The Indian IT sector has recorded 19 per cent growth in FY 2011 with revenue of Rs 438,296 crore.
According to an annual research report by Dataquest, the sector recorded an 8 per cent growth compared to FY 2009-10. Due to the global recession in 2009 and 2010, Indian companies had cut back on their IT spending. But enterprises have now resumed their spend on new infrastructure creation and hardware replacement.
Computer hardware sales grew 28 per cent, software and services both grew at 19 per cent while Business Intelligence grew by 38 per cent in the year.
Smartphones (with revenues of Rs 8,796 crore) grew the maximum across all categories at 97 per cent. Computer hardware sales stood at Rs 29,151 crore including servers which amounted to Rs 2,709 crore, desktop computers for Rs 13,341 crore and laptops for Rs 13,301 crore.
Top IT Companies
The top seven IT companies recorded these revenues: TCS at Rs 29,801 crore; Infosys at Rs 25,477 crore; Cognizant at Rs 21,393 crore; Wipro at Rs 19,421 crore; Hewlett-Packard at Rs 19,022 crore; HCL Technologies at Rs 13,264 crore and HCL Infosystems at Rs 11,773 crore. They add up to Rs 140,151 crore.
Hewlett Packard India was the largest IT player in the domestic market while TCS was the largest exporter from India.