Print 8 comment(s) - last by inperfectdarkn.. on Dec 11 at 9:32 PM

IBM wants to keep cashing in on India

IBM over the weekend announced it is quickly approaching $1 billion USD in revenue from the Indian market for the entire year of 2007.
"We expect our revenues to reach USD one billion by the end of this calendar year up from 700 million in 2006 driven by strong factors. In the first three quarters of the current financial, the company's revenue has grown by over 39 per cent," said Jesse Green, IBM VP of Financial Management.

During 2006, IBM had a growth rate of 37 percent in India, and grossed almost $700 million USD.

The increase in revenue was helped by several major deals IBM made with companies in the nation throughout the year.  IBM has deals with major telecom, realty and financial companies in India, with other announcements expected in 2008.

"India is very important to us, not only for its domestic sales but providing a competitive cost structure and skills set to compete globally in the services businesses," Greene added.

Furthermore, IBM expects to see India as the "hub for global delivery," allowing the company to conduct major research and development in the growing tech nation.  The nation's evolution into a "hub" allows India to bring in added resources and technologies that used to go to other BRIC (Brazil, Russia, India, China)-type nations.

IBM currently has 53,000 employees and 35 offices in India, making up one-seventh of the company's global workforce.  The company had only 3,000 workers in 2002.

Comments     Threshold

This article is over a month old, voting and posting comments is disabled

By Bluestealth on 12/10/2007 10:32:24 AM , Rating: 2
I don't usually comment on typos because I make enough myself but... its not yet quite the year 20002.

RE: Typo
By cleco on 12/10/2007 10:36:54 AM , Rating: 2
man, what would life be like in 20002? I'm guessing dead

RE: Typo
By Schadenfroh on 12/10/2007 10:59:18 AM , Rating: 3
If you thought Y2k was scary, just think about Y20K!

RE: Typo
By bupkus on 12/10/2007 2:15:09 PM , Rating: 3
Yah, but you'd have 10,000 years to prepare for it.
But then again, most people just have to wait until the last minute. ;=)

Power 6 now in India
By Trisagion on 12/10/2007 12:14:10 PM , Rating: 2
Most of the their revenue comes from the server market. IBM just launched the Power6 dual core processor and their System p570 and BladeCenter JS22 servers here yesterday. I can see where the 1 Billion $USD is going to come from.

RE: Power 6 now in India
By tusker on 12/10/2007 12:38:49 PM , Rating: 3
Hello.. IBM in India is not just focussed on hardware developemt. I was working with IBM in Delhi in 2005. Their core business in India is 'IT' 7 'ITES' Services. among the 53K employees, 25K work in BPOs, another 25K work in software development/deployment. May be some 3K must be working on the hardware wing, in R&D.

And the inside knowledge is...
By xphile on 12/11/2007 7:51:08 PM , Rating: 2
Internally the company name is soon to be changed to "Indian Business Model". It will still be known as IBM to everyone else.

In the IBM New Delhi headquarters the companies Indian revenue stream is expressed as 2,424,214,475 Nan bread per annum and rising.

i do NOT want to hear....
By inperfectdarkness on 12/11/2007 9:32:56 PM , Rating: 2
dann ku vor kulling tek souport

howw mai eye halp yu?

anyone else as sick of this as i am?

“And I don't know why [Apple is] acting like it’s superior. I don't even get it. What are they trying to say?” -- Bill Gates on the Mac ads

Copyright 2016 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki