IBM’s total revenue is $104 Bn and Accenture’s total revenues are $26.01 Bn. Compared to these two, the Indian IT companies are fairly new but have pushed ahead pretty far. But how far? Well, as per a survey the TOP 200 of the Indian IT companies clocked a combined revenue of $84 billion (Rs 384,250 crore) to achieve an average growth rate of 25 per cent in 2010-11. It was Rs 307,126 crore in 2009-10 and Rs 289,093 crore in 2008-09. The specific numbers for the top 5 are:
According to the findings, the top five Indian IT companies in 2010-11 were TCS, Infosys, Wipro, HP and Cognizant, with revenues of Rs 33,112 crore (25 per cent growth over last year), Rs 25,997 crore (22 per cent), Rs 24,899 crore (13 per cent), Rs 23,227 crore (30 per cent) and Rs 21,393 crore (37 per cent), respectively. Wipro, which recorded the slowest growth in the top five, surrendered the number two slot to Infosys after six years, the findings said.
The number six slot went to the Indian subsidiary of 100-year-old global tech behemoth IBM (revenues Rs 14,132 crore, year-on-year growth of 14 per cent).
The top 5 of Indian IT are way behind Accenture in their revenues. And that isn’t very good news, since it reduces their leverage to compete.