The table below lists the total revenues and earnings of the IT Services Industry. The total market size of the industry, measured by revenue, is $382,225.0 million (fiscal 2019). During the previous year, the total revenue was $363,589.4 million. Year-over-year earnings growth (Q4 2019) was 11.67%. The figures has been calculated using all public U.S. companies.* (*Read more from here)
IT Services Industry: Total Revenue, Earnings & Growth (USD, Million)
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How the figures have been calculated?
The data has been calculated using the current & past Russell 3000 companies. Russell 3000 index represents around 98% of the U.S. equity market. Net income is used as the earnings figure. The year-over-year growth is calculated by dividing the revenue/earnings of a quarter with the figures of the same quarter from the previous year. For any questions about our calculations, please don’t hesitate to contact us.
GICS IT Services Industry
The IT Services industry is part of the GICS Information Technology Sector This sector includes also Software, Communications Equipment, Technology Hardware, Storage & Peripherals, Electronic Equipment, Instruments & Components and Semiconductors & Semiconductor Equipment.
The largest U.S. companies part of this industry are IBM Corp, Accenture plc, Visa Inc and DXC Technology. Note that Visa Inc, Mastercard Inc and PayPal Holdings Inc are all classified under IT Services instead of belonging to the Financials sector. It can be debated whether Financials sector would be a better category for these companies.