Research on India_IT, Telecom and Electronics Sector in India Monthly Update_April 2013

IT, Telecom and Electronics Sector in India

Monthly Update

April 2013

IT, Telecom and Electronics – Monthly Update

Top Story Reliance Jio and Reliance Communications signs network sharing deal for 4G Mukesh Ambani’s Reliance Jio Infocomm has signed a network sharing deal with Anil Ambani‐owned Reliance Communications for 4G service rollout. For sharing RCom’s inter‐city fiber optic network infrastructure, Reliance Jio will be paying INR 12 bn as Indefeasible Right to Use (IRU) one‐time fees. The former will have reciprocal access to optic fiber network infrastructure which will be built by the latter in future. With an investment plan of around INR 500 bn, Reliance Jio Infocomm will be offering both 4G voice and data services in India. The agreement will ensure optimal utilization of existing and future infrastructures of both companies. Reliance Jio is the sole private company with BWA spectrum license for all 22 circles in the country. It is likely to face severe competition from other players including Aircel, Bharti Airtel, Sistema Shyam, Tikona Digital and Videocon. AAI selects SAP ERP The Airport Authority of India (AAI) has recently deployed SAP ERP in 125 airports across the country as a part of its initiative ‘Parivartan’. AAI had selected KPIT Cummins Infosystems as their implementation partner in the month of June 2012. It is expected that this implementation will enhance the productivity, efficiency and transparency. The modules selected for the ERP include HR, finance, material management and project system functions and is designed to facilitate the payroll accounting of roughly 19,000 AAI employees across the nation. It will further be integrated with legacy systems including Electronic Tendering and Procurement Systems and Airport Information Management System amongst others. With the implementation of SAP ERP on a pan India basis, AAI is anticipating a much more process driven and paperless operations.

News Update General Samsung becomes largest mobile handset selling company in the Indian telecom market Samsung has become the largest selling mobile handset maker in India. One of the leading mobile handset makers in the Indian telecom market, Nokia has now fallen behind Samsung India for the first time. Recent launches in the ‘Galaxy’ series from the company including


Galaxy S Duos, Galaxy Grand, Galaxy S3 and Galaxy Note 2, amongst others have helped achieve such level of sales. Samsung overtook Nokia after over a decade‐long dominance of the mobile handset market by the latter. Indian telecom market major Airtel hits over 5 mn subscribers with its messaging app Airtel's free mobile messaging app ‘hike’ has registered over 5 mn users in just 4 months since launch. The app was developed by Bharti SoftBank, a joint venture between one of the major service providers in the Indian telecom market, Bharti Enterprises and Softbank. It allows users to send free SMS, even if the contact does not have the app on its device. Location, photos and videos can be shared as well via the app. The app service is available to users across Airtel's global network. Sony launches Xperia SP in India Sony has launched a new smartphone in the ‘Xperia’ series, Xperia SP in India. The device comes with modern cellular and radio connectivity such as 4G and NFC. Made with aluminum chassis, the device is priced at INR 27,490. The new smartphone is expected to be available in stores from mid‐April. Sony Xperia SP boasts of a 4.6 inch TFT touchscreen with resolution of 720 x 1280 pixels. The display has a pixel density of 319 ppi and is secured by Corning Gorilla Glass. It is powered by 1.7 GHz Dual‐core Qualcomm Snapdragon processor and 1 GB RAM. Internal memory of the device is 8 GB of which 5.8 GB will be accessible to the users while rest will be used by the system. The storage of the device can be enhanced with up to 32 GB of microSD card. The device houses an 8 megapixel rear camera with LED flash. The rear camera accompanied by features such as autofocus, geo‐tagging, face and smile detection, image stabilization, HDR and sweep panorama, amongst others. It runs on Android 4.1 Jelly Bean operating system. Xperia SP is powered by 2,370 mAh battery and it will be available in three color variants, red, white and black. Antipiracy mobile app for videos launched Andhra Pradesh Film Chamber of Commerce, in association with the Economic Bureau of the US Department of State and the US Consulate General, Hyderabad, has developed a mobile app to curb video piracy. Android, iOS and other popular mobile operating systems is supported by the new app. Registered user will be able to provide information regarding piracy using the app. Non‐registered users, however, will only have access to movie‐related news and trailers. Video piracy has cost the Indian film industry around 14% of the total revenue. The Andhra Pradesh film chamber had earlier created an anti‐video piracy cell in 2005 with 60 retired police officers. The objective was to register complaints by phone, search and seize counterfeit discs and videos. As piracy is becoming more of an online menace, the chamber has launched an online video piracy team which monitors illicit websites involved in piracy 24x7.


3G data cards launched by ZTE Networking equipment manufacturer ZTE Telecom India has announced the launch of two 3G data cards in India. The company is targeting consumers with variable needs with these two data cards which are capable of 14.4 mbps and 7.2 mbps data speed. The former will have Wi‐Fi hotspot feature which will allow users to share the 3G data service with up to 5 Wi‐Fi enabled devices. The 3G data cards are priced at INR 2,250 and INR 1,799. Nebula introduces ‘Nebula One’ Nebula has introduced its OpenStack cloud system ‘Nebula One’ for the Indian market. The product has been designed to offer simple and agile operational efficiency for the user organizations at a very cost effective manner. The product is basically a private cloud system capable of providing advanced computing, network and storage services. The services can be availed by users with the help of an interface and APIs that are compatible with industry standard servers from some of the leading IT vendors in the nation. Nebula claims the system can scale up‐to 1600 cores, 9,600 GB of memory and 2,400 TB of cumulative storage space. Flipkart and CyberSource join hands to facilitate international card transactions Leading e‐Commerce vendor Flipkart.com has entered into a deal with CyberSource, an operating arm of Visa, so as to facilitate seamless, efficient and secure international card transactions. With the introduction of this payment system, customers residing abroad will be able to conduct e‐Commerce transactions, thereby opening doors for Flipkart to mark its presence in the international markets as well. From the last it has been seen that Flipkart has focused on its transaction services and have taken adequate measures to provide safe and secured transaction services to its customers. Last year, the company was one of the pioneers to have implemented IPv6 based transaction gateway system into their website, which was aimed to provide hassle free and safe transaction experience for customers. Even in the present deal, CyberSource will provide its advance fraud management solution so as to avoid any cases of theft or malpractices. Eyeing the severe competition in the market and an urge to garner the maximum market share, Flipkart has opened its doors and entered in the international e‐Commerce market as well. It will be interesting to see how Flipkart generates revenue from the international markets. Flipkart takes the market place approach Online retail giant Flipkart.com has launched its online market place in India. The market place will primarily act as a virtual market place, wherein sellers and consumers can indulge in e‐commerce within a single platform. The online market place approach is yet another expansion spree of Filpkart.com in this highly competitive market. Recently, Flipkart.com had incorporated a state of the art


transaction system to its website which enabled it to venture into the international markets as well. Competition in the Indian e‐Commerce was already stiff and with the plethora of expansion moves taken by Flipkart.com, it is expected to take the competition to a new level all together. CtrlS marks its presence in the international market India based data centre and managed services provider CtrlS has recently opened a new data centre in San Diego, California. With this launch, the company will predominantly offer IT infrastructure and quality services such as disaster recovery, remote infrastructure management and cloud services for existing customers. The new data centre will offer higher bandwidth servers at a competitive price for Indian customers who intend to target the US markets. Some of the benefits offered by the new data centres include reduced response time through effective management of Indian and US servers, higher accountability under single uptime SLA, invoicing in Indian currency, local number calling support and access to senior resources as per Indian time zone. News Update Expansion Plans Sistema Shyam to invest INR 10.9 bn for 4G services Sistema Shyam Teleservices Ltd. (SSTL) is all set to invest INR 10.9 bn in India for 4G services. However, the company will not start investment activity in 2013. The investment will be distributed over the next three to four years period. Sistema has invested around INR 190 bn in India till date. The company acquired three blocks of 1.25 MHz spectrum recently, in each of the eight telecom circles, namely Delhi, Kolkata, Gujarat, Karnataka, Tamil Nadu, Kerala, Uttar Pradesh (West) and West Bengal. SSTL had won the spectrum blocks for the total amount of INR 36.4 bn. Vodafone to strengthen its position in the Indian telecommunication market with investment of around INR 50 bn in 201314 One of the major wireless service providers in the Indian telecom market, Vodafone, has shared its plan to invest around INR 50 bn in the fiscal year 2013‐14. This will strengthen its position in India, amidst spectrum uncertainty and persisting tax related issues. Future investments will, however, depend on the returns earned by previous investments. The telecom major also shared that unless present uncertainties and issues are resolved, IPO is a distant dream.


BlackBerry eyeing Indian SMB segment with mobility management Post the launch of BlackBerry Z10 handsets in India, BlackBerry flaunted its BlackBerry Enterprises Service (BES) 10 recently. Unlike the company’s existing strategy to target the larger enterprises, Blackberry is anticipated to target the Indian Small and Medium Businesses (SMBs). The company is bullish on the fast catching trends of Bring Your Own Device (BYOD) and expects to garner a strong footing in the enterprise mobility management space with its latest BES10 solutions. The solution is designed to offer mobility management, device management, security, unified communications and applications. Taking an extra step ahead, the company will also provide the solution for Android users.

Industry Expert Speak Absolute internet penetration are low but this should be seen as a huge opportunity for the industry – Anupam Vasudev, Chief Marketing Officer – Aircel "Data growth in India is one of the highest in the world and in terms of users, India is one of the biggest internet markets globally. We are ranked 2nd or 3rd in terms of users on websites such as Facebook, Twitter, Quora etc. India is one of the fastest growing market for Internet clocking 60‐70% growth on an already existing base of over 100 Million users. However, total Internet traffic and average usage per customer in a month India lags behind Europe, Japan, US due to lower speed on the whole. Having said that, the absolute penetration numbers are pretty low but this should be seen as a huge potential and an opportunity for the industry. The penetration of Internet users is around 10% over the entire population. This will change with increase in adoption of Internet enabled handsets, which is currently lower around 50%, and more smartphones, presently around 50 Million. Another factor that will drive data growth will be penetration of 3G data enabled handsets as well as growth in data enabled handsets in rural India. We expect to grow at similar rate like last year in terms of revenue, and expect that 3G revenue contribution will be at par or exceed 2G revenue before end of this year.” Internet and Mobile Banking will be the Big Changes, Going Forward – Naina Lal Kidwai – HSBC “I think the big change, going forward, will be around Internet and mobile banking. The Internet banking platforms of banks in India are truly secure and—to that extent—we do have strong security technologies available in India. Also, our customers today are adopting technology at a much faster rate than ever before, given the youthful nature of our population.


On the other hand, an element that we have not leveraged effectively—which if you’d asked me five years ago I would have said was “the” technology—is mobile telephony banking that isn’t just SMS‐led. We are yet to reach a stage where your mobile phone is your wallet. I think the next leg of this mobile telephony banking is going to be an important one for us.”

Transactions : IT (Feb 2013 – Apr 2013)

Date Buyer Target Deal Size (INR mn)

% stake Deal Status Type of Transaction

9th Apr, 2013

Tata Consultancy Services Ltd.

Alti SA 5229 N.A. Expected M&A

28th Mar, 2013

Tradus.com BuyThePrice.com N.A. N.A. Completed M&A

27th Feb, 2013

Activeo Celtycs N.A. N.A. Completed M&A

15th Jan, 2013

Blume Ventures Grey Orange Robotics

N.A. N.A. Expected PE Funding

Transactions (Feb 2013 – Apr 2013)


% stake Deal Status Type of

Transaction

30th Apr, 2013

Spice Global Formation 8 N.A. N.A. Completed PE Funding

23rd Apr, 2013 Bharti Airtel

Warid Telecom Uganda N.A. 100 Completed Acquisition

22nd Apr, 2013

American Tower Corp.

TowerVision N.A. N.A. Expected PE Funding

14th Mar, 2013

ValueFirst Digital Media

clk2c.com N.A. 100 Completed Acquisition

11th Mar, 2013

Publicis Groupe Convonix N.A. 100 Completed Acquisition

6th Mar, 2013

IPG Mediabrands Interactive Avenues

N.A. 100 Completed Acquisition

13th Feb, 2013

Madrona Venture Group and Other

Mobilewalla 219 N.A. Completed PE Funding



% stake Deal Status Type of Transaction

Individual Investors

Annual Financial Results: IT – Revenue (INR mn)

Companies FY ‘09 FY ‘10 FY ‘11 FY ‘12

3i Infotech Ltd. 22,856.4 24,485.4 25,697.5 16810.2

Accenture Plc * 1,134,103.0 1,084,959.8 1,254,814.9 1337651

Alcatel‐Lucent, S.A. * 1,008,149.6 956,757.1 N.A. 1009451

Allied Digital Services Ltd. 5,557.5 6,730.5 7,149.3 5891.8

Amazon.com, Inc * 1,137,462.7 1,525,669.4 N.A. 2616515

ASUSTeK Computer Inc. * 884,975.9 657,499.0 N.A. 690651.5

Avast Software B.V. * 1,174.6 2,163.1 N.A. 4635.8

AVG Technologies N.V. * 8,445.1 9,689.0 N.A. 14995.3

Check Point Software Technologies Ltd. * 42,902.2 48,970.4 66,171.3 65092.3

CISCO Systems Inc * 1,740,839.4 1,857,856.0 1,908,723.0 2390620

Citrix Systems Inc * 74,909.8 83,619.3 117,082.2 117324.5

Cognizant Technology Solutions *

152,162.8 204,843.5 N.A. 328877.7

D Link Corp * 44,989.0 51,793.5 N.A. 56759.4

Epicor Software Corporation * 19,010.7 19,638.8 N.A. N.A.

F‐Secure Oyj * 8,323.8 7,782.7 N.A. 10200.2


Google Inc * 1,097,642.9 1,307,863.2 2,011,428.8 2034728

HCL Technologies Ltd. * 102,294.1 121,362.9 157,304.3 198712

Hewlett‐Packard Company * 5,381,653.1 5,599,646.2 6,194,286.7 6535668

iGate Corporation * 8,961.7 12,516.0 41,371.9 49226.1

Infosys Ltd. 236,369.8 215,747.6 269,277.6 355994.6

International Business Machines Corp * 4,444,128.9 4,454,701.4 5,673,497.5 5445384

JDA Software Group Inc * 17,905.0 27,530.6 N.A. 39290.75

McAfee Inc * 89,447.5 92,100.7 N.A. N.A.

Microsoft Corporation * 2,815,202.5 2,901,444.5 3,126,452.1 3717278

MicroStrategy Inc * 17,533.1 20,276.4 N.A. 29787

Motorola Mobility Holdings Inc *

512,830.5 511,173.3 693,241.2 667299

Mphasis Ltd. * 42,638.8 50,365.2 50,677.0 53034.4

Netgear Inc * 31,864.9 40,236.0 N.A. 62495.8

NetSuite Inc * 7,729.1 8,615.4 N.A. 12837.2

Oracle Corporation * 1,097,610.6 1,243,509.3 1,609,402.0 1813314

Qlik Technologies * 7,303.0 10,104.0 N.A. 17140.8

Ramco Systems Ltd. 1,876.5 1,730.001 2,092.353 N.A.

Salesforce.com * 52,579.2 60,298.3 76,087.5 112091.7

Samsung Electronics Ltd. * 5,426,752.7 6,153,179.1 6,630,125.5 7786439

SAP AG * 709,835.2 745,500.1 981,125.1 987873.2

Sify Technologies Ltd. 6,162.2 6,710.2 6,886.6 7742


Sonata Software Ltd. 15,981.2 13,893.7 14,049.5 N.A.

Sybase Inc * 54,326.1 N.A. N.A. N.A.

Symantec Corporation * 307,146.4 267,170.4 275,331.2 342557

Tata Consultancy Services 281,539.7 304,885.1 379,620.2 488938.3

Teradata Corporation * 79,314.7 86,355.3 N.A. 125672.1

Trend Micro Inc * 48,035.9 52,442.4 N.A. 58702.1

TVS Electronics Ltd. 1,950.14 1,996.19 1,828.515 2165.3

VMware Inc * 93,930.9 127,451.8 199,900.9 202508.6

Wipro Ltd. 255,837.0 271,115.0 309,535.0 370766

Zenith Infotech Ltd. 2,229.7 3,130.2 3,670.1 2472.5

Zensar Technologies Ltd. 9,080.8 9,527.6 11,382.9 17824.8

Annual Financial Results: Telecom – Revenue (INR mn)


2ergo Group plc* 1,808.5 1,544.9 1,318.7 1,241.6

Advanced Micronic Devices Ltd. 585.8 660.0 718.2 595.6

Aksh OptiFibre Ltd. 1,600.1 1,341.7 1,309.3 2,691.2

American Tower Corporation 80,016.1 88,555.9 129,666.0 157,818.3

Apple Inc. 2,057,080.2 2,946,865.6 5,346,418.0 8,273,013.0

Avaya Inc. 199,656.5 227,775.9 272,219.0 275,692.0


Bharat Sanchar Nigam Ltd. 301,694.2 279,134.4 270,447.1 NA

Bharti Airtel 369,615.5 418,472.0 594,672.0 714,508.0

BS TransComm Ltd. 3,372.6 5,149.0 8,702.8 11,547.8

Compucom Software Ltd. 565.5 636.1 728.7 741.1

Dell Inc. 2,983,592.4 2,443,278.8 2,817,962.6 3,020,064.5

Encore Software Ltd. 11.1 83.6 51.5 NA

Garmin Ltd. 137,038.9 121,436.0 132,693.1 148,751.1

Geodesic Ltd. 6,530.0 6,373.6 8,730.4 9,580.0

GTL Infrastructure Ltd. 2,208.4 3,479.5 10,075.7 13,979.6

Hathway Cable & Datacom Ltd. 6,630.2 7,331.8 8,826.1 10,121.3

HTC Corporation 209,585.5 426,440.3 753,508.9 595,429.9

Idea Cellular Ltd. 101,312.9 123,978.8 154,384.0 194,886.9

IOL Netcom Ltd. 371.3 88.0 8.7 11.1

LG Electronics Inc. 2,208,983.8 2,218,601.9 2,291,078.0 2,629,273.3

Mahanagar Telephone Nigam Ltd.

41,837.0 35,513.0 36,778.0 34,415.3

Motorola Mobility Holdings Inc.

512,830.5 511,173.3 693,241.2 667,299.0

Net 4 India Ltd. 1,606.7 1,951.4 3,035.7 4,650.9

Nokia Corporation 2,726,001.4 2,538,791.6 2,665,072.9 2,183,279.0

Northgate Technologies Ltd. 5,603.4 744.6 1,296.7 3,898.0

OnMobile Global Ltd. 4,063.6 4,544.0 5,372.1 6,380.1

Reliance Communications Ltd. 225,245.4 214,963.8 224,303.5 187,160.0


Research in Motion Ltd. 564,929.1 686,866.1 901,787.1 913,177.7

Samsung Electronics Co. Ltd 5,426,752.7 6,153,179.1 7,543,567.1 10,375,909.2

Sify Technologies Ltd. 6,162.2 6,710.2 6,886.6 7,742.0

Smartlink Network Systems Ltd.

1,588.9 1,681.5 1,926.6 693.5

Sony Corporation 3,960,151.8 3,466,331.1 3,862,972.8 3,995,605.1

Tata Communications Limited 100,718.9 110,255.6 119,319.9 141,960.5

Tata Teleservices Ltd. 20,469.4 22,395.6 22,724.6 24,884.4

Tejora Technologies Ltd. 48.2 219.5 350.2 NA

Tulip Telecom Ltd. 16,144.0 19,664.0 23,510.5 27,050.9

Vodafone Group Plc 2,985,386.3 3,030,479.5 3,282,688.8 3,778,084.8

Vonage Holdings Corporation 41,262.2 39,477.3 46,183.7 46,595.1

* Change in Financial Year Ending

Annual Financial Results: IT – Income (INR mn)


3i Infotech Ltd. 22,856.4 24,485.4 25,697.5 16810.2

Accenture Plc * 1,134,103.0 1,084,959.8 1,254,814.9 1337651

Alcatel‐Lucent, S.A. * 1,008,149.6 956,757.1 N.A. 1009451


Amazon.com, Inc * 1,137,462.7 1,525,669.4 N.A. 2616515


ASUSTeK Computer Inc. * 884,975.9 657,499.0 N.A. 690651.5

Avast Software B.V. * 1,174.6 2,163.1 N.A. 4635.8

AVG Technologies N.V. * 8,445.1 9,689.0 N.A. 14995.3

Check Point Software Technologies Ltd. *

42,902.2 48,970.4 66,171.3 65092.3

CISCO Systems Inc * 1,740,839.4 1,857,856.0 1,908,723.0 2390620

Citrix Systems Inc * 74,909.8 83,619.3 117,082.2 117324.5

Cognizant Technology Solutions * 152,162.8 204,843.5 N.A. 328877.7

D Link Corp * 44,989.0 51,793.5 N.A. 56759.4

Epicor Software Corporation * 19,010.7 19,638.8 N.A. N.A.

F‐Secure Oyj * 8,323.8 7,782.7 N.A. 10200.2

Google Inc * 1,097,642.9 1,307,863.2 2,011,428.8 2034728

HCL Technologies Ltd. * 102,294.1 121,362.9 157,304.3 198712

Hewlett‐Packard Company * 5,381,653.1 5,599,646.2 6,194,286.7 6535668

iGate Corporation * 8,961.7 12,516.0 41,371.9 49226.1

Infosys Ltd. 236,369.8 215,747.6 269,277.6 355994.6

International Business Machines Corp *

4,444,128.9 4,454,701.4 5,673,497.5 5445384

JDA Software Group Inc * 17,905.0 27,530.6 N.A. 39290.75

McAfee Inc * 89,447.5 92,100.7 N.A. N.A.

Microsoft Corporation * 2,815,202.5 2,901,444.5 3,126,452.1 3717278

MicroStrategy Inc * 17,533.1 20,276.4 N.A. 29787

Motorola Mobility Holdings Inc *

512,830.5 511,173.3 693,241.2 667299


Mphasis Ltd. * 42,638.8 50,365.2 50,677.0 53034.4

Netgear Inc * 31,864.9 40,236.0 N.A. 62495.8

NetSuite Inc * 7,729.1 8,615.4 N.A. 12837.2

Oracle Corporation * 1,097,610.6 1,243,509.3 1,609,402.0 1813314

Qlik Technologies * 7,303.0 10,104.0 N.A. 17140.8

Ramco Systems Ltd. 1,876.5 1,730.001 2,092.353 N.A.

Salesforce.com * 52,579.2 60,298.3 76,087.5 112091.7

Samsung Electronics Ltd. * 5,426,752.7 6,153,179.1 6,630,125.5 7786439

SAP AG * 709,835.2 745,500.1 981,125.1 987873.2

Sify Technologies Ltd. 6,162.2 6,710.2 6,886.6 7742

Sonata Software Ltd. 15,981.2 13,893.7 14,049.5 N.A.

Sybase Inc * 54,326.1 N.A. N.A. N.A.

Symantec Corporation * 307,146.4 267,170.4 275,331.2 342557

Tata Consultancy Services 281,539.7 304,885.1 379,620.2 488938.3

Teradata Corporation * 79,314.7 86,355.3 N.A. 125672.1

Trend Micro Inc * 48,035.9 52,442.4 N.A. 58702.1

TVS Electronics Ltd. 1,950.14 1,996.19 1,828.515 2165.3

VMware Inc * 93,930.9 127,451.8 199,900.9 202508.6

Wipro Ltd. 255,837.0 271,115.0 309,535.0 370766

Zenith Infotech Ltd. 2,229.7 3,130.2 3,670.1 2472.5

Zensar Technologies Ltd. 9,080.8 9,527.6 11,382.9 17824.8


Annual Financial Results: Telecom – Income (INR mn)


2ergo Group plc* ‐14.7 ‐35.6 ‐191.4 ‐878.9

Advanced Micronic Devices Ltd.

14.9 2.6 17.4 5.9

Aksh OptiFibre Ltd. ‐320.8 ‐131.4 ‐489.8 196.1

American Tower Corporation 11,444.5 16,634.8 21,038.3 34,970.9

Apple Inc. 394,827.1 633,107.4 1,280,287.6 2,206,006.4

Avaya Inc. ‐40,749.2 ‐39,343.1 ‐42,351.7 ‐22,114.6

Bharat Sanchar Nigam Ltd. 5,748.5 ‐18,226.5 ‐63,842.6 NA

Bharti Airtel 84,699.1 89,768.0 60,467.0 42,594.0

BS TransComm Ltd. 123.7 235.4 509.6 517.0

Compucom Software Ltd. 85.2 93.5 120.3 111.8

Dell Inc. 121,002.0 66,183.1 120,748.9 169,903.3

Encore Software Ltd. ‐63.2 3.8 ‐25.8 NA

Garmin Ltd. 32,740.7 26,391.9 24,114.5 29,710.1

Geodesic Ltd. 2,643.4 2,237.0 2,737.2 2,709.8

GTL Infrastructure Ltd. 28.1 ‐25.8 ‐3,780.2 ‐6,897.4

Hathway Cable & Datacom Ltd. ‐916.1 ‐801.0 ‐312.7 ‐491.8

HTC Corporation 32,794.1 60,477.3 105,902.4 48,140.9


IOL Netcom Ltd. ‐140.5 ‐216.6 ‐125.4 ‐180.2


LG Electronics Inc. 91,059.9 48,824.3 ‐25,605.2 3,456.9

Mahanagar Telephone Nigam Ltd.

‐1,430.0 ‐25,553.0 ‐32,895.0 ‐41,041.5

Motorola Mobility Holdings Inc. ‐62,282.2 ‐3,836.0 ‐13,213.2 ‐12,928.6

Net 4 India Ltd. 84.0 115.0 211.3 341.4

Nokia Corporation 59,263.8 110,652.7 ‐80,243.8 ‐224,723.8

Northgate Technologies Ltd. ‐2,954.4 ‐1,469.8 10.5 24.7

OnMobile Global Ltd. 852.0 428.0 892.0 830.9


Research in Motion Ltd. 96,648.1 112,862.3 154,518.3 57,658.7

Samsung Electronics Co. Ltd 381,024.8 628,688.4 610,756.8 1,230,294.6

Sify Technologies Ltd. ‐900.6 17.0 ‐519.5 ‐327.0

Smartlink Network Systems Ltd. 69.3 178.7 159.1 3,665.1

Sony Corporation ‐50,686.9 ‐19,605.4 ‐139,636.8 ‐282,053.1

Tata Communications Limited 3,158.0 ‐5,977.4 ‐7,769.0 ‐7,946.5

Tata Teleservices Ltd. ‐1,699.4 ‐3,180.0 802.3 ‐5,175.5

Tejora Technologies Ltd. ‐0.5 7.1 24.8 NA

Tulip Telecom Ltd. 2,497.8 2,304.4 3,053.3 3,096.6

Vodafone Group Plc 224,029.5 589,100.9 570,056.3 566,261.0

Vonage Holdings Corporation ‐1,977.0 ‐3,731.9 21,705.9 2,009.9

* Change in Financial Year Ending


Quarterly Financial Results: IT – Revenue (INR mn)

Companies JanMar 2012 AprJun 2012

JulSep 2012

OctDec 2012

3i Infotech Ltd. 3537.7 2,699.2 3,396.7 3,640.3

Accenture Plc * 333,303.2 401,270.8 379,563.0 391,791.2

Alcatel‐Lucent S.A. 217,537.0 249,972.3 244,324.3 296,351.8


Amazon.com Inc 671116.5 713,891.3 729,785.2 1,167,081.5

ASUSTeK Computer Inc 169,880.3 193,366.0 218,537.2 N.A.

Avast Software B.V. 1,380.8 N.A. N.A. N.A.

AVG Technologies N.V. 4,223.9 4,590.3 5,035.1 5,224.4

Check Point Software Technologies Ltd. 15937.6 18,281.1 17,568.3 20,225.5

CISCO Systems Inc * 607,964.4 646,924.6 638,394.4 650,932.9

Citrix Systems Inc 30005.3 34,221.1 33,905.6 40,607.3

Cognizant Technology Solutions Corporation

87107.7 99,859.1 99,994.6 106,908.3

D‐Link Corp 14175.2 14,385.6 N.A. 15,077.5

Epicor Software Corporation 10,402.7 12,086.7 11,861.0 12,536.4

F‐Secure Oyj 2605.6 2,792.4 2,654.4 2,901.3

Google Inc 541,830.5 679,403.8 745,378.9 791,242.6

HCL Technologies Ltd. 52,156.0 57,184.5 60,910.0 62,738.0

Hewlett‐Packard Company * 1,617,214.2 1,651,228.2 1,612,093.8 1,510,258.5

iGATE Corporation 13,400.2 14,907.1 14,329.8 14,903.1


Infosys Ltd. 90,143.9 97,455.0 94,989.4 N.A.

International Business Machines Corp

1,255,855.7 1,434,179.4 1,308,126.4 1,608,057.0

JDA Software Group Inc 7,972.3 9,060.3 8,422.0 N.A.

McAfee Inc. N.A. N.A. N.A. N.A.

Microsoft Corporation 886,016.3 1,004,531.9 846,182.9 1,177,398.0

MicroStrategy Inc 7,384.8 7,889.7 7,571.1 9,024.4

Motorola Mobility Holdings Inc * 156,670.2 N.A. N.A. N.A.

Mphasis Ltd. * 13,288.7 13,551.2 14,536.5 13,003.9

Netgear Inc 16,574.1 17,836.4 16,662.0 17,035.2

NetSuite Inc 3,528.3 4,155.7 4,217.8 4,664.7

Oracle Corporation * 443,227.4 612,223.9 454,250.0 493,485.9

Qlik Technologies 4,029.0 4,772.7 4,551.0 7,544.5

Ramco Systems Ltd. 509.359 450.990 588.530 N.A.

Salesforce.com * 36,644.2 40,719.9 N.A. N.A.

SAP AG 227,307.9 274,863.7 268,288.3 363,349.3

Sify Technologies Ltd. 1,233.3 1,972.7 2,059.0 2,222.0

Sonata Software Ltd. 3,228.2 4,014.6 3,777.5 3,947.6

Sybase Inc N.A. N.A. N.A. N.A.

Symantec Corporation * 85,562.9 92,782.5 89,809.1 98,102.0

Tata Consultancy Services Ltd. 132,593.3 148,687.1 156,207.5 160,699.3

Teradata Corporation 31,201.7 36,990.6 34,200.4 40,607.5


Trend Micro Inc 13,977.3 16,047.3 16,177.0 15,424.9

TVS Electronics Ltd. N.A. N.A. N.A. N.A.

VMware Inc 53,708.8 62,468.3 59,926.5 70,961.9

Wipro Ltd. 97,836 104,498.0

106,035.0 109,132.0

Zenith Infotech Ltd. * 337.996 378.152 377.516 374.290

Zensar Technologies Ltd. 4,939.1 5,442.9 5,373.1 5,247.8

Quarterly Financial Results: Telecom – Revenue (INR mn)


JulSep 2012

OctDec 2012

Aksh OptiFibre Ltd. 756.8 618.6 643.9 NA

Bharti Airtel 187,294.0 193,501.0 202,732.0 628.0

BS TransComm Ltd. 3,028.7 3,497.4 5,833.6 202,395.0


IOL Netcom Ltd. 1.5 1.5 NA NA

Net 4 India Ltd. 1,452.5 981.2 1,170.5 NA


Sify Technologies Ltd. 1,233.3 1,974.0 2,059.0 NA

Tata Communications Limited 37,537.3 41,073.9 42,709.9 NA

Vodafone Group Plc 1,012,349.7 950,131.4 928,086.1 1,377.2

Geodesic Ltd. 2300.7 2,030.90 1,701.0 53,013.0


OnMobile Global Ltd. 1,775.5 1,852.1 1,798.0 2,222.0

* Change in quarter

Quarterly Financial Results: IT – Income (INR mn)


JulSep 2012

OctDec 2012

3i Infotech Ltd. (2,937.8) (1,664.1) (1,914.7) (729.3)

Accenture Plc * 31,574.8 38,654.8 32,109.1 37,921.3

Alcatel‐Lucent S.A. 27,005.5 (17,910.6) (9,911.5) (99,266.3)

Allied Digital Services Ltd. (57.7) 21.4 18.6 9.2

Amazon.com Inc 6,617.0 389.4 (14,483.6) 5,377.7

ASUSTeK Computer Inc 8685.1 8,975.1 12,099.5 N.A..

Avast Software B.V. 576.4 N.A. N.A. N.A.

AVG Technologies N.V. 555.2 614.4 1,002.4 268.9

Check Point Software Technologies Ltd.

7310.6 8,342.7 8,056.2 9,547.5

CISCO Systems Inc * 113,586.7 106,086.8 112,455.5 169,109.1

Citrix Systems Inc 3474.8 5,117.8 4,136.0 6,257.3

Cognizant Technology Solutions Corporation

12401.8 14,013.7 14,637.0 15,298.0

D‐Link Corp 407.0 (12.9) N.A. 518.9

Epicor Software Corporation (482.2) (325.4) (335.1) (744.3)

F‐Secure Oyj 257.8 282.1 448.1 (21.7)


Google Inc 147,101.0 154,915.6 115,023.4 158,369.2

HCL Technologies Ltd. 6026 7,508.0 8,848.0 9,647.0

Hewlett‐Packard Company * 83,935.2 (492,936.3) (368,813.7) 65,610.2

iGATE Corporation 1,225.1 703.5 1,495.6 1,765.5

Infosys Ltd. 23,566.7 23,140.0 22,782.7 N.A.

International Business Machines Corp

156,059.4 215,880.6 202,136.6 320,085.9

JDA Software Group Inc 239.2 589.9 584.2 N.A.

McAfee Inc NA N.A. N.A. N.A.

Microsoft Corporation 259,997.2 (27,367.5) 236,072.8 349,937.9

MicroStrategy Inc 13.8 404.4 251.8 452.2

Motorola Mobility Holdings Inc * (4,377.4) N.A. N.A. N.A.

Mphasis Ltd. * 1,894.4 2,087.4 2,093.0 1,844.0

Netgear Inc 1,280.0 1,197.2 1,257.6 882.3

NetSuite Inc (392.4) (551.4) (422.0) (528.0)

Oracle Corporation * 122,489.4 193,605.4 112,937.9 140,058.0

Qlik Technologies (383.6) (113.5) 8.0 727.9

Ramco Systems Ltd. (73.351) (149.830) (127.850) N.A.

Salesforce.com * (1,026.1) (547.0) N.A. N.A.

SAP AG 30,126.8 46,609.8 41,954.0 79,876.1

Sify Technologies Ltd. (135.2) (76.2) 600.6 (56.0)

Sonata Software Ltd. (136.5) (176.9) (259.8) 86.5


Sybase Inc N.A. N.A. N.A. N.A.

Symantec Corporation * 28,453.1 9,567.5 10,202.0 11,612.3

Tata Consultancy Services Ltd. 28,949.3 33,176.8 34,343.7 35,496.2

Teradata Corporation 4,631.9 6,230.0 5,497.4 6,146.0

Trend Micro Inc 2,027.7 2,286.8 2,848.3 1,700.9

TVS Electronics Ltd. N.A. N.A. N.A. N.A.

VMware Inc 9,744.1 10,664.9 8,286.8 11,291.6

Wipro Ltd. 14,809 15,802.0 16,105.0 17,164.0

Zenith Infotech Ltd. * (148.006) (193.095) (336.767) (268.192)

Zensar Technologies Ltd. 393.0 545.6 321.7 487.0

Quarterly Financial Results: Telecom – Income (INR mn)


JulSep 2012

OctDec 2012

Aksh OptiFibre Ltd. 80.2 105.2 62.9 NA

Bharti Airtel 10,059.0 7,622.0 7,212.0 64.5

BS TransComm Ltd. 87.1 133.2 163.7 2,837.0

Idea Cellular Ltd. 2,389.8 2,341.4 2,400.4 140.7

IOL Netcom Ltd. ‐29.3 ‐29.3 NA NA

Net 4 India Ltd. 95.5 64.2 59.6 NA

Reliance Communications Ltd. 1,624.0 NA 1,020.0 2,285.7


Sify Technologies Ltd. ‐68.0 NA 612.0 NA

Tata Communications Limited ‐2,609.4 ‐1,428.6 ‐2,742.4 NA

Vodafone Group Plc 12,291.3 ‐86,244.7 ‐84,243.6 72.7

Geodesic Ltd. 612.8 s 356.1 1,055.0

OnMobile Global Ltd. 47.9 95.2 62.2 ‐56.0

* Change in quarter

Events Calendar

LTE India 2013, 5th International Conference Date: 10th May 2013 Venue: Le Meridien, Windsor Place City: New Delhi Contact Person: Ranjeet Kumar Singh Contact No: +91 99582 33434 Organizer: Bharat Exhibitions Website: www.bharatexhibitions.com/english/LTE2013/index.php

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Research on India_IT, Telecom and Electronics Sector in India Monthly Update_April 2013

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