India’s IT Industry Continues Upward Momentum

The Indian information technology (IT) services continues its upward momentum as most of the IT services companies covered in the report exhibited above-average growth. In this report, we analyze the third quarter of financial year 2014-15 of the Indian IT sector and compare it with same period the previous year.

This report discusses the financial results of the top twenty 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 $11.7 billion, representing 10.9 percent year-over-year growth rate. Just two out of 20 companies, reported year-over-year decreases in software or product revenues, while the rest showed growth in the 3Q. The rupee depreciated marginally 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 Rupee 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 December unless stated otherwise. We have considered the consolidated revenues for all vendors, which includes its subsidiaries' revenues, with the exception of Wipro, for which we only considered IT products and services.

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Keywords: IT (Information Technology), IT Services, Quarterly Supplier Revenues, Software Development, Business Process Outsourcing (BPO), ARC Advisory Group.