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With projects pouring in from 50 countries this Tata Group company emerged as country's No 1 software exporter. The year 2000-01 saw this services supremo realign itself along industry and service lines. This fiscal the company's growth rate doubled and stood at 54.5%, up from 23% during 1999-00. While its revenues increased by Rs 1,108 crore over last year's figure of Rs 2,034 crore, exports is where 91% of it's overall revenues came from. The company also increased its focus on emerging markets like Latin America, East Europe, West Asia, South Africa and China, while it opened nine new offices-taking the total to 82 across 23 countries. No wonder then TCS also emerged as Asia's largest software exporter, with revenues of Rs 3,142 crore.
DATAQUEST celebrates the triumph of the Asian Tiger by conferring the DQ Top 20 award for Top Software Exporter on TCS.
The Asian Tiger
With projects pouring in from 50 countries TCS not only emerged as
country’s No 1 software exporter, it also became Asia’s largest player
in this segment
The year 2000-01 saw 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.
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.
Its 2000-01 products list includes e-IBS, an on-line trading system for
brokers; maintenance management system, a software package to streamline
the maintenance in manufacturing and processes and CustConsol, a software
that helps standardize and consolidate databases. The company also shipped
Infrex, a rule-based engine to define business rules; and FIG, generic
messaging middleware for the banking and finance vertical.
No wonder then TCS emerged as Asia’s largest software exporter, with
revenues of Rs 3,142 crore. No need to say
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TCS