TCS tops export list with Rs 11,595 cr revenues

Tata Consultancy Services (TCS), with revenues of Rs 11,595 crore (excluding the BPO segment), topped the list of software and service exporters in 2005-06, ahead of Infosys which clocked revenues of Rs 8,977 crore (excluding BPO) in the same year.

The IT exports market continued its dominance with earnings touching Rs 108,000 crore in 2005-06, an increase of 36 per cent from Rs 79,977 crore in 2004-05.

The domestic market grew by 28 per cent to touch Rs 56,141 crore this year, almost keeping pace with export growth. Overall, IT industry grew 33 per cent, according to a Dataquest Top 20 Survey.

"IT exports is likely to maintain this growth rate in the coming years, with a growing number of Indian IT firms bagging or renewing high-value long-term service contracts," Dataquest said in a statement.

Outsourcing, which is dominated by foreign players shifting their back-end operations to India, is now seeing the entry of domestic players. The domestic outsourcing segment also grew by 20 per cent in 2005-06.

The year also saw the industry on a massive recruitment drive with 7.4 lakh people joining. Infosys led the recruitment with 75 per cent freshers.

BPO exports grew by 37 per cent to Rs 27,789 crore. The training market that has been going through a lean period in the last few years grew by 14 per cent and stood at Rs 1,453 crore.

PC sales increased 21 per cent to 4,052,241 units while laptop sales jumped 168 per cent to touch 588,592 units, the survey said