Brazil multinationals ranking: Stefanini slips but retains IT crown

Wednesday, August 27, 2014

Brazilian IT services firm Stefanini slipped into fourth place in a list of the country's most "international" firms.

Stefanini follows construction conglomerate Odebrecht, steelmaker Gerdau and cement group InterCement in the list put together by Brazilian think-thank Fundação Dom Cabral.

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But Stefanini, which was ranked third last year, is deemed to still have the biggest global footprint among the country's IT firms.

The company is present in 33 countries and posted sales of 2.11bn reais (US$960mn) last year.

The business is investing 400mn reais to double in size by the end of 2016 and growing its global footprint further is a key pillar of that strategy, CEO Marco Stefanini said in a press release.

Dom Cabral takes into account four factors when assessing the "international" level of a company: the number of countries in which it has a subsidiary; the ratio of international revenue to total revenue; the net value of foreign assets compared with total value; and the ratio of foreign staff to total staff.

This year, the company began operations in Malaysia, the fifth Asian country in which it has a presence. The others are China, Philippines, India and Thailand.

The company's goal is to have 300 staff working at its Malaysian subsidiary within three years.

Stefanini began its first international operations in 1996 in Argentina. Currently, the group has 76 offices in 68 cities of 33 countries.

In Latin America, Stefanini operates not only in Brazil and Argentina but also in Chile, Colombia, Peru, Venezuela, Panamá, Mexico, Uruguay and El Salvador.

About 40% of its employees are based outside Brazil and the company reportedly provides support to customers in 32 languages.