Wednesday, June 18, 2008

TCS sees India outsourcing rev growth softening

Source : Click

SEOUL--Tata Consultancy Services Ltd., India's top software services exporter, expects a slight slowdown in revenue growth in India's outsourcing industry this year but sees opportunities in sectors such as government and utilities.

India's outsourcing industry is expected to show 20-22 percent revenue growth in the current fiscal year ending in March, 2009, compared with growth of about 25 percent in the previous year, TCS CEO S. Ramadorai told reporters on the sidelines of the OECD Ministerial Meeting on the Future of the Internet Economy.

Tata Consultancy, which got half its revenue from the United States in the March quarter, has said it would boost growth in new markets such as the Asia-Pacific region.