TCS is going great as is Infosys! It seems that now that the Indian trio of Wipro, Infy, and TCS have their business model tuned up correctly, they are set to expand at a jet speed ahead!
TCS is now looking at 10 deals of $50 mn each! That is $500 mn just from 10 deals in the next FY! It took Indian companies YEARS to reach the $1 bn mark.. and there was enough celebration on that milestones.. now that seems like just a half yearly target by today’s standards!
Tata Consultancy Services has delivered a stellar set of numbers this quarter (Q3). The company posted a net profit of Rs 1104.7 crore (Rs 11.04 billion) versus Rs 991.5 crore (Rs 9.91 billion) in the previous quarter, increased by 11.41%.
The management says that the business environment has been good and the company is focusing on pipeline projects and generation of momentum in the business. They also inform that they are looking at further improvement in margins in Q4 on the back of the 10 deals of USD 50 million each which they are currently negotiating.
Commenting on the results, CEO & MD S Ramadorai said they have delivered an exceptional performance. “Pipeline and the generation of the momentum in a focused manner and bringing out an integrated full services play including a global network delivery model are something which we are focussing on and I am sure that is going to bear fruit in the future.”