IT firms turn to acquisitions to boost revenue growth

What happened: Indian IT services companies are increasingly using acquisitions to boost reported revenue growth, as businesses bought over the past year are consolidated into their accounts. Key numbers: Top eight Indian IT firms spent about $7.5 billion on acquisitions in the past year, the most in the history of the country's $315 billion IT industry. Contribution rose to $147-148 million in the July-September period. Why it matters: The contribution reflects a full quarter of consolidation, making acquisitions a significant part of the firm's reported revenue base.

Indian IT services companies are increasingly using acquisitions to boost reported revenue growth, as businesses bought over the past year are consolidated into their accounts.

The contribution reflects a full quarter of consolidation, making acquisitions a significant part of the firm's reported revenue base.