DQ Top 20: TCS remains unbeaten

BANGALORE: Tata Consulting Services (TCS) remained unchallenged at the top of Dataquest's Top 20 Indian IT companies.

All the top 20 companies figured in the DQ list last year have found their places in the latest list, albeit changes in ranks in the hierarchy among the last 14 companies.

The top six — TCS, Infosys, Wipro, Hewlett-Packard, IBM and Satyam Computers, maintained their ranks for the consecutive second year.

A DQ survey revealed the share of top 20 players was 53 percent - Rs 65,329 crore in the total industry size of Rs 124,039 crore during the fiscal year 2004-05.

The survey also said that the top 20 companies grew 41 percent to Rs 65,329 crore in FY2004-05, compared to Rs 46,279 in 2003-04.

The performances of DQ Top 20 companies gain significance in the light of the industry's consolidated growth. The industry, in general, grew 33 percent to Rs 124,039 from Rs 92,924 crore.

“TCS, which was a division of Tata Sons until a year ago, reported only standalone revenues. However, after the IPO, the number one is reporting a consolidated revenue, including the numbers of CMC,” DQ said.

During the fiscal year 2004-05, Infosys has managed to reduce Wipro's lead. On the same lines, HP has narrowed the gap with Infosys.

The report added that Cognizant Technology Solutions at 80 percent was the fastest growing company among the top 20. It ranks 16, two positions up from its position last year.

For the top 20 companies, revenues from exports brought 55 percent of the total business last year. The domestic market expanded 40 percent to Rs 29,283 crore from Rs 21,021 crore in 2003-04.

According to the survey, TCS, Infosys, IBM, Cognizant and Oracle registered a very high revenue growth. The growth in revenue of HP, Cisco, Redington, Microsoft and i-flex's growth were above average compared with the pervious year.

Tech Pacific, Patni Computer, Samsung and Moser Baer disappointed with below average performances.