Ride the Outsourcing Wave: Indian IT Companies On US Exchanges (SAY, WIT, PTI, INFY, SIFY)

Outsourcing IT jobs to India has been a trend in the last 10 years and is sure to continue, given the cheap cost of labor and technology-savvy pool of workers available in India. The next time you speak to an Indian tech support guy, consider how fast Indian IT companies have grown. Is now a good time to invest in Indian IT companies? Five Indian IT companies are listed on US exchanges. NASDAQ listed companies are Infosys Technologies Limited INFY, Sify Technologies Limited SIFY Satyam Computer Services Limited SAY, and Wipro Limited WIT are also listed on NYSE. Patni Computer Systems Limited PTI is the third Indian IT company listed on NYSE. Infosys Technologies Limited (INFY) is one of the largest IT companies in India and it employs 113,796 people globally. As on July 15, Infosys stock had the closing price of $59.35 on NASDAQ. The stock’s 52 week price range is $36.43-$64.50. The company’s market cap is $33.89 billion. Infosys is headquartered in Bangalore, India and has offices in 22 countries. It also has development centers in India, China, Canada, Australia, Japan and the UK. The company employs 113,796 employees worldwide. The company’s chairman is N.R. Narayana Murthy and Kris Gopalakrishnan is its Chief Executive Officer. Wipro Limited is a business conglomerate with leaning toward IT services. The stock is currently trading at $12.90 on the NYSE. The stock’s 52 week price range is $6.83-$14.84 and its market cap is $31.55 billion. Wipro Limited is headquartered in Bangalore, India and employs more than 108,071 people worldwide. The company’s chairman is Azim Premji, who is regularly featured on the Forbes list of Global billionaires. Satyam Computer Services Limited is currently trading at $5.14 level on NYSE. The company was involved in an accounting scandal in 2009. Subsequently, the company was taken over by Mahindra Group. The new entity is now called “Mahindra Satyam”. Sify Technologies Limited (SIFY) is an integrated internet, network and electronic commerce services company. The company stock is at $1.40 on NASDAQ and its market cap is $59.95 million. Patni Computer Systems Limited (PTI) is a provider of IT services and business solutions. The company is headquartered in Mumbai, India and has 23 international offices across the globe. It also has its offshore development centers in 8 cities in India. The company stock closed at $23.36 on NYSE as of July 15th. Its market cap is $1.5 billion and the stock’s 52 week price range on NYSE is $10.84-$28.33. The company has made several acquisitions in the US and other countries. It was listed among the “Best 20 Leaders in Financial Services (Insurance)’ in the 2010 Global Outsourcing 100, by IAOP. You Can't Afford Miss Out On These Money Making Trading Ideas