Bharti, Infy, TCS among world's top tech firms

Telecom player Bharti Airtel is the sixth best of the 100 best performing technology companies in the world, compiled by American magazine BusinessWeek.

Ranked at the sixth position, telecom giant Bharti Airtel leads the pack of Indian companies featured in the list.

Text: PTI

Infosys is ranked 25th in the list of 100 best performing technology companies.

The 'Infotech 100' list for 2009 is based on shareholder return, return on equity, total revenues, and revenue growth.

Tata Consultancy Services comes in at the 30th slot, ahead of Wipro.

The "2009 ranking of the tops in tech showcases companies that managed to thrive even in the face of a bruising global recession," the magazine said.

Wipro is placed at the 43rd position.

Two American entities led by India-origin CEOs also find a place in the top 100. Francisco D'Souza-led Cognizant Technologies is ranked 51, while Adobe Systems headed by Shantanu Narayen has cornered the 99th spot.

Amazon.com, for the second straight year, tops the list of the 100 best performing technology companies in the world.

In the second spot is Oracle.

SAP is the world's 3rd best performing technology company.

IBM was ranked 5th, while Inventec was at number 4.

Bharti Airtel is ahead of South African telecom entity MTN Group (12th rank), maker of Blackberry phones Research In Motion (14), technology giant Apple (19), software majors Microsoft (22), Dell (38) and telecom giant Nokia (49).

According to the publication, the number of US companies in the list has shot up to 43 against 33 last year. There are five firms from China in the top 100.

Google is ranked 37th, way behind Infosys and TCS.

BusinessWeek said that it combed the financial results of "tens of thousands of publicly traded businesses and ranked tech players on shareholder return, return on equity, total revenues, and revenue growth" to prepare the list. To qualify, the companies should have revenues of at least $500 million.

The magazine said that return on equity is the "net income available for shareholders divided by common equity, in native currency" while total return is the "return to shareholders, including dividends for the 12 months ended April 30, 2009."