Indian software giants Infosys Technologies Ltd and Wipro Ltd have been ranked amongst the top 100 infotech companies in the world, according to a BusinessWeek Survey of the world's best IT companies.

While Infosys has been ranked the 27^th topmost IT company in the world, Wipro takes the 62^nd slot.

Infosys Technologies posted revenues of $1.062 billion and a growth rate of 41 per cent. Wipro, with revenues of Rs $1.191 billion, was also ranked 9^th in the 'best returns' category with returns to shareholders of 130.8 per cent.

• External link: The IT 100

The survey was based on the latest annual revenues figures of the companies. To compile the Information Technology 100, BusinessWeek began with financial data from Standard & Poor's. To qualify for the survey, companies had to have revenues of at least $300 million.

Korean technology giant LG Electronics was ranked the best IT firm in the world, with revenues of $29.909 billion and a growth rate of 66 per cent.

America Movil, Mexico's wireless player with a revenue of $8.737 billion was ranked the second best IT company in the world. Taiwan's Quanta Computer, with a revenue of $8.742 billion is third.

Hon Hai Precision of Taiwan, with revenues of $10.899 billion was the fourth-best IT company. The only American company in the top five was Nextel at the fifth position, with revenues of $11.555 billion.

Chip giant Intel was ranked 13^th, while Dell stood 6^th on the list revenues of $43.452 billion.

Another US giant IBM, with revenues of $91.316 billion, has been ranked 10^th.

Microsoft, with $35.608 billion in revenues, has been placed in the 49^th position on the list with a revenue growth rate of only 13.5 per cent.

Hewlett-Packard too, with second-highest revenues (after IBM) of $76.828 billion, has been ranked 71^st. H-P had a revenue growth of 9.1 per cent.

Apple is in the 74th position and has revenues of $7.175 billion and a revenue growth of 23.2 per cent.