The Hindu : Business : Infosys, Wipro on top 100 IT companies' list

Online edition of India's National Newspaper
Wednesday, Jun 16, 2004

Business

Business

Infosys, Wipro on top 100 IT companies' list

NEW DELHI, JUNE 15. Indian software giants Infosys Technologies and Wipro, which recently turned billion-dollar companies in terms of revenues, have been ranked among the top 100 infotech companies in the world.

According to a BusinessWeek Survey of the world's best IT companies, Infosys is placed 27th globally and Wipro 62nd on the list of top 100, which has LG Electronics at the No. 1 slot.

Infosys posted revenues of $1.062 billion (90th best returns), a growth rate of 41 per cent (24th), a return on equity of 28.3 per cent (14th) and a shareholder return of 90.6 per cent (25th). Its profits were placed at $270.3 million.

Wipro had recorded its revenues at $1.191 billion (86th), revenue growth at 20.4 per cent (56th), return on equity at 22.9 per cent (26th) and shareholder return at 130.9 per cent (9th). It had a profit of $210.8 million.

The IT 100 survey was based on the latest annual revenue figures of the companies. To compile the information technology 100, BusinessWeek began with financial data from Standard & Poor's. To qualify for the survey, companies had to have revenues of at least $300 million. Korean technology giant LG Electronics was ranked the best IT firm in the world, with revenues of $29.909 billion (12th) and a growth rate of 66 per cent (12th).

Going only by revenues, IBM of the U.S. was number one at $91.316 billion. However, IBM was ranked 10th overall. America Movil, Mexico's wireless player with revenues of $8.737 billion was ranked the second best IT company in the world. Taiwan's Quanta Computer, with revenues of $8.742 billion was the third.

Hon Hai Precision of Taiwan, with revenues of $10.899 billion was the fourth-best IT company. The only American company in the top five was Nextel at the fifth position, with revenues of $11.555 billion.

Chip giant Intel was ranked 13th, while Dell stood 6th on the list with revenues of $43.452 billion.

Microsoft, with $35.608 billion in revenues, has been placed in the 49th position on the list with a revenue growth rate of only 13.5 per cent. Hewlett-Packard too, with second-highest revenues (after IBM) at $76.828 billion, has been ranked 71st. HP had a revenue growth of 9.1 per cent. Apple is in the 74th position and has revenues of $7.175 billion and a growth of 23.2 per cent. — UNI

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