Indian majors like Bharti Airtel, TCS, Infosys and Satyam Technologies have found place in the Information Technology 100, BusinessWeek‘s ranking of the top tech performers in the world.
Amazon.Com has vaulted from No 23 in 2006 to the No 1 spot this year. The report appears in BusinessWeek‘s July 2 issue.
Bharti Airtel has been ranked 14, ahead of the likes of Nokia, Google, IBM and Oracle.
TCS is placed at number 23, Infosys at 30 while Satyam Computers is 73rd in the ranking.
BusinessWeek prepared the top 100 list with financial data from Standard & Poor’s Compustat, that has information on over 28,000 publicly traded companies. The magazine then trimmed this universe to information-technology companies. To qualify, companies had to have revenues of at least USD 300 million.
Companies whose stock price has dropped more than 75 per cent, whose sales shrank, or where other developments raised questions about future performance, were eliminated from contention. Some phone companies whose monopoly power in their countries gave them an unfair advantage over competitors were also dropped. The remaining companies were ranked on four criteria: return on equity, revenue growth and shareholder return and total revenues, the magazine said.