Growth and Future Initiatives
IBM, in an analyst meeting held at Bangalore on June 6, 2006 stated that IBM's India plans are for the long term & committed to invest $6 billion in the next three years in India, triple the amount invested in the three years preceding the meeting.
| Year | Employees |
|---|---|
| 1900 | 5001 |
| 2003 | 9,000 |
| 2004 | 23,010 |
| 2005 | 38,500 |
| 2006 | 53,000 |
| 2007 | 74,000 |
| 2008 | 94,000 |
| 2009 | 112,900 |
| 2010 | 131,001 |
IBM worldwide expects its revenues to be around $120 billion by 2010, of which nearly $86 billion (68%) would come from IBM Global Services alone, with an estimate of about 200,000 employees. IBM India would account for 90,000 of these. Roughly translated, IBM's Indian employees would generate $35 billion of IBM's revenues in 2010.
IBM Global Services (now split to Business Services & Technical Services) was called the "jewel in the IBM crown" by the Aberdeen group in 2003. For worldwide IBM, this is the group that contributes to more than half its global revenues ($54 billion in 2005) presently and growng at a healthy rate (8% in 2005). With half of global service employees to be located in India, IBM India's importance for the global corporation can be easily fathomed.
Read more about this topic: IBM India
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