Wipro to be among top 10 IT firms
India's third largest software exporter, Wipro, on Monday said it will figure in the league of top 10 IT services firm globally in terms of revenue in the next 2-3 years.
By PTI |
NEW DELHI: India's third largest software exporter, Wipro, on Monday said it will figure in the league of top 10 IT services firm globally in terms of revenue in the next 2-3 years.
"Indian IT services firms like Wipro are currently among the top 10 globally in terms of market capitalisation, but not in terms of revenue. We expect that in next 2-3 years, Wipro will be in top 10 among IT services firms in terms of revenue as well," the company said clarifying the earlier statement of its Chairman Azim Premji that Indian IT trio (TCS, Wipro and Infosys) may join top 10 m-cap league globally in the next 2-3 years.
Earlier in September this year, global financial services major Morgan Stanley had ranked the three Indian companies in top five firms in global IT services space.
Infosys was ranked above US-based IT major Accenture, while all three Indian tech giants were placed above US-based EDS and Computer Sciences Corporation as well as European giants like Cap Gemini and Logica Plc in market cap league.
The three majors are continuing their leading positions in the global IT services space on the basis of their current market values.
"Indian IT services firms like Wipro are currently among the top 10 globally in terms of market capitalisation, but not in terms of revenue. We expect that in next 2-3 years, Wipro will be in top 10 among IT services firms in terms of revenue as well," the company said clarifying the earlier statement of its Chairman Azim Premji that Indian IT trio (TCS, Wipro and Infosys) may join top 10 m-cap league globally in the next 2-3 years.
Earlier in September this year, global financial services major Morgan Stanley had ranked the three Indian companies in top five firms in global IT services space.
Infosys was ranked above US-based IT major Accenture, while all three Indian tech giants were placed above US-based EDS and Computer Sciences Corporation as well as European giants like Cap Gemini and Logica Plc in market cap league.
The three majors are continuing their leading positions in the global IT services space on the basis of their current market values.
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