Now Wipro drops Satyam from rival list

New York, May 21: After Infosys, Wipro on Thursday, May 21 removed fraud hit Satyam Computers's name from the list of competitors.

Satyam used to be a regular in the list of competitors mentioned by its larger peers like Infosys and Wipro in their annual report filings with the US market regulator Securities and Exchange Commission.

All the three major Indian IT companies Infosys, Wipro and Satyam are listed in US, Infy on Nasdaq and the rest two on the New York Stock Exchange.

In its latest annual report filing with SEC, Wipro has said that "the market for IT services is highly competitive and rapidly changing. Our competitors in this market include consulting firms, big four accounting firms, global IT services companies, such as Accenture, IBM Global Services and India based IT services companies such as Cognizant, Infosys and Tata Consultancy Services."

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