Indian IT services companies lagging in the next big thing

June 8, 2015

ind2Indian IT companies are looking to build up their presence in the social, mobile, analytics and cloud (SMAC) space, but they have a long way to go to catch up with their global outsourcing peers when it comes to offering elements of these new technologies to clients. Infosys Ltd gets 8% of its $8.7 billion revenue from offering solutions to clients in the SMAC or digital space, a relatively small percentage when compared to global outsourcing giant Accenture Plc, which gets a fifth of its $30 billion revenue from client spending in that area.

Client spending in the digital space brought about $800 million in revenue for Infosys, which is about the same its cross-city rival Wipro Ltd generated for the year ended March. Wipro generated about 11.4% of its $7.1 billion revenue from client spending in that area. Source

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