India has been the leading market for IBM in 2017. The company’s revenue growth was recorded at 8.6% in the last year.
IBM has started focusing on innovation in the emerging areas from its India locations. Only Mexico and Spain grew faster among the major countries for IBM. While the revenue from China, US, UK, and Germany has declined in the year of 2017.
The recorded growth of 8.6% in the reported currency comes along with the constant currency growth of 5%. Company’s quarterly earnings for the past 2-3 years from India makes it the best performing market.
IBM employs 130,000 professionals in India, which is the biggest employee base among all other countries. The company has a total of 380,000 employees spread across 5+ geographical locations. A good number of IBM’s India team works in IT services business that directly competes with TCS, Wipro, Infosys, and Accenture.
After recording the peak revenue of $107 billion in 2011, the revenue has been declining for IBM. All other competing IT firms have followed the same trajectory in the last 6 years. IBM recorded $79 billion in revenue last year. Out of which, Rs 32,325 crore ($5 billion) comes from the Indian market.
India is IBM’s biggest operation in the export IT services domain. The company generated Rs 23,005 crore in 2015-16 and Rs 32,325 crore last year, recording a positive growth trajectory. India accounts for IBM’s 6% of revenue. The company has big plans for Indian in 2018.