Indian Companies Are Growth Leaders in IT

Feb. 11, 2009
Cognizant sees 36% growth rate, Wipro 33%

According to a survey by TBR's Professional Services Quarterly (PSBQ) 3Q08 Benchmark, India-based firms Cognizant and Wipro came in with the highest organic growth rates of 35.9% and 33.3%, respectively.

Both Cognizant and Wipro are gaining footing and winning large-scale deals and Fortune 500 clients. Additionally, both are expanding aggressively into Europe and other growing markets and pushing portfolios of high-value consulting and engineering services. In general, the offshore capabilities and portfolios of the Indian players, as well as their geographic expansion, helped them retain the lead, according to PSBQ.

"Unlike other sectors of the economy that have seen major restructurings, layoffs and significant losses, most IT services companies were able to successfully adjust their business models in the recent quarter. Demand for systems integration and consulting remains healthy in emerging economies," said Eugene Zakharov, director of PSBQ.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!