IBM India revenue growth of 55%
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IBM India revenue growth of 55%

IBM India achieved a revenue growth of 55 per cent ending year 2005.

india Updated: Feb 09, 2006 18:07 IST

Consolidating its position as the leader in external storage, services and server market in India, IBM India achieved a revenue growth of 55 per cent ending year 2005, a top official of the company said.

With the SMB market in India growing at 17 per cent YoY and contributing to 60 per cent of the total IT spending, IBM India's SMB business is fast outpacing the market growth rate, fuelling domestic revenue for the company, Shanker Annaswamy, Managing Director, IBM India, told reporters.

"Currently, it has over 3,000 customers and 2,500 business partners in India in the SMB space. IBM penetrated into the B and C cities in India very aggressively in 2005, reaching out to over 27 cities creating 400 partners," he said.

IBM aims at developing more robust solutions business this year including establishment of Open Standards/ Linux based computing, extending SMB markets and partnering development by reaching out to B and C class cities in India, Annaswamy said.

"Our R and D lab is working on a speech recognition project,the pilot is currently on in Rajya Sabha.We are also working on a voice recognition module to be utilised by the banking industry to help those living in rural areas access ATMs," he said.

As part of healthcare solutions which is also going to be IBM India's major focus, "we will soon drive electronic health records and come up with a healthcare information highway," he added.

First Published: Feb 09, 2006 18:07 IST