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Indias TCS set for $5bn annual sales

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Indias TCS set for $5bn annual sales

Indias most valuable technology company, Tata Consultancy Services, is on its way to a record $US4 billion ($5 billon) annual turnover after notching sales of $US1.1 billion in a powerhouse December 2006 quarter.

The results, including a quarterly net profit of $US252 million, were above estimates. TCS, which is controlled by the diversified Tata Group through its Tata Sons holding company, said revenue jumped more than 40 percent from a year earlier.

It also reported closing five big multi-year deals worth $US450 million during the quarter, including one for $US90 million with Australian airline Qantas covering application development and support.

More : theaustralian.news.com.au








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