Top 200 IT cos in India log revenues of $84 bn in FY11

Top 200 IT companies in the country like TCS, Infosys, HP and Cognizant logged a combined revenue of USD 84 billion (Rs 3,84,250 crore) in FY'11, growing at 25% over the last year, a study today said. 

According to a study by Cybermedia, this is the highest rate of growth in last four years and surpasses the 24 per cent growth witnessed in FY'08, the year before the slowdown.

The revenues of these companies in FY'10 and FY'09 stood at Rs 3,07,126 crore and Rs 2,89,093 crore, respectively. 

The top 10 companies in terms of revenue were Tata Consultancy Services, Infosys, Wipro, HP India, Cognizant, IBM India, HCL Technologies, HCL Infosystems, Ingram Micro India and Redington India.

"The combined revenue of the Top 20 IT companies was USD 54 billion (Rs 2,47,808 crore) in FY'11, which is also higher by 25%," the study said.

This is significantly higher than the 8% growth recorded in FY'10 with revenues of Rs 1,98,017 crore.

"The faster growth of India focused IT companies shows that the high growth potential of Indian market is being tapped. Increasingly, we expect India to become a bigger player in the global IT scenario as a market, a technology creator and a hotbed of innovation