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Wipro among top 100 IT companies

Indian software giant Wipro is among the top 100 IT companies in the world.

Infosys Technologies and Videsh Sanchar Nigam Limited are among top 200 firms on the list complied by the American business magazine, Business Week.

Wipro occupies the 87th position. Infosys is placed at 102 and VSNL at 143 in the rankings to be published in the magazine's next issue. The ranking is based on most recent annual sales and earnings, revenue growth rate and return on equity among other factors, Business Week said.

Wipro had revenues of $ 662 million, growth in revenue $ 26.5 million, return on equity 33.7 per cent and profits of $ 137 million.

Infosys's revenue, according to the weekly, was $ 413.9 million, growth in revenue $ 103.4 million, return on equity 42.3 per cent and profits of $ 131.9 million.

VSNL's revenue was $ 1570.5 million, but rate of growth was negative (minus $ 2.9 million), return on equity was 19 per cent and profits of $ 338.8 million.

Among the services and distributors group, Wipro is ranked 16th and Infosys 18th. IBM tops this list.

In the telecommunication group, VSNL finds 24th place with Verizon Communications topping the list.

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