 |
|
5 |
Cognizant |
4,584 |
6,310 |
38 |
|
6 |
IBM |
4,865 |
5,904 |
21 |
|
7 |
HCL Technologies |
4,585 |
5,766 |
26 |
|
8 |
Oracle India |
3,707 |
4,298 |
16 |
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