IT-Services

INDUSTRY OUTLOOK

• IT BPM industry revenues (excluding hardware) is estimated at around US$ 130 billion in FY 2015-16 and is estimated to be at US$ 154 billion in FY 2016-17.

• The contribution of the IT sector to India’s GDP stood at 7.7 per cent in 2016. 

• TCS is the market leader, accounting for about 10.4 per cent of India’s total IT & ITeS sector revenue in FY16. 

• The top 5 IT firms contribute over 25 per cent to the total industry revenue, indicating the market is fairly competitive.

• The domestic revenue of the IT industry is estimated at US$ 38 billion and export revenue is estimated at US$ 117 billion in FY17.

News:

JAN 2018

• IT sector funds return 18.46% in 3-months.
• IT sector Q3 preview
• Is India's IT services sector getting its mojo back?
• Indian IT gears up for $50 billion renewals
• 2018 awaits shiny job landscape with 2 lakh hirings in IT sector

Quarterly Results:

JAN 2018

• TCS Q3 Results
• Infosys Q3 Results
• Tech Mahindra Q2 Results
• Wipro Q3 Results
• HCL Technologies Q3 Results

Sources:
https://www.ibef.org/