INSIDE THIS ISSUE
   
   
   
  01 MAIN
   
   
  02 TRADE & ECONOMY
   
   
  03 INVESTMENT UPDATE
   
   
  04 NEWSMAKERS
   
   
  05 INFOTECH
   
   
  06 CULTURE
   
   
  07 TRAVEL
   
   
  08 CALENDAR
   

   
  HIGHLIGHTS
   
 

Australia participates in ‘Global Steel 2006’
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  Jammu and Kashmir
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  05. INFOTECH
   
 
  Indian IT companies fastest growing
 
 
   
  According to a research by independent market analyst Datamonitor. India's big IT services companies also ranked as the most profitable suppliers in the top 50 rankings in terms of both net and operating profit margin. Datamonitor puts the size of the IT services market (including applications, infrastructure, consulting, and BPO services) at $513bn in 2005, meaning that the 50 largest vendors claimed a share of 51 percent.
 
 
         
There was little change at the top of the rankings, with IBM, EDS, Fujitsu and Accenture again placed one to four, although BT Global Services overtook its German peer T-Systems to take eighth spot.

However, India's five largest players all made significant moves up the league table, growing their combined sales by 35 per cent to $9.3bn. This is due to the lower salary costs in India, which can be as much as 50 per cent lower for some skills over comparable rates in the US. Infosys was the most profitable supplier in terms of net profit margin with a 26
  per cent in its most recent fiscal year, ahead of Satyam with 23per cent and TCS with 22per cent.

Datamonitor ranked the top 50 suppliers based on their revenue figures reported in their most recent fiscal years. The numbers used are the "as reported" figures in annual results statements, and are not adjusted for foreign exchange movements, disposals or acquisitions.

The list excludes companies that make the bulk of their revenues from reselling products, and captive IT
  operations that make the majority of their revenue from their parent organizations.

The study estimates the size of the global IT services market at $513bn in 2005, meaning that the 50 largest vendors claimed a share of 51 per cent.

The largest player, IBM Global Services accounted for a 9 per share, highlighting the relatively fragmented state of the marketplace.

For the year 2006, the survey predicts more M&A activity that is likely to alter the very shape of the top 50 rankings.
   
             
  Software exports touch US$ 23.49 billion

According to figures released by Electronics and Computer Software
  Export Promotion Council, Software and services exports from India are estimated to have grown at 35.54 percent year-on-year in 2005-06 to US$ 23.49 billion.

The exports this year have surpassed the target of 22.27 billion
  dollars, according to the provisional results released by the Council.

The rate of growth in computer sofware exports this year has maintainted the momentum achieved in the previous years despite the higher base.
 
         

 


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