New Delhi: Despite the turmoil in the global economic environment, nearly six Indian companies, including Reliance Com and Bharti Airtel, have been ranked among the top 100 best-performing infotech companies in the world by a US magazine Business Week.
Business Week’s latest annual list, The Infotech 100, which ranks companies by shareholder returns, equity, total revenue and revenue growth, ranks telecom major Bharti Airtel at 21st, followed by Reddington India (55th) and Arkam (8th).
At the top of the list are US companies – Amazon.com and Apple – which have topped the list this year However, the magazine said in a accompanying report that “the dominance of US companies is declining, with 33 companies in the country’s IT 100 this year, up from 43 in 2007.”
Other Indian companies on the list include Azim Premji-led Wipro at 74th, Satyam at 91st and HCL Technologies at 95th out of 100 companies.
South African telecom company MTN Group, which is in exclusive negotiations with Anil Ambani Group’s flagship company Reliance Communications, ranks 12th in the global list, and even 13th and 23rd from global IT giants IBM and Microsoft. List, respectively.
Also, China, another fast-growing country, has six companies in the top 100 Infotech companies in the world.
The magazine compiled data from a list of 30,500 publicly traded companies through financial results and ranked the technology players on four criteria – shareholder returns, equity returns, total revenue and revenue growth.
The top companies on the list are the ones with the lowest overall ranking.
The companies that qualified had to have at least 300 million in revenue, then the collections of about 800 companies were divided into eight industries, such as software and semiconductors.
“Companies whose stock prices have fallen more than 75 percent, whose sales have shrunk, or where other developments have raised questions about future performance have been left out of the debate.
“We have also excluded some phone companies whose monopoly or near-monopoly power gives them unfair advantage over their competitors,” the magazine added.