IBM India's revenues crossed $3 billion (Rs 13,500 crore) in the year ended March, helped by contracts from a number of companies looking to improve their performance through better use of technology.

Nearly half of this is from India's domestic market, where IBM handles computer hardware, software and services functions of customers such as Bharti Airtel.

The remaining $1.5 billion is earned from exports and from over 1,500 of IBM's top customers, including JPMorgan and others.