New Delhi: Despite turbulence in the global economic environment, six Indian companies, including Reliance Communications and Bharti Airtel, have been named among the top 100 performing infotech companies in the world by US magazine Businessweek.
Businessweek’s latest annual list of ‘The Infotech 100’, which ranks companies based on shareholder return, return on equity, total revenue and revenue growth, ranks telecom major Bharti Airtel at 21st, followed by Redington India (55th) and RCom (66th).
The list is topped by US companies — Amazon.com and Apple — taking the top two spots this year. However, the magazine said in a report that “the dominance of US companies is on the wane, with the country having 33 companies in the IT 100 this year, down from 43 in 2007.”
The list includes other Indian companies – Azam Premji-led Wipro at 74th position, Satyam at 91st rank and HCL Technologies at 95th position in the list of 100 companies.
South African telecommunications company MTN Group, which is in exclusive talks with Anil Ambani group giant Reliance Communications, is ranked 12th on the global list, even ahead of global IT giants IBM and Microsoft, which are ranked 13th and 23rd respectively.
In addition, China, another fast emerging country, also has six companies in the top 100 infotech companies in the world.
The magazine gathered data for the list through the financial results of 30,500 publicly traded companies and ranked the technology players on four criteria – shareholder return, return on equity, total revenue and revenue growth.
The companies leading the list are those with the lowest overall rating.
Companies that qualify must have revenues of at least $300 million, then gather about 800 companies divided into eight industry categories, such as software and semiconductors.
“Companies whose stock price has fallen by more than 75 percent, their sales have declined, or where other developments have raised questions about future performance have been removed from contention.
“We also left out some phone companies whose monopoly or near monopoly power gives them an unfair advantage over their competitors,” the magazine added.
