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TCS Profits Up 28%

By LIFS November 6, 2009 at 12:40 PM
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Cost cutting and a turnaround in the fortunes of the financial services sector has sparked a 28.7 percent increase in profits at India’s largest outsourcing company, Tata Consultancy Services Ltd.

 
Revenue for the quarter ending Sept. 30 grew 7% to $1.6 billion. “Recovery is beginning to happen for us definitely and we are seeing growth, but the growth is going to be slow,’’ said TCS chief executive Natarajan Chandrasekaran.

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Business | Magazine | November 2009

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