IT firms have high US exposure

NEW DELHI: IT firms like Patni, Mphasis, Hexware have high exposure to the US markets, with about 70-80 per cent of their total sales coming from the region, a study by Citi Investment Research said.

The report said IT services provider Patni has the highest exposure to the US, with the market contributing about 80 per cent to its total revenues followed by Mphasis and Hexware, as much as 70 per cent of their revenues come from the United States.

About 65 per cent of revenue of Satyam and Mindtree come from the US. Infosys (63%), Wipro (60%), KPIT (60%), TCS (56%) and HCL Tech (56%) are some of the other companies with high US exposure.