Archive for January 17th, 2007

TCS does India proud

January 17, 2007

By taking quarterly revenues past $ 1 billion and quarterly profits beyond Rs 1,000 crores TCS has set yet another benchmark in performance for the quarter ended December 2006. TCS will be $ 4 billion by March 31, 2007, making India proud.

For years media and academics have been looking down on Indian software services industry, often comparing IBM’s turnover per employee with Indian software services companies and making the Indian services companies appear in poor light; often such a comparison was one between apples and oranges and NOT a fair comparison. With global IT services companies like IBM, Accenture, EDS and CapGemini having large-scale operations in India (exceeding 25,000) it will be clear soon that Indian IT services companies are not doing bad at all!