IT Server Market Q1 Revenues Up 27%: Gartner

Mumbai: | Updated: May 27 2003, 05:30am hrs
The Indian IT server market revenues have grown by 27.1 per cent at $69.19 million in the first quarter ending March 31, 2003 against $54.46 million in the same period of 2002, according to IT research firm Gartner Inc.

According to a company release, Gartner India industry analyst (hardware) Vinod Nair said, Increased uptake of Intel based servers and end-fiscal buying by the government and corporates contributed to this growth. He added that part of the high growth in India is also because of lower than average performance for the same quarter last year and continuing with the previous trend, finance and banking, telecom and government were the main buyers.

The Asia-Pacific server revenue totalled $1.12 billion in the first quarter of 2003, a 7 per cent increase from the same period last year. The Gartner analyst said that it was encouraging to see the Asia-Pacific server market experience growth again, after the past few quarters of declining revenue. However, Gartner said that there were still concerns for future growth. It stated that a number of key markets, including Singapore, Hong Kong, Taiwan and China, face challenging business conditions in the second quarter of 2003 and thus the analysts expect the second quarter to negate much of the first quarter gains.

China, stated the release, continued to be the No.1 country for server revenues in Asia Pacific with 32 per cent market share. The major consumption areas were telecom and education while hardware purchases in government and finance remained stable compared to the previous year.