India as IBM global hub
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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