New Delhi, Aug 01: Global IT major IBM has registered a growth rate in excess of 50 per cent in India during the first six months of the current calender year on the back of strong demand from financial services, export-led sectors, a senior company official said on Thursday. "For the first six months of the year, we have seen our growth accelerate beyond 50 per cent. And it has come from sectors like financial services, government, all export led services like ITeS and IT services segment and manufacturing sector and is broad-based", Abraham Thomas, Managing Director, IBM India said on the sidelines of an IT conference.

"From the product point of view, the growth is also broadbased. In high-end servers and Intel based servers, we are doing a tremendous job," he said adding, "in the domestic market in services like technology and package implementation services consulting, we are seeing good growth and so are our middleware software products."
While declining to comment on the specific growth rate of the company in the future, he said "I would like to maintain the high growth rate that we are getting and I will not be disappointed if perhaps our growth comes below 50 per cent. The objective is to always grow faster than the growth in the industry and that is the only way to gain marketshare." Bureau Report