What does Satyam, Wipro, Infosys, TCS, Cognizant and HCL Technologies have in common? And, more importantly what has this got to do with a certain SWITCH. Read On!
The top six India-based offshore service providers are collectively referred to as the SWITCH companies. They include - Satyam, Wipro, Infosys, TCS, Cognizant and HCL Technologies – the SWITCH.
The latest Gartner report says that the market share of SWITCH has gone up to 2.4 percent of the total worldwide IT services market in 2007, from 1.9 percent in 2006.
TCS was able to hold on to its position as the largest of the India-based IT services vendors worldwide in 2007, rising from a ranking of 35th in 2006 to 28th in 2007 on revenue growth of 34.8 per cent (in terms of $). What is remarkable here is that, this high a growth rate was still slightly below the average for this group of vendors which stand at 38 per cent in 2007, it grew more than three times the growth rate of the total market on revenue of $3.8 billion in 2006.
This collectively and individually growth rate of SWITCH companies have surprised many by outpacing the rest of the market. The Big Blue IBM still leads the market share ranking of these companies worldwide.
No comments:
Post a Comment