India’s IT software and services exports from Top 10 firms crossed $15 billion mark, touching Rs 68,236 crore during 2006-07, according to an industry survey and analysis by CyberMedia’s flagship magazine Dataquest.
The Top 3 firms — TCS, Infosys and Wipro — earned about $8.7 billon (Rs 39,260 crore ). The next four slots have been taken up by Satyam (Rs 5,789 crore), IBM (Rs 4,880 crore ), HCL Technologies (Rs 4,598 crore) and Cognizant (Rs 4,584 crore). With this line there is no change in the rankings of Top 7 of Top 10 software firms.
Seven of DQ Top 10 software firms are Indian multi national companies. The software and services exports of India development centres of foreign multi national companies who made to the Top 10 list — IBM, Cognizant and Oracle — added up to Rs 13,127 crore. The revenues of Oracle combine those of I-flex post integration during the year. Oracle and Tech Mahindra stormed into DQ Top 10 at No 8 and No 9 with revenues of Rs 3,663 crore and Rs 2,890 crore.
Patni Computers slipped two positions to No10 with revenues of Rs 2,573 crore. Interestingly, among the top 10 companies, the growth is not consistent.
It varies from as high as 135 per cent (Tech Mahindra) to as low as 23 per cent (Patni).