Indian IT services providers are relying on consolidation to lift reported revenue growth as newly acquired entities are absorbed into their ledgers. Over the past year, the nation's top eight technology firms allocated roughly $7.5 billion toward buyouts, setting an all-time spending record for the $315 billion sector. Mid-sized player Coforge demonstrated the scale of this approach by logging the largest disclosed quarterly impact from a buyout. The firm saw its acquisition generate between $147 million and $148 million during the July-September period.
Key points
Domestic IT firms are actively utilizing acquisitions to bolster their overall reported r…: Domestic IT firms are actively utilizing acquisitions to bolster their overall reported revenue growth figures.
Consolidation has reached record levels as leading tech firms deploy billions of dollars…: Consolidation has reached record levels as leading tech firms deploy billions of dollars into integration strategies.
Acquired assets are already providing substantial contributions to company top lines, as…: Acquired assets are already providing substantial contributions to company top lines, as demonstrated by recent quarterly disclosures from Coforge.
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Bengaluru: Indian IT services companies are increasingly drawing on acquisitions to augment reported revenue growth, as businesses bought over the past year are consolidated into their accounts. In the past year, the top eight Indian IT firms spent a total of about $7.5 billion in acquisitions.That’s the most in the history of the country’s $315 billion IT industry.Mid-sized IT firm Coforge has reported the largest disclosed quarterly
IT firms turn to acquisitions to boost revenue growth
Synopsis
The contribution rose to $147-148 million in the July-September period, reflecting a full quarter of consolidation. The acquisition has therefore become a significant part of the firm’s reported revenue base.
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