Infy, Wipro among world's top 100 tech firms

[quote:a7618937c6]Infy, Wipro among world's top 100 tech firms

ECONOMICTIMES.COM[ TUESDAY, JUNE 15, 2004 12:53:27 AM ]

Indian billion-dollar-club members Infosys Technolgies and Wipro are among the 100 top infotech companies of the world.

The Businessweek Survey of the best IT companies found Infosys at the 27 th spot and Wipro occupying the 62 nd place among the 100 companies. Microsoft, with $35,608 million in revenues , was in the 49 th position on the list with a revenue growth rate of 13.5 per cent only.

Another US IT giant, Hewlett-Packard, was in the 71 st position with a revenue of $76,828 million (second only to IBM), but with a revenue growth of 9.1 per cent. Apple was in the 74 th spot with a revenue of $7,175 million and a revenue growth of 23.2 per cent.

Infosys Technologies was 27th on the list with a revenue of $1,062.6 million and a growth rate of 41 per cent.

Azim Premji's Wipro was at 62nd position with a revenue of Rs $1,190.9 million. The infotech-services company plans to expand to further expand in to corporate IT services.

The original survey was conducted by Standard & Poor's, a division of The McGraw-Hill Companies that has computerised information on 10,000 publicly traded corporations.

BusinessWeek refined the survey to include only information technology companies.

Several other Asian companies were among the Top 20, out of which six were Taiwanese companies. None of the top three firms are American. European companies debuted at number 7 with Russia’s Mobile Telesystems.

The top slot was taken by the Korean LG Electronics with a revenue of $29,909 million and a growth rate of 66 per cent. LG was followed by Mexico's wireless player America Movil with a revenue of $8,736.9 million.

At number three was Taiwan's Quanta Computer with a revenue of $8,742.3 million, followed by Hon Hai Precision of Taiwan again with a revenue of $10,898.8 million.

Nextel was the first US firm to enter the top 20 at number five. Intel was at number 13.

Dell of US was sixth on the list with a revenue of $43,452 million. The other US company in the top 10 was IBM with a revenue of $91,316 million.

The entire survey was based on the latest available revenues for the 12-month period ended December 31, January 31, February 29, March 30 or April 30.[/quote:a7618937c6]
src: http://economictimes.indiatimes.com/articleshow/739024.cms