Sunday, April 22, 2007

IT TURNOVER EXCEEDS $10 BILLION

Earler, every individual was in fear that inflation, money appreciation and America’s slowdown would bring down the growth rate and profit of the Indian software market. These fears notwithstanding, the analysts note that better pricing, improvement in employee utilization figures, a move towards more off shoring, and breaking into geographies other than the US could help the IT firms stem the adverse effects. The total turnover of the top four Indian IT service providers – Tata Consultancy Services (TCS), Infosys Technologies, Wipro Ltd, and Satyam Computer Services – crossed the $10 billion mark in financial year 2007. This figure might double in almost 2 years time.


The revenues of TCS, Infosys, Wipro and Satyam(in $ billion) were $4.29, $3.1, $3.13 and $1.46 respectively. Their total income stand at around $12 billion (Rs 52,825 crore). This is expected to stand at 16.13 and 20.9 billion respectively by 2007-08 and 2008-09. Satyam was only the under-performer.
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