"The year 2012 has been a landmark year for the Indian IT industry... At such a large base, we expect the industry to clock double digit growth in FY 2013 which exhibits that despite global uncertainties, IT-BPM industry has moved from efficiency to effectiveness," it added in an emailed response.

Year 2012 was a mixed one for the top five IT services firms. While Tata Consultancy Services (TCS), HCL Technologies and Cognizant saw good growth, Infosys and Wipro lagged peers.

TCS and HCL Technologies have registered quarterly revenue growth 13 per cent and 17 per cent in dollar terms, while both Infosys and Wipro registered under 5 per cent growth.

Also, Infosys slashed its revenue growth outlook to five per cent for FY2012-13 and suspended its practice of giving quarterly guidance, while Wipro hived off its non-IT businesses like Consumer Care & Lighting into a new company to focus exclusively on IT.

Cognizant continued to give strong competition to its counterparts, pushing Infosys to the third spot in the top Indian IT services players tally with growth of over 20 per cent.

Though it is not listed in India, Cognizant is often referred to as an Indian entity with three-fourth of its over 1.50 lakh employees being based here.

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