Date:15/10/2004 URL: http://www.thehindubusinessline.com/2004/10/15/stories/2004101501560700.htm

Back Software exports surge 26 pc

Our Bureau

NEW DELHI: The exports of computer software and services including IT Enabled Services (ITES) surged 26.1 per cent during the first quarter of the current financial year to an estimated $3478 million against $2757 million in the year-ago period.

As per the provisional export estimates by Electronics and Computer Software Export Promotion Council (ESC), the electronic hardware exports stood at an estimated $413 million during April-June 2004, up 8.88 per cent from $379 million in the corresponding period previous year.

"The export performance in the first quarter is in line with our projections. We expect exports to pick up in Q2. The fourth quarter is expected to see maximum growth," ESC Executive Director. Mr D.K. Sareen told Business Line.

Overall, the IT exports (computer software and services along with electronic hardware) surged 24.09 per cent during the period to touch $3891 million against $3136 million in the same period in the previous year.

With its performance, software and services including ITES notched 20.34 per cent of their financial year targets, while electronic hardware exports touched 21.71 per cent of the year's targets.

ESC has projected that the IT exports (software services and hardware) would touch $19 billion during 2004-05. Of this, computer software and services exports would clock $17.09 billion while hardware exports would be pegged at $1902 million.