India’s IT Industry Exhibits Decent Performance in Q4 and FY13
Keywords: IT, Information Technology, IT Services, Quarterly Supplier Revenues, Asia-Pacific, Europe, Middle East & Africa, MEA, Latin America, North America, India, Rest of the World, ROW, Software Development, Business Process Outsourcing, BPO.
The Indian information technology (IT) services market is slowly gearing up thanks to the performance exhibited by tier 2 vendors and strategic initiatives by the tier 1 vendors. ARC Advisory Group research indicates that the industry is showing modest growth signs in the Q4 of FY2012-13. The objective of this series of periodic reports is to analyze the fourth quarter and the full year FY2012-13 of the Indian IT sector and compare it with the same period in the previous year.
This ARC report discusses the financial results of the top 18 India-based IT companies listed either on the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE), or both. As a result, we believe this Insight provides a representative sample of the Indian IT market.
The suppliers included in this report recorded combined quarterly revenue of $9.6 billion, representing a 6.3 percent year-over-year growth rate. Just three out of 18 companies reported year-over-year decreases in software or product revenues, while the rest showed growth in the Q4, which ended in March. This report also includes the annual FY12-13 results for 15 companies (Hexaware Technologies, HCL Technologies, and Mphasis have a different fiscal year). The included companies recorded combined yearly revenue of above $31 billion, representing an 8.3 percent year-over-year growth rate.
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