IT, ITeS and related services prove a new facet of India to the world

IIPM PUBLICATION
With Indian IT companies such as Satyam, Cognizant and Infosys continuing to post impressive sales growth in excess of 25% during FY07, the Indian IT sector still remains the emperor within kings and continues to witness growth that would be an envy across the globe. There is a robust demand for off shore IT services and this scenario is surely going to rub off on the relatively smaller players such as i-Flex solutions, Geometric soft ware, MegaSoft , Infotech Enterprises, Subex Azure to name a few. All the above mentioned companies have a burly base of marquee clientele and have a strong presence in the high growth markets. The aforesaid companies have been consistently making profits and even MegaSoft (the smallest of the eight companies in terms of yearly revenues) has posted revenues in excess of Rs.1 billion in FY06 and a profit after tax of Rs.201 million.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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