The Booming IT!

The top 20 IT companies of the country earned $28 billion in 2006-07. This is 42 per cent more than the revenue earned the previous year. According to an annual survey conducted by DataQuest, 11 of these companies — Wipro, TCS, Infosys, Satyam, HCL Technologies, Teledata Informatics, Redington India, HCL Infosystems, Tech Mahindra, Patni, Computer Systems and Moser Baer —accounted for $17 billion. The other big earners are global names—HP, IBM, Ingram Micro, Oracle, Cognizant, Cisco, Intel, Mic-rosoft and Lenovo — and they earned $11 billion, recording a 39 per cent growth in revenue. Dataquest cited these figures as an indication of the maturity of the Indian IT industry. The survey also found that major IT companies were spreading their network into smaller cities and towns.