IT Outsourcing Giant TCS records 35% revenue growth in Asia Pacific
Tata Consultancy Services (TCS), India’s biggest IT outsourcing company has recorded a growth of 35% in revenues from the Asia Pacific (APAC) market, compared to a 20% annual growth overall for the year ending March 2009.
Nevertheless, the annual growth of 40% which TCS had maintained for the last five years could not be repeated for this fiscal year. This year TCS expects the growth rate to further reduce as other than China and India, the rest of the Asian economies are have recorded negative growth.
For a long time, the growth in the Indian Outsourcing space was due to IT outsourcing, but now business process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO) have also started contributing in the outsourcing space. The IT story remains the bellwether of growth, with future growth expected from legal, education and HR outsourcing, to name a few.
Related Link:
http://news.idg.no/cw/art.cfm?id=18671C00-1A64-67EA-E4EC25236581E16A
