Financial Analysis of Companies: Tcs, Wipro, Satyam

Overview-Indian IT Services Sector: Indian IT effort started in mid-seventies had a slow growth in the initial years, with nearly of the efforts being made by Public Sector Undertakings and other large users like defense. It started in a big authority in 1984, when some real reforms were brought in by the government. notwithstanding 1990s saw the real action and the Indian expertise and talent was recognised; companies started getting quality certifications like CMM which is right away CMMi and had the largest share of such certifications in the world. The Indian software industry is growing at a rate of more than 50 percent a year, and the country appears to be on insure to achieve IT exports of U.S. $50 billion by 2008 (Carretek n.d). The IT industrys component to GDP rose from 1.2 per cent in 1999-2000 to an estimated 4.8 per cent in 2005-06 (IBEF, 2007). According to Nasscom , the strength of the Indian software industry is indicated by the fact that the export revenues has grown at a mix Annual Growth Rate of 35 %. Advantage India: Largest pocket billiards of Technical Talent Comparatively spicy exchange value Young works population compared to the West Highly educated workforce fluent in English.

High-end technological infrastructure to connect and communicate with any originate of the Globe Low salary compared to other countries. Government support for backcloth up companies Tax Holidays under STPI for 100% EOU (Export Oriented Units) Forces operate the Industry Three major factors affecting software industry is disposed below (Wilson, 2001): Threat of new submission: ?The barrier of entry which lies in some industry does not exists in IT or software services industry. Software Company can be started with very less capital investment. It basically needs information processing system and the knowledge to do software. Because of this low barrier to entry and high rate of success, competition tends to be acute. ?Another... If you want to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.