Following news appeared in the Times of India:
27 Sep 2007, 2051 hrs IST,PTI
NEW DELHI: Though India's top six IT companies accounted for 1.9 per cent of the total US 672 billion dollar IT services market in 2006, they are growing at a higher rate than their bigger global counterparts, a study reported.
A study by research firm Gartner stated that six India's IT service providers- TCS, Infosys, Wipro, Cognizant, Satyam, and HCL Technologies, accounted for 1.9 per cent of the total US$ 672 billion IT services market in 2006, compared to 0.5 per cent of the US $554 billion IT services market in 2001.
These companies are collectively referred to as SWITCH companies.
Despite their relatively smaller size, the top six India's IT service providers are making significant strides to challenge the market share leaders' positions by continuing to show strong annual revenue growth far exceeding the market norm.
The average annual growth rate of the SWITCH companies was 42.4 per cent in 2006, compared with a 4.3 per cent growth of the market leaders during the same period.
Giving example Gartner said despite IBM's US$ 48 billion total IT service revenue, its dollar growth year over year was less than US $1 billion. TCS, on the other hand, increased its revenues by over US $1.2 billion in 2006, and achieved this increase from a revenue base 1/18th of IBM's size.
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If its in TOI (tabloid of india), it needs to be taken with a pinch of salt. With rising Rs. and potential competition from China, Brazil, etc. hope India can sustain the growth.
DIO
Location: carl sagan's universe
Posted on: 04-10-07 07:16:20
TOI= Tabloid of India 
We used to call it that when I wrote for it some time ago.
However nowadays according to journalistic ratings done by intl bodies, it rates much higher than The Toronto Star.India Today is also much better than Macleans.
Just as an FYI.
I think both India Today and TOI come under the same ownership.
DIO
No, they are owned and managed by different groups.
India Today is Delhi based and TOI is from Mumbai
Quote:
Originally posted by investpro
However nowadays according to journalistic ratings done by intl bodies, it rates much higher than The Toronto Star.India Today is also much better than Macleans.
Is there a link that has the ratings?
I read both India Today and Maclean's. IMO, Maclean's is far better and more realistic. IT sometimes hypes up.
DIO
Infy posts $1b revenue for the quarter that ended September 30. This is a year-on-year growth of 18.4 per cent. Great going by Infy. They added 8,543 employees for the quarter.
DIO
