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IT revenues top $10 billion in 2000-01, says survey

India's information technology sector boosted revenues by 50 per cent to Rs 496 billion in the year ended March, industry magazine Dataquest stated.

Turnover from IT exports rose 64 per cent to Rs 263.2 billion, while domestic revenues grew more than 37 per cent to Rs 233.6 billion, Dataquest said in a statement on Thursday.

"This is the first time that exports have outpaced the domestic market, but what's more significant is the great show by domestic vendors amidst a slowdown," Dataquest, which has no relation to its US-based namesake, said.

India's software exporters, which dominate the country's technology sector, clocked exports of $6.2 billion in 2001-02, up 55 per cent from the previous year.

But the sector has been hit by a downturn in the U.S. economy, its top market which contributes over half of total sales.

The HCL group which includes HCL Technologies, the country's fifth largest software exporter and computer education and software firm NIIT, topped the revenue-based ranking of India's IT groups in an annual survey, Database said.

The Tata group, one of the country's biggest industrial conglomerates, which owns Tata Consultancy Services - India's biggest software exporter - stood second.

It was followed by software giant Wipro, Compaq India and Infosys Technologies, India's second-largest software exporter.

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