TCS tops Nasscom's top software exporter list
Date: Tuesday , July 04, 2006
Tata Consultancy Services has retained its numero-uno position as software services exporter (excluding ITeS and BPO) followed by Infosys and Wipro in Nasscom’s Top 20 software exporter list.
Nasscom did not include companies like Cognizant, Accenture, IBM and HP, which are U.S., listed companies but have significant offshore operations in India. It added that these companies would have figured amongst the Top 10 of this list, were they to be ranked.
Nasscom president Kiran Karnik stated that India’s services exports grew by over 33 percent in FY06 to clock revenues of $17.3 billion, led by a strong demand and increased traction for traditional services like ADM, new services like EAI and package implementation, and new areas like engineering services.
“The industry has been able to maintain this growth, despite a larger base through large client wins, cross-border mergers and acquisitions, and the movement of the industry towards a stable pricing model. We have a trend where companies are increasingly winning multi-year, multi-million dollar contracts with global firms”, he said.
With India becoming a hub for global MNC firms for software development, supply chain management and other services, these players are beefing up their presence in the Indian market by investing over a billion dollars and setting up establishments here, indicating a vast and yet untapped market for Indian software companies.