The crisis of Europe has been bringing in luck for Asian countries and will open up information technology services in Asian countries. The revenue numbers and the client addition from Europe would be towards Indian clients. The Europe revenues are viewing as major clients which are cost and efficiency lever and are considering Indian IT. For the year 2011 the IT companies of revenues which grew about 23% and to about 40% in terms of Europe revenues.
There was a good sequential growth in Europe in terms of Indian companies like TCS,HCL AND Infosys. During the month of October to December Infosys had a growth of 17% TCS had growth 19% and HCL about 6.3%. There was a large deal happening being signed which Europe witnessed when its saw the revenue growth. Infosys bought in about 14 new clients to Europe and Europe had a bracket of about$500 million.
There was many new deals which many Indian companies bought in for Europe and among TCS got 10 deals. Similarly TCS bought about 3 deals for US and about 2 for Asia Pacific while HCL bought 18 deals for Europe. Europe accounts overall about 30% of Indian IT revenue sand large portion mainly comes from United Kingdom. At present the Indian IT has about single digit market share but Indian IT has penetrated to different markets.