Indian IT industry’s revenue up 19 percent in 2010-11
September 10th, 2011 - 9:38 pm ICT by IANSNew Delhi, Sep 10 (IANS) The Indian IT industry posted an increase of 19 percent in its total revenue at Rs.4,38,296 crore ($96.1 billion) during financial year 2010-11, said a report by a research firm Saturday.
“The growth is a significant bounce-back for the industry which recorded just 8 percent growth in 2009-10, in the wake of the global recession in 2009 and 2010, which made both global and Indian companies cut back on their IT spending,” said the annual research report of industry journal Dataquest, the flagship publication of CyberMedia.
According to the report, exports accounted for 66.4 percent of the industry while the domestic market accounted for the remaining 33.6 percent in the period under review.
The domestic market grew 23 percent posting revenues of Rs.1,47,152 crore while the exports clocked Rs.2,91,144 crore, growing at 17 percent.
While IT services exports grew at 21 percent, engineering services exports grew 22 percent, BPO exports grew 7 percent. The total services exports from India in the previous financial year stood at $64 billion, including IT software/services and BPO.
Hewlett Packard India was the largest IT player in the domestic market while Tata Consultancy Services was the largest exporter from India.
Within the Indian domestic market, computer hardware sales jumped 28 percent. Software and services grew at 19 percent each, clearly indicating that enterprises have resumed spending on new infrastructure creation and hardware replacement.
The research also revealed that most of the consumer technology segments such as laptops, smartphones, and storage devices (MP3 players, digital cameras, consumer storage media) have recorded impressive growth.
Smartphones (revenues of Rs.8,796 crore) grew the maximum across all categories at 97 percent in revenue terms. Computer hardware sales of Rs.29,151 crore included servers (Rs.2,709 crore), desktop computers (Rs.13,341crore) and laptop computers (Rs.13,301 crore).
TCS, Cognizant and Wipro were the three top IT companies with Rs.29,801 crore, Rs.25,477 crore and Rs.21,393 crore revenues, respectively.
- Top 20 Indian outsourcing firms grew 13 percent in 2010-11: Report - Aug 19, 2011
- Indian IT exports to touch $50-billion despite meltdown - Feb 04, 2010
- Kingfisher Airlines third quarter loss at Rs.444 crore - Feb 16, 2012
- Boom in Indian telecom industry to continue - Jun 12, 2011
- Indian IT industry bucks global recession to sustain growth - Jul 19, 2009
- Buoyant Indian IT industry rebounds but remains cautious (2010 in Retrospect) - Dec 30, 2010
- Tata Motors third quarter net profit up 40.47 percent - Feb 14, 2012
- IT market to reach $51 bn by 2014: Study - Jun 14, 2011
- Infosys lowers guidance for fiscal 2013 (Lead) - Apr 13, 2012
- Electronics development fund to promote innovation soon: Official - Feb 21, 2011
- Bajaj Auto's Q3 net profit zooms 19 percent - Jan 19, 2012
- RComm sequential quarterly profit rises 60.5 percent - Nov 12, 2011
- Mini-laptop market to shrink by 40 mn in 2012 - Dec 08, 2011
- Year of tech, tweets, tablets and telecom (2011 in Retrospect) - Dec 27, 2011
- Tax benefits to SMEs urged - Feb 13, 2012
Tags: bpo, computer hardware sales, consumer storage, consumer technology, crore, cybermedia, dataquest, digital cameras, exporter from india, flagship publication, global recession, hardware replacement, impressive growth, largest exporter, market computer, rs 8, storage devices, storage media, tata consultancy services, technology segments