New Delhi, Sept 29 (UNI) IBM has registered a market share of 9.6 per cent for calendar year 2007 in the Indian domestic IT services market, according to IT market research and advisory firm IDC.
''This was driven by significant, large-scale business transformation engagements, signings across consulting and application services portfolios and growth in integrated technology services, strategic outsourcing, and maintenance and technical support,'' IBM India Vice President and General Manager (Global Technology Services) Nipun Mehrotra told reporters here.
The Indian domestic IT services market has grown over five billion dollars in 2007 and this growth can be attributed to the growth in number of outsourcing contracts being signed up in the country, added IBM India Managing Partner and General Manager (Global Business Services) Sandip Patel.
Asked if the company expected any dip in orders in the current fiscal on account of the US slowdown, Mr Mehrotra said, ''we have solutions of all permutations. This can help companies even in the time of this crisis.'' IBM derives one-thirds of its revenues from the US.
The company is also betting big on the emerging markets with products being tailor-made for SMBs.
Talking to UNI, Mr Patel said, ''with the US slowdown, we expect companies to look for solutions that will help in cutting cost and we have products that can help them.'' Asked if any of the bankrupt or ailing firms were its clients and what kind of losses were expected from such firms, Mr Patel refused to divulge details saying, ''all these companies are associated with IBM in one way or other and it will be difficult to say what is the impact going to be now.'' UNI SR MP SK KP2034