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Posts Tagged ‘ IT ’

IT in India: Reforms and improving economy spark brighter outlook

Monday, March 4, 2013 | More »

Combine new business friendly government policies with increasing domestic demand from consumers and businesses alike and 2013 is shaping up to be a good year for the $100 billion IT Services industry in India. It couldn’t come at a better time. India’s economy experienced its worst performance ...

Indian IT cos’ sales & profits up, valuations down

India’s IT firms have increasing profits, yet declining valuations. While this seems counter intuitive, it shows that company size and the specific business they are in matters. An August 6, 2012 Times of India article reported that tier II IT companies are out performing tier I in sales growth a...

27 August, 2012 | More »

In Bangalore, A Remake To Avoid Being ‘Bangalored’

Rajesh Rao is among a handful of Indian entrepreneurs who may prevent the country’s software industry from getting “Bangalored”. The 41-year-old self-confessed geek runs Dhruva, a firm that sells content and services to global online game companies from a bungalow in a crowded subu...

4 April, 2012 | More »

Japanese IT Firm Fujitsu To Set Up Delivery Centre In Bangalore

Tokyo-headquartered IT company Fujitsu Ltd will expand its presence in India by opening a new service delivery center in Bangalore. The move will help the company grow its business in the country and offer its IT services to key Indian companies. The company has already set up delivery centres in Pu...

18 November, 2011 | More »

Wipro Q2 Profit Beats Forecast

Wipro Ltd, India’s No. 3 software services exporter, on Monday beat street estimates with a 1 per cent increase in quarterly profit and forecast better-than-expected IT services revenue growth, sending its shares higher in a weak market. Bangalore-based Wipro forecast third-quarter revenue of ...

31 October, 2011 | More »

Prism Informatics Buys 18% In Former Promoter Idhasoft; On Way To Majority Stake

Software development and consulting company Prism Informatics has acquired 18 per cent stake in privately held IT consulting firm Idhasoft Ltd (which is many times its own size) for an undisclosed sum, the company has said on Thursday. With this acquisition, Prism’s position in the US market will ...

22 September, 2011 | More »

India’s Green IT & Sustainability Spend To Touch $70B By 2015: Gartner

India’s information technology expenditure on green initiatives will double from $35 billion in 2010 to $70 billion in 2015, according to research firm Gartner. “India’s information and communication technology (ICT) industry will be an early adopter of green IT and sustainability solution...

19 September, 2011 | More »

Indian IT Sector Revenues Up 19% To Rs 438, 296Cr: DQ

The Indian IT sector has recorded 19 per cent growth in FY 2011 with revenue of Rs 438,296 crore. According to an annual research report by Dataquest, the sector recorded an 8 per cent growth compared to FY 2009-10. Due to the global recession in 2009 and 2010, Indian companies had cut back on their...

12 September, 2011 | More »

Top 200 Indian IT Companies Clock $84B In 2010-11: Dataquest

The top 200 Indian information technology companies logged combined revenues of $84 billion (Rs 384,250 crore) to achieve an average growth rate of 25 per cent in 2010-11, the highest in the last four years, according to an annual research by Cybermedia”s Dataquest magazine. The top 20 IT comp...

2 August, 2011 | More »

Domestic IT Services Biz In India To Hit $9.5 Billion In 2011: Gartner

The Indian IT services market will reach $9.5 billion in revenues during 2011, an 18 per cent increase over the year ago and well set to grow to $15 billion by the end of 2014, according to Gartner, Inc. “India’s domestic IT services is a large emerging market in high growth mode. Coupled with o...

12 July, 2011 | More »

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