Six Indian cos among BusinessWeek’s top 100 Infotech firms

NEW DELHI – Despite the turbulence in the global economic environment, six Indian companies including Reliance Comm and Bharti Airtel have been ranked among the top 100 best performing infotech companies in the world by a US magazine BusinessWeek.

BusinessWeek’s latest annual list, “The Infotech 100,” which ranks companies based on shareholder return, return on equity, total revenue and revenue growth, ranked telecoms giant Bharti Airtel 21st, followed by Reddington India (55th) and RCom ( 66.).

The list is headed by the US companies and Apple, which took the first two places this year. However, the magazine said in an accompanying report that “US corporate dominance is waning, with the country having 33 companies in the IT 100 this year, compared to 43 in 2007.”

Other Indian companies on the list include Wipro led by Azim Premji at number 74, Satyam at number 91 and HCL Technologies at number 95 on the list of 100 companies.

South African telecoms company MTN Group, which is in exclusive talks with Anil Ambani Group’s flagship Reliance Communications, was ranked 12th on the global list, ahead of global IT giants IBM and Microsoft, which ranked 13th and 13th respectively 23 are the list or

In addition, the other emerging country, China, also has six companies among the top 100 infotech companies in the world.

The magazine compiled the information for the list by sorting the financial results of 30,500 public companies and ranking the tech players based on four criteria — return to shareholders, return on equity, total revenue, and revenue growth.

The companies that top the list are those with the lowest overall ranking.

The companies that qualified had to have sales of at least $300 million, then the collection of about 800 companies was divided into eight industry categories such as software and semiconductors.

“Companies whose stock price has fallen more than 75 percent, sales have declined, or other developments have raised questions about future performance have been eliminated from the competition.

“We’ve also dropped some phone companies whose monopoly or near-monopoly power gives them an unfair advantage over competitors,” the magazine added. Six Indian cos among BusinessWeek’s top 100 Infotech firms

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