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IT revenues cross $28.5 b in 2004-05

Our Bureau

New Delhi , July 15

THE domestic IT industry logged in total revenues of Rs 1,24,039 crore ($28.5 billion) in the year ended March 31, 2005, recording a growth of 33 per cent.

The industry showed a substantial growth across all segments, while the IT exports grew 36 per cent to record revenues of Rs 81,013 crore.

The industry grew 27 per cent to report revenues of Rs 43,026 crore.

The top 5 IT groups - TCS, Wipro, Infosys, HP and HCL - collectively grew 41 per cent thus accounting for a third of the total Indian IT industry. This has been reported in a recent survey of the Indian IT industry by the industry journal Dataquest.

The hardware segment, comprising servers, workstations, peripherals, and networking equipment, recorded a growth of 17 per cent to post revenues of Rs 25,079 crore.

The training industry recorded a growth of 10 per cent to log in revenues of Rs 1,270 crore.

NIIT maintained its leadership as the top training company by increasing its revenues 11 per cent last year and improving its market share to 31 per cent.

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