Friday, October 29, 2010

TCS posts strong results

Sales of Indian IT suppliers Tata Consultancy services grew by 2 billion $ in the three months to 30 September, an increase of 30% compared to last year and up 12% over the previous quarter. TCS CEO N. Chandrasekaran said results were particularly pleasing given the uncertain economic climate. "We have reached over all industry units due to growth, we are very positive about the global demand recovery going forward while watchful in view of the macro environment," he said.


All major markets grew into double-digit terms with Europe ahead, while TCS's North American revenue 1 billion $, exceeded the report. Indian IT companies are continued strong growth - earlier this week, Indian rival HCL sales of $804 million (£ 511 m), written by 27.6% year-on-year and 9% over the previous quarter fort.Gewinne increased $254.4 m compared to the same period of last year.

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