TCS, SBI and Wipro are Top 3 IT spenders : PITS-1000 Survey-2011-12

PITS-1000 is the most comprehensive annual survey of one thousand Indian companies to measure their IT spending and IT infrastructure.
Top 20 IT spenders 2012
Top 20 IT spenders 2012
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Aug. 29, 2012 - PRLog -- TCS, SBI and Wipro are Top 3 IT spenders in year 2011-12

Prognosys today released a report on Potential 1000 IT spenders in year 2011-12. Named as PITS-1000, analysis exhibits TCS, SBI and Wipro to be Top 3 IT spenders in year 2011-12. Yet another interesting fact revealed by survey is overall spending of INR 9350 crores on IT where Hardware purchase stands at approx 64% while software and packaged services make it up for about 35%.

The new findings are based on study by Prognosys on top IT spenders and assessment of the IT investment pattern of the top IT spenders in India among one thousand different companies across all verticals. Speaking on the occasion of PITS 1000 release, Mr. Abhishek Yadav, Director of Prognosys reflected, "Probably encouraged by robust Indian economic growth, companies in India have higher intention to own IT infrastructure and set up, more than half of those polled for the survey are expected to spend more or the same in the next 12 months",

BFSI and IT/ITES sectors biggest spenders

This year too there was no exception with BFSI and ITES sectors being on top of list. The IT investment of INR 3388 crore by 106 IT companies and INR 2438 crore by 127 companies in BFSI sector again made these sector rank higher on the list of mega spenders. "More and more companies from these sectors have reflected a positive trend in IT investment leading to more sophisticated usage of IT but, more importantly, this has resulted in increased IT spending across verticals", said Mr Kunal Bag, Chief Editor of PITS-1000 Survey report.

Additional findings from PITS-1000 survey include the following:

TCS, SBI and Wipro are Top 3 IT spenders in year 2011-12
Traditional verticals like BFSI, IT/ITESS and Telecommunication continue to remain the highest spenders on technology
Kohinoor Foods, Fedders Lloyd and ION exchange are the least IT spenders in the industry
SBI, ICICI, HDFC, RBI, PNB are among top 5 IT spenders in BFSI sector
In IT sector top three spenders are TCS, Wipro and Cognizant
Out of overall spending of INR 9350 crores on IT, Hardware purchase stands at approx 64% while software and packaged services make it up for about 35%

The latest survey was conducted in the month of March/April, 2012 and involved 3500 companies from twenty five different verticals. Data collection was via internet surveys, personal, computer aided telephone interviews, with the questionnaire translated to the local language wherever deemed appropriate and necessary. After the data collection and validation of all the companies involved in survey, companies are ranked on the basis of their IT spending and the PITS 1000 list is generated for 1000 companies. "Even though the companies have been somewhat apprehensive when it comes to disclosing their IT spends yet the Prognosys PITS-1000 Survey has put up its effort over years to compile the facts and figures to the best extent", added Mr. Abhishek Yadav
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