martinwolf publishes three proprietary indices (U.S., China and India Editions) that are used by IT sector businesses, international media, and the professionals at the firm to analyze the state of the industry. The MW IT Index remains the only index of its kind in the IT Services industry.
All editions are tracked on a five-year historical basis beginning with a value of 1000.
MW IT Index® Global Edition
The MW IT Index® (Global Edition) is a report of our proprietary analysis using securities that are weighted according to the market value of their outstanding shares through the fourth quarter of 2012. The global edition of our Index combines our U.S., India and China editions, tracking companies and comparing them to public stock exchanges in each of these geographies.
The year showcased several opportunities for companies to transform their businesses. Continued strong performances in the Software as a Service (SaaS) sector, which remains significantly above both the comparison NASDAQ index and the other MW IT Index components from a five-year historical perspective, is inspiring firms across the industry to turn to acquisitions as a means toward similar success.
While the IT Supply Chain Industry continues to face ongoing structural problems, some companies are turning to privatization as a means of making necessary shifts to their business models. Dell and Softchoice, two of the highest-profile companies undergoing such a process, have the potential to transfom their businesses to secure higher margins and rising values.
On the global stage, Chinese companies are beginning to show strong evidence that they are ready to take the necessary steps to grow their businesses into formidable competitors -- while Indian firms are taking steps up the value chain by acquiring high-end services firms.
View the entire Index here.
The MW IT Index® (India Edition) is an analysis using securities that are weighted according to the market value of their outstanding shares. This Index includes 36 Indian IT Services and Business Process Outsourcing (BPO) companies traded in the U.S. (NYSE and NASDAQ) and Indian (BSE) stock markets.
The MW IT Index (China Edition) is an analysis using securities that are weighted according to the market value of their outstanding shares. This Index includes 28 Chinese IT Services and Business Processing Outsourcing (BPO) companies traded in the U.S. (NYSE, NASDAQ, and OTC), London (LSE AIM), Chinese (SZSE, SHSE, SEHK) or Taiwanese (TSEC) stock markets that are a composite representative sampling of enterprise values.
The MW IT Index (U.S. Edition) is an analysis using securities that are weighted according to the market value of their outstanding shares. The Index includes 166 IT companies traded on the U.S. stock markets that are a composite representative sampling of enterprise values in IT Services & BPO, IT Supply Chian Services, and Software and SaaS. Consequently, Cognizant, which is an Indian outsourcing company trading in the U.S., is included, but Rolta, which does not trade in the U.S., is not included.
Description and Formula
The MW IT Index® is a market-value-weighted index. The representation of each security in the index is proportional to its last sales price times the total number of shares outstanding, relative to the total market value of the respective index.
Adjustments for securities being added to or deleted from the index, or capitalization changes, are made periodically. Stock splits and stock dividends are likewise adjusted for during the process. In the case of cash dividends, no adjustment is made.