Indian IT major TCS to concentrate more on European market

Indian IT major TCS to concentrate more on European market

Thursday, 31 March 2011, 05:31 Hrs   |    1 Comments
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HYDERABAD: India's largest IT exporter Tata Consultancy Services(TCS) said it will expand operations in Europe in sectors like healthcare.

The Mumbai-headquartered giant derives about 27 percent of its revenues from Europe. The company will concentrate more on the European market, TCS Chief Executive Officer and Managing Director N Chandrasekharan said.

Talking after the inauguration of TCS' learning centre, Chandrasekharan said the infotech major's growth plans include acquisition of the companies which can bring certain domain expertise, particularly in the healthcare segment in the German market.

To a question on the affects of Japan's calamity on the company, the CEO said there had been not much impact on TCS. "We moved our people from there, but they will go back once the normalcy returns."

"We are looking forward to expand or enter into banking, financial services and insurance, retail, pharma, utilities and manufacturing segments. TCS is already pursuing 20 large deals with investment of USD 50 Million each," Chandrasekharan said.

There are ample opportunities in Asia and Latin America, he said.

The TCS' first learning centre here is equipped to train 6,000 IT professionals a year.
Source: PTI
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Posted by:qdblclxm - 31 Mar, 2011