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BusinessWeek magazine has placed Infosys at No. 10 on its BusinessWeek 'Information Technology 100' list of the world's top technology companies, ahead of Tata Consultancy Services (12), Nokia (18), Wipro (23), Accenture (31) and IBM (44).

Infosys made the rank on the distinguished list, published annually by the leading business magazine, for revenue growth of almost 50% in 2004, and our strong promise to boost revenues by about 30% to cross $2 billion in 2005.

"Thrilled investors in India value it more than rival Tata Consultancy Services, which is two-fifths bigger in revenues," BusinessWeek said, adding that 19 out of 20 customers come back to Infosys with repeat orders.

The magazine also commented that Progeon, Infosys' majority-owned BPO subsidiary, expects to reach $80 million in sales this year.

The BusinessWeek ranking closely follows Infosys' No. 8 rank on Business 2.0 magazine's 'B2 100 list of the world's fastest growing technology companies', and our ranking of No. 9 on the "Wired 40".

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