The Latest in IT Security

India’s TCS sees stronger growth in next fiscal on higher demand

17
Jan
2014

By Aradhana Aravindan MUMBAI (Reuters) – Tata Consultancy Services Ltd, Indias top IT services provider by market value, expects sales growth to accelerate next fiscal year after it beat quarterly profit estimates on increasing overseas demand for outsourcing services. Signs of economic revival in the United States and Europe, the biggest markets for Indias $108 billion IT outsourcing industry, have increased demand for the services offered by TCS and its domestic rivals. Worldwide IT spending growth is expected to accelerate to more than 5 percent in 2014 after growing last year at its slowest pace since the financial crisis, according to the International Data Corporation, a research firm. TCS, which posted a 49.6 percent quarterly profit rise to log its fastest pace of increase in at least two-and-half years, raised its hiring target for the fiscal year that ends in March by 5,000 to 55,000, underscoring the strong outlook.

Comments are closed.

Categories

TUESDAY, APRIL 16, 2024
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments