IDG News Service — Indian outsourcers Tata Consultancy Services (TCS), and HCL Technologies reported this week strong revenue and profit growth for the quarter ended March 31, as outsourcing by clients to offshore locations picked up.
TCS, the largest Indian outsourcer, said on Thursday that its revenue in the quarter was US$2.2 billion, up by 33 percent from the same quarter last year. Net profit was $531 million, a growth of 25.4 percent over last year.
For the fiscal year ended March 31, TCS said revenue had grown by 29 percent to $8.2 billion, and net profits grew by 31 percent to $1.9 billion.
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Tata, HCL Benefit From a Growth in Offshoring
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