The Indian IT space is booming and the players appear determined!
We
could forget about having a world beating cricket team for a while, or even an Oscar winning film, but when it comes to IT services, we can afford to bask in some glory. Despite the growing odds, Indian IT’s heady bull run refuses to stall.Indian soft ware giants are consistently exceeding expectations. The top five Indian IT titans –TCS, Infosys, Wipro, Satyam & HCL stand proof, once again scripting a grand top-line (revenue) growth of 40% for the fourth quarter ended March 31, 2007. To top it all, bottom-line upsurge (a blazing 70%) has outperformed even top-line growth. Also, the top six (including Cognizant Technology Solutions) accounted for an impressive 50% of soft ware exports. Ranjit Narasimhan, Executive VP, HCL Technologies, asserts, “Our strategy of moving up the value chain and focus on improving operational efficiency is paying off .”
For Complete IIPM Article, Click on IIPM Article
We
could forget about having a world beating cricket team for a while, or even an Oscar winning film, but when it comes to IT services, we can afford to bask in some glory. Despite the growing odds, Indian IT’s heady bull run refuses to stall.Indian soft ware giants are consistently exceeding expectations. The top five Indian IT titans –TCS, Infosys, Wipro, Satyam & HCL stand proof, once again scripting a grand top-line (revenue) growth of 40% for the fourth quarter ended March 31, 2007. To top it all, bottom-line upsurge (a blazing 70%) has outperformed even top-line growth. Also, the top six (including Cognizant Technology Solutions) accounted for an impressive 50% of soft ware exports. Ranjit Narasimhan, Executive VP, HCL Technologies, asserts, “Our strategy of moving up the value chain and focus on improving operational efficiency is paying off .”For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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