IBM India revenue to touch $1bn in CY07

IT major IBM is expecting revenue from Indian operations to touch $1 billion by the end of December.

"We expect our revenue to reach $1 billion by the end of this calendar year - up from $700 million in 2006 driven by strong factors. In the first three quarters of the current financial, the company's revenue has grown by over 39%," Jesse Green, vice president (financial management), IBM, said.

He said factors like competitive offerings, effective sales force, strong brand name, technology base along with the ability to offer hardware and software combination would contribute to the expected figure.

The $1 billion would include revenues from services and solutions provided by IBM to domestic clients and other global corporates operating in India along with total revenues of IBM Daksh, its business process outsourcing unit.

Last year the company's India revenue grew by 37% as against 2005 while CAGR from 2002 to 2006 was over 49%.