Indian IT majors better than global competitors
By agencies   |   Thursday, 03 August 2006, 19:30 IST
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NEW DELHI: Indian IT companies are better than their global rivals on the profit and revenue growth parameters, a Forrester study says. This report comes at a time when global companies like Accenture and IBM are ramping up their operations in India and. According to a report from global research firm Forrester analyzing the performance of global IT vendors and their Indian counterparts, the tier one Indian providers have continued to thrive while major global players are continuing to lose ground. Forrester Research Vice President Stephanie Moore said that many global service providers are continuing to lose ground to large Indian firms like TCS, Infosys and Wipro, especially in the application services market. While legacy service providers worldwide have had minimal to negative growth recently, Indian companies have all reported outstanding revenue and profit growth for their latest quarters, she added. She said Indian providers are clearly outsmarting global majors in terms of growth and profits, while global majors are struggling to compete in the more efficient and transparent world of IT service provisioning created by the Indian vendors.

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