India A Top Market For IBM In 2017

- Mar 13, 2018 -

India a top market for IBM in 2017 

BENGALURU: India was one of the fastest growing geographies for IBM in 2017, continuing a trend that started a few years ago. IBM India’s revenue grew by 8.6% in reported currency (5% in constant currency) in the year. 

Only Mexico and Spain grew faster among the major countries. China declined by 10% in constant currency. Many other geographies also declined, including the US, UK, Germany and Japan. India has been called out during quarterly earnings calls over the past two-three years .. 

India has IBM’s biggest employee base — an estimated 1,30,000 of the overall 3,80,000. And a good proportion of them are in the IT services business that competes with those like TCS, Infosys, Wipro and Accenture 

(This article was originally published in The Times of India)

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