India as IBM global hub

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New York: India is one of the world's biggest IT companies IBM. IBM claims that the country would become a hub of global delivery for the company, providing research software besides contributing significantly to its revenue.

The IT giant, which is already working with local telecom major Bharti Enterprises and has entered into pacts with some other Indian corporates, expects its revenue from the country to touch USD 1 billion mark by the end of December this year.

"We expect our revenues to reach USD 1 billion by the end of this calendar year, up from 700 million dollars in 2006, driven by strong factors. In the first three quarters of the current financial, the company's revenue has grown by over 39 per cent," Green said.

IBM inks good deal in India

The recent deals IBM has inked with some of the big Indian corporates are likely to contribute a good chunk to its revenues.

Talking about the company's road map for 2010 here, IBM Vice- President (Financial Management) Jesse Green said, "we think about India as a support to entire IBM. The country will be a hub of global delivery which will help us improve margin components and growth initiatives."

Besides Bharti Enterprises, IBM has also entered into agreements with state-run telecom company BSNL and Idea. Realty major DLF, Central Board of Direct Taxes (CBDT), Delhi International Airport Limited (DIAL), Financial Information Network and Operations (FINO), BSNL and Apollo are the other big names with which it has signed pacts.

The recent deals IBM has inked with some of the big Indian corporates are likely to contribute a good chunk to its revenues.

Sources 
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