India is a software services export hub. The Indian IT outsourcing service industry is predicted to expand by 6-8% between 2021 and 2024. According to the report, India’s IT and business services market is expected to reach US$ 19.93 billion by 2025. According to the Ministry of Commerce and Industry, the service sector got US$ 7.1 billion in FDI equity inflows in FY22.
The IT industry contributed 7.4% of India’s GDP in FY22, and it is predicted to contribute 10% by 2025.
Here are three stocks that derive 82% of their revenue from the United States of America.
Infosys Ltd.
Infosys Ltd is a Large-cap company with a market capitalization of Rs 5,98,796 crore. On Tuesday, the company’s shares were trading at Rs 1,442.80 per share, up 0.60 from the previous close price.
In fiscal year 2023, Infosys achieved a total revenue of Rs 146,767 crore, with North America generating the highest revenue of Rs 90,724 crore, accounting for more than 61.8 percent of total revenue. Similarly, the Company generated Rs 14,507 crore in revenue from the European region, accounting for 25.7 percent of total revenue.
Infosys Ltd revenue has increased by 21 percent year on year, from Rs 1,21,641 crore in FY 21-22 to Rs 1,46,767 crore in FY 22-23. During the same timeframe, Net profit has significantly increased by 9 percent from Rs 22,146 crore to Rs 24,108 crore.
Infosys Ltd offers consultancy, technology, outsourcing, and next-generation digital services to help businesses execute digital transformation initiatives. It is India’s second-largest information technology corporation, after only Tata Consultancy Services.
Mphasis Ltd.
Mphasis Ltd is a Mid-cap company with a market capitalization of Rs 43,744 crore. On Tuesday, the company’s shares were trading at Rs 2,318.50 per share, down 1.74 from the previous close price.
In fiscal year 2023, Mphasis achieved a total revenue of Rs 1,13,200 crore, with North America generating the highest revenue of Rs 90,724 crore, accounting for more than 82 percent of total revenue. Similarly, the Company generated Rs 13,968 crore in revenue from the Europe, the Middle East, and Africa Region (EMEA) region, accounting for 10 percent of total revenue.
Mphasis Ltd’s revenue has increased by 15 percent year on year, from Rs 11,961 crore in FY 21-22 to Rs 13,798 crore in FY 22-23. During the same timeframe, Net profit has significantly increased by 14 percent from Rs 1,430 crore to Rs 1,637 crore.
Mphasis, a global provider of information technology (IT) solutions specialising in cloud and cognitive services, uses next-generation technology to assist firms in transforming their businesses globally.
HCL Technologies Ltd.
HCL Technologies is a Large-cap company with a market capitalization of Rs 3,45,806 crore. On Tuesday, the company’s shares were trading at Rs 1,277.95 per share, up 0.58 from the previous close price.
In fiscal year 2023, Infosys achieved a total revenue of Rs 146,767 crore, with North America generating the highest revenue of Rs 90,724 crore, accounting for more than 61.8 percent of total revenue. Similarly, the Company generated Rs 14,507 crore in revenue from the European region, accounting for 25.7 percent of total revenue.
HCL Technologies’ revenue has increased by 18 percent year on year, from Rs 85,651 crore in FY 21-22 to Rs 1,01,456 crore in FY 22-23. During the same timeframe, Net profit has significantly increased by 10 percent from Rs 13,524 crore to Rs 14,845 crore.
HCL Technologies Ltd is a global leader in IT services. Its services portfolio includes software-led IT solutions, remote infrastructure management, engineering and R&D services, and business process outsourcing (BPO).
According to CRISIL, the US and Europe generated over 86 percent of Indian IT firms’ revenues in FY22.. Indian IT companies represent a significant portion of the global IT market, and the expansion of the Indian IT industry is directly linked to global market circumstances. Any slowdown or interruption in these countries, such as COVID-19, war, inflation, and many others, will eventually affect the revenue of Indian IT companies.
Written by Omkar Chitnis
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