25 Bourse Busters

Tata Consultancy Services



Tata Consultancy Services is a global IT services provider and is ranked #1 in
terms of market capitalization. For FY 07, the companys revenues increased by

40.87% to Rs 18,685.21 crore from Rs 13,264 crore in the previous year. TCS

acquired TCS Management, a privately owned boutique consulting company in

Australia, for an up-front cash payment of Australian $1.7 mn. Similarly, the

company expanded its portfolio of banking products by the acquisition of 75%

equity stake in its Switzerland-based partner, TKS-Teknosoft, for CHF 100.5 mn.

The stock currently trades at Rs 1,053.4.

Infosys Technologies



Infosys Technologies is a multinational IT services company headquartered in
Bangalore and is ranked #2 in terms of market capitalization. Revenues have

increased from Rs 9,521 crore for the year ended March 31, 2006 to Rs 13,893

crores for the year ended March 31, 2007, a y-o-y growth of 45.9%. Infosys

bagged a multi-million-dollar outsourcing contract with Royal Philips

Electronics of the Netherlands. As part of the agreement, the company will

acquire three-shared service centers located in India, Poland, and Thailand from

Philips. The stock currently trades at Rs 1,685.7.

WIPRO



Wipro provides IT solutions and services, including systems integration,
information systems outsourcing, package implementation, software application

development and maintenance, and is ranked #3 in terms of market capitalization.

For the year ended March 31, 2007, Wipro reported an impressive revenue growth

of 41%, amounting to Rs 15,000 crore as compared to Rs 10,626 crore in the

previous year. Wipro acquired Nasdaq-listed Infocrossing and its subsidiaries

for $18.70 per share and has entered into a definitive agreement to acquire Oki

Techno Center (Singapore). The stock currently trades at Rs 507.5.

Satyam Computer Services



The Secunderabad-based company renders its services to industries such as

banking and finance, insurance, manufacturing, telecom, infrastructure, media,

entertainment, semiconductor, healthcare, retail, transportation, etc, and is

ranked #4 in terms of market capitalization. Satyams revenue for the year ended

March 31, 2007 from services stood at Rs 6,485 crore, a growth of 35.3% as

compared to Rs 4,793 crore in the same period last year. Recently, Satyam bagged

a seven-year multi-million-dollar contract with Qantas, an Australian airline.

The stock currently trades at Rs 431.

HCL TECH



At fifth position, HCL Technologies is one of Indias leading global IT

services companies, providing software-led IT solutions, remote infrastructure

management services, etc. HCL Tech earned consolidated revenues of Rs 4,388.2

crore, registering a 30.5% growth over the previous years revenue, which was Rs

3,362.7 crore. HCL Tech bagged multi-million, multi-year, multi-service deals

and has announced six new deals in the range of $25-50 mn each and one worth

over $50 mn. The stock currently trades at Rs 318.6.

Tech Mahindra



Tech Mahindra is a global systems integrator and business transformation

consulting firm focused on the communications industry and is ranked sixth in

terms of market capitalization. For FY 07, the companys revenues increased by

136% to Rs 2,929 crore from Rs 1,242 crore in the previous year. Tech Mahindra

bagged a five-year deal to provide BT with strategic sourcing services, valued

in excess of $1 bn. The stock currently trades at Rs 1,148.3.

i-flex Solutions



i-flex Solutions provides comprehensive IT solutions exclusively to the
financial services industry worldwide. The consolidated revenues for financial

year 2007 increased by 39% to Rs 2,061 crore from Rs 1,257 crore in the previous

year. Recently, i-flex Solutions announced that it has acquired a 100% stake in

Castek. The stock currently trades at Rs 1,552.

Financial Technologies



Financial Technologies is a leading technology solutions provider for

equity, commodity, debt, and forex markets, and is ranked #8 in terms of market

capitalization. The consolidated revenues for FY 07 increased by 62% to Rs 325

crore from Rs 201 crore in the previous year. Financial Technologies has

partnered with Power Trading Corporation and OMX for Indias first-ever Indian

Energy Exchange (IEX). The stock currently trades at Rs 2,510.8.