Orissa’s software exports grew by 39 percent in 2008-09

March 27th, 2009 THIRUVANANTHAPURAM - While India's overall software exports have slowed down on account of the global slowdown, those from Kerala grew 43.41 percent till February-end, fetching a revenue of Rs.2,300 crore. 'While the STPI (Software Technology Parks India) figures for the country show a growth of 17.62 percent till February-end this fiscal, software exports from Kerala have grown at 43.41 percent,' said an IT department official who did not wish to be identified.

June 11th, 2009 CHANDIGARH - Software exports from Chandigarh and its adjoining towns of Panchkula and Mohali grew 31 percent to cross Rs.1,050 crore in 2008-09, compared to Rs.800 crore the year before. Growth results released by officials here said that software exports in the union territory, particularly from the Rajiv Gandhi Chandigarh Technology Park here, rose from Rs.504 crore in 2007-08 to Rs.750 crore last year.

September 1st, 2009 BANGALORE - Defying the global meltdown, Karnataka earned $17 billion (Rs.74,929 crore) from software exports last fiscal (2008-09) as against Rs.60,800 crore the previous year, registering a 23 percent growth in rupee terms and 21.5 percent in dollar terms. "The export performance of the IT industry in the state, especially Bangalore, demonstrates the knowledge sector remains unaffected by the global meltdown and decline in IT spending overseas," state Information Minister Katta Subbramanya Naidu told reporters here.

February 3rd, 2009 NEW DELHI - The Indian software and services industry is expected to grow 16 percent this fiscal and log revenues of $60 billion despite the global slowdown, a top lobby for the industry said Wednesday. The National Association of Software and Service Companies (Nasscom) said in its report that together with the business process outsourcing (BPO) sector, the revenues are expected to top $71.7 billion with a growth of 17 percent.

September 3rd, 2009 CHANDIGARH - India is expected to clock double-digit growth in the software and IT enabled services (ITeS) exports next year as the US and other markets are recovering from the meltdown, a top official of the trade association NASSCOM said here Thursday. "We are expecting IT exports to grow in double digits as the software markets of the US and other countries are recovering well.

July 2nd, 2009 HYDERABAD - The Andhra Pradesh government Thursday said the state has posted a 24.5 percent growth in information technology export revenues during 2008-09, higher than the projected national growth of 20.65 percent, but this includes the inflated figures submitted by the scam-tainted Satyam Computer Services. The exports during the year were Rs.32,509 crore (Rs.325.09 billion/$6.79 billion) against Rs.26,122 crore (Rs.261.22 billion/$5.45 billion) during 2007-08.

December 22nd, 2008 KOLKATA - Emerging IT companies in the US could drive India's software services exports, with the second quarter of the next fiscal (2009-2010) proving to be the critical phase, a senior industry representative said here Tuesday. 'Bailout packages being announced by the government of the US would help the IT (information technology) industry of India at a rate faster than earlier imagined,' Sanjiv Narayan, chairman of Electronics and Computer Software Export Promotion Council, told reporters.

July 8th, 2009 CHENNAI - The Tamil Nadu government will announce a slew of measures to help IT sector attract fresh investments, a senior official here said Wednesday. "The proposals will be announced in the assembly," IT Secretary P.W.C.

May 6th, 2009 BANGALORE - The Indian IT industry is set to witness a single-digit growth in software and services exports in 2009-10 because of global recession and lower technology spending in the US and Europe, a top industry body official said Wednesday. 'Software exports of Indian IT industry are projected to grow in single digit this fiscal due to economic slowdown and lower tech budgets in major markets like the US and Europe.

January 20th, 2009 BANGALORE - Wipro Ltd has posted a net profit of Rs.10.04 billion (Rs.1,004 crore/$204 million) for the third quarter (October-December) of this fiscal (2008-09), registering 18 percent year-on-year (YoY) growth under the Indian accounting system. In regulatory filing Wednesday, the IT bellwether said its consolidated revenues for the quarter under review (Q3) was Rs.66.18 billion (Rs.6,618 crore), posting 25 percent YoY growth.

February 15th, 2009 BANGALORE - Infosys Technologies vice-chairman Nandan M. Nilekani Monday admitted that the global economic meltdown has affected hiring in India's IT industry.

April 15th, 2009 WASHINGTON - With major companies in the Silicon Valley suffering the biggest slump since the dot-com bust, some firms are eyeing India and China to recover from the effects of a global economic meltdown. The total market capitalisation of the leading technology hub's 150 biggest public companies plunged 32 percent to about $850 billion for the last 12 months ending March 31, the worst decline since 2002, according to an annual survey by the San Jose Mercury News.

April 20th, 2009 CHENNAI - Chennai-based Polaris Software Monday said its net profit was up 79 percent at Rs.130.71 crore for 2008-09, compared to Rs.73.22 crore earned the previous year. The company's revenues grew 25 percent to stand at Rs.1,377.95 crore from Rs.1,099.3 logged the fiscal before, it said in a regulatory statement.

January 20th, 2009 BANGALORE - Wipro Ltd posted net profit of Rs.10.04 billion (Rs.1,004 crore/$204 million) for the third quarter (October-December) of this fiscal (2008-09) as against Rs.8.54 billion (Rs. 8,540 crore) in the same period last fiscal, registering 18 percent year-on-year (YoY) growth under the Indian accounting system.

June 21st, 2009 NEW DELHI - The IT and IT enabled services (IteS) industry in India is expected to grow 10.8 percent to touch Rs.309,573 crore ($64 billion) in 2009, the slowest in the last five years, a report released here said. "The domestic market is estimated to grow at 10.2 percent to touch Rs.109,406 crore, while exports will likely grow at 11.2 percent to cross Rs.200,000 crore, the report by market intelligence firm IDC said.