In 1958 article published in Harvard Business Review first appeared the word Information Technology (IT). Since then IT became part of many grand companies. Information Technology (IT) is the use of computers to store, retrieve, transmit, and manipulate data or information. Therefore, cloud computing, artificial intelligence, machine learning, robotics, programing etc all are advance technologies. Meanwhile, IT companies are among the top companies of the world. They are the main reason for development and raise of economy.
Top Indian IT Companies
1. Tata Consultancy Service (TCS)
The largest and number one IT company in India. This Multinational Company is high revenue bulider and gainer too. Furthermore, the market is preoccupied by Tata Group. The company is listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). It had market capitalisation of Rs. 8,10,000 crores.
A global giant and second top most Indian IT company. It is listed on NYSE and it is the best IT company in India. The market capitalisation is approximately US$ 47.7 billion. It creates revenue around Rs. 87,371 crores.
3. HCL Technologies
HCL Technologies has wide coverage and operates across sectors including aerospace and defense, automotive, banking, capital markets, chemical, energy and utilities, hi-tech, consumer goods, insurance, manufacturing, mining and natural resources, oil and gas, retail, telecom, and travel, logistics & hospitality etc. It creates total revenue of US$9.93 billion.
And others like wipro, Tech Mahindra etc are also top IT companies.
According to a report, TCS, Infosys, HCL Technologies and others IT companies of India are set to gain from Amazon, Microsoft and Google. Brokerage Edelweiss has revised its earnings expectations to between 2% to 20%. The target prices have been increased by 25% to 26% across the sector. Eventually, this can be boom for Indian IT companies after pandemic goes away.
Perhaps, the huge technology companies like Facebook, Google, Microsoft, Amazon are ready to help Indian IT companies. By raising their percentage change the companies will surely climb at the peak. Moreover, Outsourcing helps and benefit alot. For instance, Microsoft helped Mindtree. It contributed 24.8% revenue to Mindtree. Therefore, all the global companies wishing to excessively contribute and invest in Indian IT companies.
According to the former Finance Minister of India, Arun Jaitley said, “Year 2020 will be a boom period for India.” As per our growth and listing under top 10 economies across the globe. Meanwhile, Corona virus interrupted in between. During this pandemic, the GDP rate slows down. Therefore, this resulted in unemployment and bankruptcy. Hence, currency fluctuations and and market regulatory changes can bring a massive change in further plans.