TCS Profit Climbs 21% On Global Demand

Thursday Jul 15th 2010 by Staff

India's largest software exporter reports a 21 percent growth in profits for the quarter.

Wall Street Journal: Tata Consultancy Services Ltd. (TCS), India's largest software exporter and largest private employer, has announced that its quarterly profits grew 21 percent. The company reported net profit of 18.44 billion rupees or $395 million for the second quarter, thanks to strong demand for its outsourcing services.

"Continuing offshore shift and disciplined pricing have mitigated the impact caused by wage and currency headwinds and helped us post a strong margin performance," said the company's CFO.

55 percent of TCS's revenue comes from North America, and 24 percent comes from Europe.

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