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is doing rather well in India and is apparently cleaning the clock of rivals Wipro and Infotech.
According to IDC IBM's market share is 11.9 per cent in the first half of 2011. The Indian IT services market is estimated to touch $9.5 billion in 2011. That would mean that IBM in India earns revenues of over $1 billion. Ashish Kumar, GM, global technology services, told the Times of India that his company was better and the others all sucked. Well not really but he trottled out the usual excuse that it was a better innovator, had better domain expertise and value in service delivery through repeatable platforms and service delivery methods. Of course the others would say the same thing so it ends up being largely meaningless.
Actually what seems to have happened is IBM scored some big deals in the telecom sector in the mid-2000s and built on these this year by targeting the banking financial services and insurance (BFSI) sector. Manappuram Finance inked a 10-year multi-million dollar deal with IBM to transform its IT systems.