Column : Indian IT canít take its eyes off US revenues
Take Wipro, for instance. It is a company that has traditionally relied on its West Asia and Indian domestic business to carry it through. It is a strong force in the region, without doubt. But its North American revenue stream is causing some worries. In the October-December quarter, Wipro slipped by 0.7% in the region sequentially while its peers grew. Negative growth in the US is something that no Indian IT vendor can afford. Wipro knows this only too well and is trying to address this quickly. Though companies are trying to depend less on America for their revenues, it will continue to be a telling factor for all concerned with Indian IT. Infosys still derives 61% of its revenues from North America and TCS gets 53% revenues from
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