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The Indian information technology (IT) services sector continues its momentum, with most of the IT services companies covered exhibiting high double-digit growth. In this report, we try to analyze the second quarter of financial year 2014-15 of the Indian IT sector and compare it with same period in the previous year.
This report discusses the financial results of the top seventeen India-based IT companies listed either in the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE) or both. We believe it provides a representative sample of the Indian IT market. The suppliers included in this report recorded combined quarterly revenue of $11.6 billion, representing 12.8 percent year-over-year growth rate. Just three out of 20 companies reported year-over-year decreases in software or product revenues, while the rest all showed growth in the 2Q. In addition, the rupee appreciated by 2.5 percent during the quarter compared to the same period last year.
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.
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Keywords: IT (Information Technology), IT Services, India Quarterly Supplier Revenues, Software Development, Business Process Outsourcing (BPO), ARC Advisory Group.