The fiscal year 2011-12 was one of the toughest for the Indian IT, says Dataquest magazine's annual survey of Indian IT sector. And unlike 2008-09, this time it was the domestic market which played the spoilsport.
The sentiment in the Indian market was at its lowest ebb. The global uncertainty
only compounded matters for the IT industry. However, despite sluggishness,
Indian IT's exports have grown from 14% in FY10 to 22% in FY11 and almost
29% this fiscal. According to the survey, which ranks the biggest 200 IT companies
in the country in terms of revenue, the growth is testimony to Indian IT's resilience.
Here are top 15 IT companies in India as per the survey.
Growth (2011-12): 32%
The year 2011-12 saw TCS emerge as
India's first IT company to cross the ten
-billion dollar milestone posting annual
revenues of $10.17 billion.
According to the Dataquest survey, the c
ompany's revenue growth in BFSI (27.44%),
retail and CPG (45.05%) and manufacturing
(38.11%) were major contributors. Other verticals that include Life Sciences and Healthcare
(33.10%), Hi-Tech (57.32%), Travel, Transport and Hospitality (42.85%) grew at an average
of 37.3%. Practice areas like enterprise infrastructure services, enterprise solutions, BPO
units cross $1 billion in revenues.
Infosys
Growth (2011-12): 20%
Infosys' nearly two-third of the revenues
came from delivering operational efficiency
projects and a fourth from business transformat
ional projects, according to Dataquest survey.
The company had good success with its core
banking software Finacle. Finacle now has 154
customers across 75 countries.
Infosys recently also introduced an application for mobile operators Flypp.
Growth (2011-12): 18%
In the year 2011-12, Wipro's revenue
productivity both in offshore and onsite
went up. The company recieved nearly
46% of the revenue from fixed-price
projects.
Energy and utilities grew 57% due to
acquisitions, BFSI grew 13% and retail and transportation grew 11%. The company witnessed double-digit growth across all services
except BPO. Wipro added 173 new customers during the year, compared to 155 in the
previous year.
Cognizant Technology Solutions
Growth (2010-11): 37%
Growth (2011-12): 36%
The tag of an American company with
75% workforce in India has given
Cognizant good brand equity in last few
years in the US and Europe, writes
Dataquest. The company added over
250 clients during the FY11-12. As of
March 31, 2012, Cognizant's total number
of active customers stood at 805 and the
number of strategic clients at 196.
Growth (2010-11): 30%
Growth (2011-12): 7%
HP India saw its services business
grow more than its products. While
the company's networking, storage,
and servers (x86) showed good
traction, software business remained
flat, according to Dataquest.
Some of the big deals like Symphony
Services, Tata Motors, Thinksoft, 3i Infotech, Bank of Baroda and Bank of India helped
the company.
In Q4 of FY12, HP merged its PC and print divisions into one entity —PPS -- for cost management and profits. Another organizational restructuring saw HP create Global Accounts Sales Organisation.
Growth (2010-11): 29%
Growth (2011-12): 31%
HCL Technologies, which follows
July 11 to June 12 financial year
cycle registered a topline growth
of 31% during the year.
According to Dataquest, HCL Tech
crossed $4 billion in revenue and
saw its net income grow 47.8%
(in INR terms). The company bagged 52 transformational deals and continued to
spread its wings in Europe. It won a major deal from Fortune 500 company to
provide services in 16 European countries.
Growth (2010-11): 14%
Growth (2011-12): 9%
IBM's agressive strategy
outside US has been reaping
dividends for the company for
a while. In calender year 2010
11, BRIC growth was at 18.6%
while America's revenues
increased only by 8%, according
to Dataquest survey. The
headcount too is reported
to have grown in tandem, IBM's headcount in India during FY11-12 is estimated to
be around 135,000.
Global Technology Services (GTS) was one of the biggest revenue earners. The
division posted 18.2% growth in infrastructure services and bagged some short-
term as well as strategic multi-year contracts. Among verticals, BFSI performed
well. On the systems side, IBM emerged as no. 1 in non-x-86 Unix servers and
external storage system.
Growth (2011-12): 36%
The tag of an American company with
75% workforce in India has given
Cognizant good brand equity in last few
years in the US and Europe, writes
Dataquest. The company added over
250 clients during the FY11-12. As of
March 31, 2012, Cognizant's total number
of active customers stood at 805 and the
number of strategic clients at 196.
Growth (2011-12): 7%
HP India saw its services business
grow more than its products. While
the company's networking, storage,
and servers (x86) showed good
traction, software business remained
flat, according to Dataquest.
Some of the big deals like Symphony
Services, Tata Motors, Thinksoft, 3i Infotech, Bank of Baroda and Bank of India helped
the company.
In Q4 of FY12, HP merged its PC and print divisions into one entity —PPS -- for cost management and profits. Another organizational restructuring saw HP create Global Accounts Sales Organisation.
Growth (2011-12): 31%
HCL Technologies, which follows
July 11 to June 12 financial year
cycle registered a topline growth
of 31% during the year.
According to Dataquest, HCL Tech
crossed $4 billion in revenue and
saw its net income grow 47.8%
(in INR terms). The company bagged 52 transformational deals and continued to
spread its wings in Europe. It won a major deal from Fortune 500 company to
provide services in 16 European countries.
Growth (2011-12): 9%
IBM's agressive strategy
outside US has been reaping
dividends for the company for
a while. In calender year 2010
11, BRIC growth was at 18.6%
while America's revenues
increased only by 8%, according
to Dataquest survey. The
headcount too is reported
to have grown in tandem, IBM's headcount in India during FY11-12 is estimated to
be around 135,000.
Global Technology Services (GTS) was one of the biggest revenue earners. The
division posted 18.2% growth in infrastructure services and bagged some short-
term as well as strategic multi-year contracts. Among verticals, BFSI performed
well. On the systems side, IBM emerged as no. 1 in non-x-86 Unix servers and
external storage system.
