Photo: From Left: Ajoy Mukherjee, Executive Vice President, Head, Global Human Resources, TCS; S Mahalingam, Chief Financial Officer and Executive Director, TCS; N. Chandrasekaran, CEO and MD, TCS; and Phiroz Vandrewala, Director, TCS and Vice Chairman and Managing Director of Diligenta
MUMBAI, April 24, 2012: Tata Consultancy Services is now a ten billion dollar gorilla. In its numbers for fiscal year 2011-12, released yesterday, TCS became the first Indian IT company to cross the ten billion dollar milestone posting annual revenues of $ 10.17 billion.
Says N. Chandrasekaran, CEO and MD: “With our customer-centric approach, strong solution set and investments in game-changing technologies like mobility, big data and cloud, we remain well positioned to help our customers transform and drive growth in their businesses.”
There was secular growth across markets and industries during the financial year. North America grew by 29.6% to cross $5 billion while Europe including United Kingdom grew by 33.8%. All industry verticals grew in double digits during FY12.
Outsourcing service lines each clocked more than $ 1 billion in revenues in 2011-12. All other service lines also grew by double digits.As of 31 March 2012, the company has applied for 855 patents and has been granted 72 patents.
Our earlier story: http://www.indiatechonline.com/viewimage.php?id=236