– Round up of the Indian IT outsourcers

How did the Indian IT outsourcers do? Here is a round up!

* While TCS, Wipro and Infosys achieved $1 billion revenue in the first six months of the current fiscal, Satyam Computer is likely to join the $1 billion revenue club by the end of the current financial year.
* TCS outperformed its peers on the net profit growth front.
* Satyam posted the biggest revenue growth.
* TCS’s 21.26 per cent growth in revenue was the lowest among the four IT companies.
* Satyam’s consolidated net profit, as per Indian GAAP, rose 34.2 per cent from Q2 last fiscal.
* Satyam’s net sales grew 33.97 per cent. The rise in net profit was partly due to a 31.6 per cent surge in other income. Both net profit and sales beat market expectations.
* Infosys, which crossed the billion-dollar revenue mark in fiscal 2004, will turn into a multi-billion entity by the end of the year. Net profit was up 35.57 per cent and revenue was up 31.14 per cent from the corresponding quarter last year.
* Wipro’s revenue grew 26.7 per cent for the second quarter ended September 2005. However, its net profit grew only 16.10 per cent. The poor profit growth can largely be attributed to a fall in operating margins in its BPO services, to 13 per cent in the quarter ended September 2005 from 22 per cent during the corresponding quarter last year.

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