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This Tata Group IT flagship romped home with record numbers, wresting the number one slot back from last year's leader Wipro. It also emerged Asia's largest software exporter, with revenues of Rs 3,142 crore.
This services supremo realigned itself along industry and service lines. Growth rate doubled and stood at 54.5%, against 23% in 1999-00. Revenues increased by Rs 1,108 crore over last year's figure of Rs 2,034 crore. With over 800 clients, seven of them Fortune 10 companies, TCS emerged on top. And exports made up 91% of overall revenues while the company sharpened focus on emerging markets like Latin America, East Europe, West Asia, South Africa and China. During the fiscal, TCS opened nine new offices, taking the total to 82 across 23 countries. This included an office in Singapore for giving a push to the company's business in the APAC region.
With revenue increase more than the turnover of seven Top 20 companies TCS is country's top software exporter and DATQUEST recognizes the company's achievement by conferring DQ Top 20 award for Top IT Vendor this year on TCS.
The Indian IT Giant
With revenue increase more than the turnover of seven Top 20 companies
TCS is country’s top software exporter
The beginning of the year saw some calling TCS a ‘lumbering giant’,
one whose size and diversity would make it difficult for it to sustain
growth rates. By the end of the year, ‘nimble’ had replaced ‘lumbering’,
as the Tata Group IT flagship romped home with record numbers, wresting
the number one slot back from last year’s leader Wipro. It also emerged
Asia’s largest software exporter, with revenues of Rs 3,142 crore. No
need to say it is also the top software exporter and IT vendor in DQ Top
20 list.
This services supremo realigned itself along industry and service
lines. Growth rate doubled and stood at 54.5%, against 23% in 1999-00.
Revenues increased by Rs 1,108 crore over last year’s figure of Rs 2,034
crore. With over 800 clients, seven of them Fortune 10 companies, TCS
emerged on top. And exports made up 91% of overall revenues while the
company sharpened focus on emerging markets like Latin America, East
Europe, West Asia, South Africa and China. During the fiscal, TCS opened
nine new offices, taking the total to 82 across 23 countries. This
included an office in Singapore for giving a push to the company’s
business in the APAC region.
TCS commissioned the latest 64-bit zSeries eServer from IBM at an
outlay of Rs 25 crore, becoming the first company in the Asean and South
Asian region to use this mainframe. Projects poured in from as many as 50
countries, new practices being strategic consulting, computer security and
mobile computing. In the domestic market, it undertook projects like
public debt office computerization for the Reserve Bank of India,
structured financial messaging solution for the Institute for Development
and Research in Banking Technology and implementation of an integrated
brokerage system at the stock exchanges in Bangalore and Mumbai.
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TCS