Software

The software industry is continuously expanding in India. It is a leading destination for the IT and IT-enabled services worldwide. Per NASSCOM, the leading body for the software industry in India, the gross revenue has grown from 1.2% from 1997–1998 to 5.8% from 2008–2009.   India is the preferred destination for companies and their business needs. The factors that attract potential investors are the huge talent pool offered by India, good...
The Indian IT and Computing industry is a major economy player in India. Mainly based on IT software and facilities such as system integration, software experiments, custom application development and maintenance (CADM), Network and IT services and solutions; the country’s IT-BPO industry expanded by 12% during fiscal year 2009, and attained aggregate returns of US$71.6 Billion. Out of the derived revenue, US$59.6 billion was directly generated...
International Business Machines Corp. (IBM) is looking for viable investments in India and globally in its ambition to double its earnings in five year time period through expansion in new and emerging economies, with a focus on software and services. The company has an estimated $20 billion, about Rs 93,660 crore worth of investment funding that it intends to use in the expected Indian and global acquisitions. IBM’s CEO had earlier laid...
Essar business process outsourcing arm (BPO), Aegis, reported that it is currently working on various strategies to hit its targeted $1 billion revenue mark. The company has been shopping for investments lately, recently investing in AGC Networks in an acquisition purchase that saw its approximated earnings stand at about $700 million with its headcount reaching 40,000. Aparup Sengupta, Aegis MD and SEO said the company was currently...

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