FY15 Will Bring Greater Growth Opportunities: TCS

Monday, 30 June 2014, 04:38 Hrs
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MUMBAI: Country's largest software services exporter TCS today said it remains confident of FY'15 bringing greater growth opportunities on the back of improved economic climate in the country and overseas.

"TCS delivered a growth of 16 per cent in dollar terms and 30 percent in rupee terms in FY14 while the industry grew by 8.8 per cent in the same period.

"As the revitalization of the global economy continued this year, TCS remains confident that this fiscal will bring greater growth opportunities," Tata Consultancy Services (TCS) Chairman Cyrus Mistry told shareholders at the company's 19th Annual General Meeting here.

New service lines are growing at a faster pace, he said, adding that consulting services, digital and engineering services are showing traction.

The company is working on projects of e-governance, which can help in checking corruption, Mistry said.

"TCS is involved in a number of e-governance projects in India and abroad. They can help curb corruption," he told shareholders here.

He added that the city-headquartered firm will take up the issue of setting up new research and development (R&D) centres when the business requirement happens.

Five forces of new technology -- mobility, big data, social media, cloud computing and robotics -- will rapidly change the world, he said.

READ MORE: Bangalore Tops Global List Of Cities Attracting Tech Talent and Flipkart To Launch Its Own Tablet


Source: PTI
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