MANILA, Philippines—The combined revenues of the country’s 29 largest business process outsourcing (BPO) providers reached almost $2 billion in 2008, said Catanduanes Representative Joseph Santiago Sunday.
These companies, mostly engaged in contact center activities, reported combined revenues of P94.4 billion in 2008 (or almost $2 billion at the current exchange rate of $1:P47.63), noting that overseas clients pay BPO firms in dollars, Santiago said in a statement.
This, he said, indicates that the Philippines has secured its position as a leading player in the global BPO market, “judging from the sustained double-digit revenue growth of the local branches of mostly multinational BPO providers.”
At the same time, Santiago cited the need to further build up the BPO industry through ample infrastructure support, proper human resource development, sound policy environment, adequate fiscal incentives, and effective business development.
"What is remarkable about the BPO industry is that it is highly labor-intensive. Since the industry employs a growing number of Filipinos, it also supports an increasing number of families," he added noting that the country has more than 400 other BPO providers that generate annual revenues of anywhere from a few million pesos to just under P1 billion.
The top 29 BPO providers and their corresponding 2008 revenues are: TeleTech Customer Care Management Philippines Inc. (P8.1 billion); Convergys Philippines Services Corp. (P8 billion); eTelecare Global Solutions Inc. (P7.9 billion); Sykes Asia Inc. (P7.5 billion); Aegis PeopleSupport Inc. (P5.7 billion); ICT Marketing Services Inc. (P4.3 billion);
Telus International Philippines Inc. (P4.2 billion); HSBC Electronic Data Processing Philippines Inc. (P4.1 billion); Sitel Philippines Corp. (P3.7 billion); Telephilippines Inc. (P3.6 billion); Deutsche Knowledge Services Pte. Ltd. (P3.2 billion); IBM Daksh Business Process Services Philippines Inc. (P3.2 billion); IBM Business Services Inc. (P2.9 billion);
Sutherland Global Services Philippines Inc. (P2.5 billion); JP Morgan Chase Bank N.A. Philippine Customer Care Center (P2.4 billion); Dell International Services Philippines Inc. (P2.4 billion); SPI Technologies Inc. (P2.3 billion); Advanced Contact Solutions Inc. (P2.2 billion); ePLDT Inc. (P2.1 billion); Apac Customer Services Inc. (P2.1 billion);
Cyber City Teleservices Philippines Inc. (P1.8 billion); Sitel Customer Care Philippines Inc. (P1.8 billion); Parlance Systems Inc. (P1.7 billion); ePerformax Contact Centers Corp. (P1.6 billion); Synnex-Concentrix Corp. (P1.4 billion); West Contact Services Inc. (P1.2 billion); Vision-X Philippines Inc. (P1.1 billion); Genpact Services LLC (P1 billion); and ePLDT Ventus Inc. (P1 billion).
The 2008 revenues of the local units of the following large BPO providers were not readily available: Accenture Ltd., Affiliated Computer Services Inc., Citigroup Business Process Solutions Pte. Ltd., INFONXX Philippines Inc., Hinduja TMT Ltd., and Vocativ Systems Inc.
