Satyam ranked 4th fastest growing company in the world by Gartner

Shingka Kaur
17 December 2002

Singapore: With a 67.1-per cent revenue jump under its belt for 2001, Satyam Computer Services has been ranked as the fourth fastest growing software maintenance and support providing company in the world, by a Gartner Dataquest study.

Satyam and Tata Consultancy Services (TCS) are the only Indian companies to have featured in this prestigious list which boasts of names like Peregrine, Itochu Techno-Science, Siebel, Microsoft, SAP, Oce and others.

In the US, the top three companies in terms of revenue growth percentages were Peregrine, TCS and Satyam with a revenue growth of 94 per cent, 89 per cent and 66 per cent, respectively.

The Gartner study points out that achieving top rankings for software support revenue requires reaching a critical mass in terms of experience in the market (measured in years), the number of services employees (direct or indirect) and the geographic scope of the service delivery operation.

The study further observes that the software industry is changing and bringing with it change in software support and maintenance services. The Gartner Dataquest Software Group is seeing an explosion in the means by which software companies make money.

Their product is not traditional software but intellectual property, which has been coded into binary form (programmes). These are usually sold in a customised state, which is why references to software, in its traditional sense, may be somewhat misleading.