Strong Beginning for India’s IT Industry in First Quarter FY15

Industry Trends

The Indian information technology (IT) services is off to a great start as most of the IT services companies covered in the report exhibit high double-digit growth. In this report, we try to analyze the first quarter of financial year 2014-15 of the Indian IT sector and compare it with same period previous year.

This report discusses the financial results of top seventeen India based IT companies listed either in the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE) or of both. We believe this Insight provides a representative sample of the Indian IT market. The suppliers included in this report recorded combined quarterly revenue of $11.1 billion, representing 13.5 percent year-over-year growth rate. Just five out of 20 companies, reported year-over-year decreases in software or product revenues, while the rest all showed growth in the 1Q.

Supplier Revenues
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 Rupees to US dollars using an average exchange rate for the given reporting period. Owing to this translation, some companies may show negative growth. The suppliers' reporting period for this analysis is the quarter ending in June unless stated otherwise. For vendors other than Wipro, we have considered the consolidated revenues, including subsidiaries' revenues. For Wipro, we have considered IT products and services only.

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Keywords: IT (Information Technology), IT Services, Quarterly Supplier Revenues, Asia-Pacific, Europe, Middle East & Africa (EMEA), Latin America, North America, India, Rest of the World (ROW), Software Development, Business Process Outsourcing (BPO).

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