TCS says industry profit margins strong this year

By agencies   |   Thursday, 29 September 2005, 07:00 Hrs
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SINGAPORE: IndiaÂ’s largest software exporter Tata Consultancy Services Ltd. today said outsourcing demand would help the industry keep up with expected profit margins.

"We believe the industry in the next couple of years will not see very substantial erosion of margins," chief executive S. Ramadorai said.

"Looking at the supply and demand of professionals, skilled capabilities that are needed, on balance, net-net, the margin impact is not substantial."

TCS like its other Indian competitors like Infosys and Wipro has been under cost pressure due to increasing wages, and the appreciation of the rupee against the dollar.

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