I had a meeting the other week with a supplier with an interesting way of showing how well it is doing. What better way than to group yourself alongside Google and Apple?
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The intelligence arm of HCL did some number crunching on the Bloomberg database using 3 criteria.
Sorry for passing on marketing talk but I think when IT services firms are ranked alongside the likes of Apple and Google it is evidence that it is a hot market. Even a hardened journalist like myself can find some marketing blurb interesting. After all I haven’t got time to number crunch.
The fact that all the companies ranked have recorded over 30% growth over the last five years despite recession is a clear message that IT outsourcing is getting bigger.
These three criteria used were:
1 – Over 30% compound annual growth rate for the last 5 years
Of the 3302 companies in the IT sector only 307 achieved this.
2 – 2009 revenues over $2bn
Of the 307 left only 11 achieved this.
3 – Market Cap greater than $5bn
Only six companies achieved this.
Here are six of them in no particular order.
6 – Amazon