Double-Digit Growth Drives India’s IT Industry to an Impressive Start in FY14
Keywords: Information Technology Services, India IT Service Providers, Quarterly Supplier Revenues.
India's information technology (IT) services market is off to a great start as most of the IT services companies covered in this ARC Advisory Services report exhibited double-digit growth. In this report, we try to analyze the first quarter of financial year 2013-14 of the Indian IT sector and compare it with the same period in previous year. India's financial year runs from April 1 to March 31 of every year.
This report discusses the financial results of the top seventeen India-based IT companies listed on either the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE), or both. ARC believes this Insight provides a representative sample of the Indian IT market. The suppliers included in this report recorded combined quarterly revenue of $9.8 billion, representing 11.4 percent year-over-year growth rate. Just three out of 17 companies, reported year-over-year decreases in software or product revenues, while the rest all showed growth in the first quarter.
This ARC Advisory Group report discusses the most recent quarterly revenue results of the most prominent publicly traded IT services companies based in India. We translated financials reported in Indian rupee to US dollars using an average exchange rate for the given reporting period. Owing to this currency conversion, some companies may show negative growth.
ARC Advisory Group clients can view the complete report at this Link.
If you would like to buy this report or obtain information about how to become a client, please Request ARC Info
ARC Advisory Group