Tata Consultancy Services

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Founded in 1968, TCS is one of the IT services powerhouses in India. Not content with its success in India, the company has recently indicated interest in establishing its footprint in China.

In July, TCS set up a joint venture with Microsoft and three Chinese partners to provide outsourcing services to the international market.

The move does not come as a surprise. While China has lagged India in IT outsourcing, the Chinese are fast catching up with a rising pool of computer-literate workers. While they may not be as creative as their Indian counterparts, they are certainly a cheaper workforce to employ. India's rising IT salaries are fast becoming a bane to the country's competitive edge.

TCS plans to expand its Chinese workforce from 400 to almost 6,000 within five years. Globally, the company also wants to add over 30,000 employees to its 62,000-strong headcount by next April.

The company's net income for fiscal 2006 jumped 41.2 percent to US$649.2 million, over fiscal 2005. Revenue also grew 36.3 percent over the previous year to nearly US$3 billion.

This company is listed in Software Infrastructure, Business Applications, Security, Services.

Financials
Fiscal year-end March FY06 FY05 FY04 FY03 FY02
Global full-year
revenue (US$millions)
2,970.0 2,240.0 1,560.0 1,040.0
Global full-year net
income (US$millions)
649.2 465.8 371.6 248.3

Average year-on-year revenue growth over 4 years 42.06 %
Average year-on-year net income growth over 4 years 38.12 %
Percentage of revenue from Asia
Percentage of Asian revenues from channel

Operations:
Founded India/1968
First Asian office Singapore/1991
Global employees 67,530
Employees in Asia 49,000
Asian countries:
Total 7
China, Hong Kong, India, Indonesia, Malaysia, Singapore, Taiwan
Notes * Data correct as at September 2006. Information was compiled by ZDNet Asia from sources such as official reports, corporate Web sites, and Hoover's. ZDNet Asia strived to get the latest information but does not guarantee the correctness or completeness of the data. The information provided on this site is for general informational purposes only and is not an offer to buy or sell any securities.

ZDNet Asia's Top Tech Index will be next updated in 2008.


ZDNet Asia Top Tech categories
Systems | Networking and communications | Storage management | Security | Software Infrastructure | Services | Business applications | Internet services



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